Author: Desmond Brooks

Webull has introduced an overnight trading feature, granting retail traders 24/5 access to U.S. markets, allowing them to trade outside standard market hours and respond to events in real time. In collaboration with Blue Ocean Technologies, this new feature enables trading from 8:00 PM to 4:00 AM ET, Sunday through Thursday. Expanded Trading Hours for Enhanced Flexibility This feature, developed with Blue Ocean Technologies, extends Webull’s trading hours beyond typical pre-market and post market windows, offering nearly continuous access to the U.S. stock and ETF markets. With overnight trading, users can now react to impactful events such as earnings reports,…

UP Fintech Holding, the parent company of Tiger Brokers, has reported robust growth in its third quarter performance, with revenue reaching a record $101.1 million and a three year high in profits. A significant driver of this success was a 115% year over year (YoY) increase in client assets, totaling $40.8 billion. Rising Trading Activity Boosts Revenue UP Fintech’s Q3 revenue saw a notable 44.1% increase YoY and a 15.6% rise quarter over quarter (QoQ), fueled by elevated trading activity and strong client engagement. Non-GAAP net income for shareholders climbed to $20.1 million, marking a remarkable 286.5% QoQ increase and…

Starting today, proprietary trading platform Blueberry Funded has rolled out updates to its forex and metals trading symbols on the DX Trade platform, aiming to improve user experience and efficiency. The changes will make symbols ending with a “/” suffix inactive, while new symbols with a “.i” suffix will become the standard across all forex and metals trades. Transition to New Symbol Format According to Blueberry Funded, the update will gradually phase out symbols ending in “/,” setting them to a “close only” status. Traders with open positions using these symbols can still close them, but no new trades can…

Online trading provider CFI Group recorded a remarkable trading volume of $1.03 trillion in Q3 2024, representing a 34.47% increase from Q2 and a 129.4% surge year over year. This growth aligns with CFI’s strategic initiatives to capture rising market demand and expand its global footprint. Significant Growth in Client Base CFI’s client numbers rose sharply, with funded accounts up by 45.93% compared to the previous quarter and a notable 128.75% year over year increase. Active accounts saw a 28% quarterly growth and a 110% annual rise, reflecting CFI’s success in both attracting and retaining clients through enhanced engagement initiatives.…

The Securities Commission Malaysia (SCM) has added InstaForex and InstaTrade, brands under the InstaFintech Group, to its investor alert list, flagging them as unauthorized entities. This action is part of the SCM’s ongoing effort to warn the public about potential risks in unlicensed trading platforms. SCM Alerts Public on InstaForex and InstaTrade Activities The SCM announced on Monday that it has expanded its list of flagged entities, now including InstaTrade and InstaForex, both known brands in the international FX, CFD, and retail trading sectors. According to the SCM, these platforms are allegedly conducting unlicensed capital market activities involving securities dealing,…

FXGT.com has introduced two new trading platforms, FXGT App and FXGT.com Trader, designed to improve user experience on both mobile and desktop. The mobile app is available on iOS and Android through the App Store and Google Play, while the desktop platform is accessible via any internet browser, providing users with versatile options to access global markets. Mobile and Desktop Accessibility FXGT.com’s latest offerings allow traders to manage their portfolios on the go. The mobile app includes a one-click trade feature, enabling quick order execution especially valuable in fast-moving markets. The app also supports multiple languages, appealing to a diverse…

The Bank for International Settlements (BIS) has announced its decision to exit the mBridge cross-border payment project, a blockchain-based CBDC initiative led by China. This project, launched in 2021, aimed to expedite and improve transparency in cross-border payments through wholesale central bank digital currencies (wCBDCs). BIS Steps Back as mBridge Progresses Agustín Carstens, General Manager of BIS, revealed the decision at the Santander International Banking Conference, explaining that BIS’s departure signals the project’s successful progress rather than political reasons. Carstens emphasized that BIS is stepping back because the central banks involved, including China, Hong Kong, Thailand, the UAE, and more…

TradingView has announced the integration of ThinkMarkets services into its mobile app, now offering traders mobile access to currency pairs, stocks, and commodities. This update enhances the flexibility for CFD traders, who can now execute trades directly from their mobile devices. ThinkMarkets Now Accessible on TradingView Mobile Previously available only on desktop, ThinkMarkets’ services on TradingView have now been expanded to mobile users, allowing traders to access contracts for difference (CFDs) across a range of assets. With this integration, ThinkMarkets clients can engage in trading on the go, offering improved accessibility and convenience. Improving Trading Flexibility and Market Reach This…

Swiset, a leader in trading analytics, has acquired Proprietary Firms Tech (PFT), enhancing its offerings for proprietary trading firms with AI-driven solutions that optimize decision-making and risk management. This acquisition merges Swiset’s advanced analytics with PFT’s specialized prop trading infrastructure, creating a platform designed to support traders of all experience levels. AI Integration for Enhanced Trading With the integration of Swiset’s AI technology, PFT’s platform will now offer sophisticated analytics and improved operational intelligence, allowing prop firms to better manage risk and assess trader performance. According to Andres Jimenez, COO of Swiset, the trading industry has been evolving toward integrating…

Foresight Ventures, a prominent investment firm specializing in Web3 and blockchain projects, has announced a strategic partnership with Deep Blue, a new Jersey-based stablecoin issuance platform, and Arta TechFin Corporation Limited (HKSE: 0279), a Hong Kong-listed financial services and blockchain development firm. This collaboration aims to drive growth in the Stablecoin and Real-World Asset (RWA) sectors, bridging traditional finance with the emerging blockchain economy. Expanding the Stablecoin and RWA Ecosystem Deep Blue, known for its secure and versatile stablecoin issuance platform, brings together expertise from both digital assets and traditional finance. This partnership will allow users to leverage Deep Blue’s…