Author: Desmond Brooks

Saxo Bank, a leading Danish trading platform, has garnered significant attention from major investors, including Altor Equity Partners, Centerbridge Partners, and Interactive Brokers Group, according to a report from Yahoo Finance. The investors have reportedly submitted non-binding offers, signaling the possibility of a major transaction in the near future. Multiple Investors Eyeing Saxo Bank Altor and Centerbridge are among the firms that have expressed interest, submitting preliminary bids for Saxo Bank. Interactive Brokers Group is also reported to be evaluating the firm for a potential acquisition. However, no deal has been finalized, and Saxo Bank has not yet committed to…

dxFeed has integrated its suite of indices into the Bloomberg platform as part of its broader strategy to expand partnerships across the financial industry. This collaboration aims to enhance access to financial data for professionals worldwide, fostering innovation in index-linked products. dxFeed’s Global Expansion with Bloomberg The recent integration of dxFeed’s indices into Bloomberg marks a significant step in the company’s efforts to broaden its reach in the financial sector. By making its data accessible to Bloomberg users, dxFeed seeks to provide investors with improved tools for making data-driven decisions. Bruce Traan, Global Head of Indices at dxFeed, expressed enthusiasm…

The Reserve Bank of India (RBI) has added popular forex and CFD broker ThinkMarkets, along with two proprietary trading firms, FundedNext and Smart Prop Trader, to its growing warning list. This marks the first time prop trading companies have appeared on the RBI’s radar, which previously focused primarily on well-known brokers such as eToro, IC Markets, and XTB. RBI Expands Warning List to Include Prop Firms and FX/CFD Broker The RBI updated its warning list on Tuesday, flagging several new entities. Among them, ThinkMarkets, a well-known broker in the FX/CFD space, and two prop firms, FundedNext and Smart Prop Trader,…

eToro has launched a new feature allowing users to trade in their local currencies, GBP and EUR, eliminating the need for converting funds into USD. This move aims to help investors avoid currency conversion fees and gain better control over their currency exposure when trading UK and European stocks. Improved Currency Management for Investors Previously, eToro users had to convert their local currencies into USD before trading UK and European stocks, leading to additional conversion costs. With this new feature, investors can now trade directly in GBP or EUR, saving on fees and simplifying the process of investing in locally-listed…

MetaTrader 5, developed by MetaQuotes, offers hedge funds a cost-effective solution for managing complex data and operations, thanks to its advanced built-in tools and support for MQL5 and Python. Hedge funds typically handle large amounts of market data, requiring extensive data storage and integration with external databases. This often leads to significant infrastructure and maintenance costs. MetaTrader 5 addresses these challenges by integrating the necessary infrastructure within its platform, providing real-time access to a wide range of financial instruments. Reducing Costs with a Streamlined Approach The platform’s integrated design helps hedge funds cut down on infrastructure expenses while speeding up…

FlowBank’s liquidators have launched a new platform to assist clients in selling their securities as part of the bank’s liquidation process. Clients are encouraged to complete transactions before November 15, 2024, to avoid delays in accessing their funds. Asset Liquidation Process Geneva based FlowBank’s liquidators, Walder Wyss, have provided an online platform that allows clients to sell their securities directly. This streamlined approach is intended to expedite the liquidation process, offering a faster alternative to transferring securities, which can be both time consuming and costly. Clients can log in using their existing credentials to access the platform. “You can now…

WhiteBIT, a leading cryptocurrency exchange, has achieved the highest level of certification for payment data security by obtaining the Payment Card Industry Data Security Standard (PCI DSS) Level 1 certification. This accomplishment highlights the platform’s dedication to ensuring top notch security for its users’ financial information. The PCI DSS certification confirms that WhiteBIT follows the best practices for handling, storing, and processing payment card data, safeguarding users against cyber threats and online fraud. With this certification, customers can securely conduct transactions using payment methods like Apple Pay and Google Pay, confident that their data is protected. “Our customers’ security has…

Firstrade has strengthened its mobile trading app by integrating advanced AI powered tools from Trading Central, aiming to offer investors real time market insights and improved decision making capabilities. This collaboration seeks to provide traders with enhanced resources for understanding market dynamics and optimizing their investment strategies. New Trading Central Tools Now Available on Firstrade App The expanded partnership with Trading Central brings several new features to Firstrade’s mobile platform, including Technical Insight, TC Market Buzz, and thematic portfolios. These tools, already available to desktop users since February 2024, are now accessible to mobile app users as well. John Liu,…

The Financial Conduct Authority (FCA) has announced plans to introduce a Temporary Permissions Regime (TPR) for Buy Now, Pay Later (BNPL) companies, allowing them to continue operating while new regulations are finalized. The move comes as the regulator supports the government’s efforts to bring BNPL products under regulatory control. The FCA has advocated for BNPL oversight since 2021, following recommendations from the Woolard Review, which called for greater regulation in this sector. The TPR will allow firms to continue offering BNPL services while their applications for authorization are reviewed. In the meantime, these firms must comply with the FCA’s rules,…

Interactive Brokers has officially opened a new office in the Dubai International Financial Center (DIFC), aiming to tap into the region’s growing financial market. The company, which holds a Category 4 license from the Dubai Financial Services Authority, expects this expansion to provide traders and investors across the UAE and the broader Gulf Cooperation Council (GCC) region with greater access to global markets. Expansion into Dubai Interactive Brokers’ move into the Middle East comes amid a rising demand for financial services in the region. The new DIFC office will cater to a wide range of clients, including active traders, high…