Author: Desmond Brooks
Desmond Brooks
Desmond Brooks is a skilled financial strategist with a keen eye for market analysis and trading opportunities. With a solid foundation in finance and a passion for economic trends, Desmond provides clear, actionable insights that help traders navigate the complexities of the market. He has contributed to several financial platforms, where his expertise in strategic planning and risk management has made him a trusted voice in the trading community.
The Asia-Pacific (APAC) trading and regulatory landscape is undergoing significant changes, and industry leaders are gearing up to discuss these transformations at the upcoming Finance Magnates Pacific Summit (FMPS). The event, scheduled for August 27-29 in Sydney, Australia, promises to be a pivotal gathering for fintech professionals, regtech experts, and trading specialists. As the financial services sector continues to evolve at a rapid pace, the FMPS will serve as a critical platform for exploring the future of trading and regulation in the APAC region. The summit will feature a two-day exhibition, offering attendees the opportunity to engage in panels, workshops,…
As economic uncertainties loom and the banking landscape undergoes significant shifts, the need for a fresh approach to business banking has never been more critical. The upcoming Finance Magnates Pacific Summit (FMPS) is set to explore what this new era of banking might look like, particularly within the Asia-Pacific (APAC) region. Scheduled for August 27-29 at the International Convention Centre in Sydney, Australia, FMPS will bring together a diverse group of industry leaders, experts, and attendees from both the B2B and B2C sectors. This event will serve as a platform for discussing the most pressing issues in banking and finance,…
Ben Singleton has announced his new role as General Manager at IC Markets, following a distinguished 17-year career in G10 FX trading. He brings significant experience from his previous roles at Crédit Agricole CIB, Bank of America, and Commonwealth Bank. Career Highlights and Experience Singleton’s most recent position was at Crédit Agricole CIB in Hong Kong, where he spent over 17 years, rising to the role of Executive Director. He was responsible for the G10 FX Trading, covering spot, swaps, precious metals, and e-FX/Algo trading in Asia. His duties included market making and trade execution. Before joining Crédit Agricole CIB,…
The month of July witnessed a notable surge in institutional Forex (FX) spot trading volumes across Asia, the US, and Europe. Leading platforms such as Click 365, Cboe, Euronext FX, and 360T reported substantial growth. Increased Institutional FX Activity in Asia and the US In Japan, the Tokyo Financial Exchange’s (TFX) Click 365 platform saw a marked increase in currency trading volumes. July registered 2,747,854 contracts, up 19% from June and 6.2% from the same period last year, with an average daily volume (ADV) of 119,474 contracts. The USD/JPY pair, the most traded, had an ADV of 33,496 contracts, reflecting…
Wall Street is home to some of the largest publicly traded Bitcoin (BTC) mining companies, with Marathon Digital Holdings leading the pack with a market capitalization of nearly $6 billion. Here’s a detailed look at the top five U.S.-based crypto miners listed on the stock market. Major Bitcoin Mining Companies on Wall Street Over 20 companies involved in Bitcoin mining are publicly listed on stock exchanges worldwide, with the majority based on Wall Street. Let’s explore the leading names in this sector. Marathon Digital Holdings (NASDAQ: MARA) stands as the top player in the Bitcoin mining industry, boasting a market…
The partnership is set to enhance the trading experience for over 4.7 million Markets.com users by streamlining online transactions worldwide. Worldpay has entered into a partnership with Markets.com to handle global payment processing and fund distribution. As a seasoned global trading broker with over 15 years in sectors like Forex, equities, and cryptocurrencies, Markets.com serves a platform of more than 4.7 million traders. Trading with Enhanced Payment Systems This strategic alliance aims to enrich the trading experience by delivering quicker, more seamless, and secure online transactions. Worldpay, a leader in payment technology, processes over 40 billion transactions each year across…
StoneX clients can now leverage CME–TMX spread opportunities following the firm’s TMX membership, building on its recent ASX membership from April 2024. StoneX Group Inc. announced that its subsidiary, StoneX Financial (Canada) Inc., has been granted Approved Participant status on the Montreal Exchange (TMX). This milestone expands StoneX’s extensive financial services network, which now spans over 40 derivatives exchanges globally. Montreal Office Broadens Offerings The Montreal office of StoneX Canada, known for its expertise in commodity trading and risk management, will now also provide services in listed fixed income products on the TMX. This new offering caters to a diverse…
The trading platform provider is making strides in the proprietary trading industry, enhancing its offerings for prop firms. Match-Trader is now a key component in the portfolios of many top firms. Match-Trade Match-Trade Technologies has announced a major upgrade to its Match-Trader platform, aimed at boosting the capabilities of prop firms. The update includes the integration of TradingView charts and exclusive pricing for challenge accounts, providing proprietary trading companies with better tools to grow their operations. Match-Trader Boosts Prop Trading Capabilities With the new integration of TradingView charts, traders can now access these widely-used charting tools directly within the Match-Trader…
Crypto Fund Trader is set to launch its “Crypto Futures Platform” on August 1, becoming the first trader-funded firm (TFF) to offer futures trading based solely on digital tokens. This move positions Crypto Fund Trader among the growing list of proprietary trading firms expanding into the futures market. New Platform Features Announcing the launch on social media, Crypto Fund Trader revealed that the platform will offer 120 leveraged pairs for digital assets, available to traders worldwide without country restrictions. This development is particularly notable given that the firm had to suspend services for US clients on MetaTrader 5 five months…
Cryptocurrencies experienced a boost at the start of Monday, buoyed by gains in the equity markets, signaling increased optimism as significant central bank decisions loom. This week, investors are keenly awaiting the release of crucial economic data and the Federal Reserve’s July meeting, scheduled for Tuesday and Wednesday. The outcome will include an announcement on interest rates and new monetary policy guidance. While interest rates are widely expected to remain unchanged, investors will be on the lookout for hints regarding the timing and frequency of potential rate cuts this year. The central bank’s policy guidance and the post-meeting press conference…