Author: Desmond Brooks

PayPal has expanded its cryptocurrency services to U.S. business account holders, allowing them to buy, hold, and sell digital assets directly through their accounts. However, businesses located in New York will not have access to these new features at launch. This move is part of PayPal’s response to the growing demand for cryptocurrency solutions in business operations. Onchain Transfers for Business Accounts One of the key aspects of the new service is the ability for U.S. business account holders to transfer cryptocurrency on-chain to third-party wallets. This feature enables merchants to send and receive crypto through external blockchain addresses, streamlining…

In a new collaboration, MyFundedFutures has partnered with dxFeed to integrate its real-time US Futures data into their platform, aimed at providing traders with immediate access to live market information. MyFundedFutures, a futures prop trading firm, operates a simulated trading platform where participants can engage in trading challenges that mirror real market conditions. With the integration of dxFeed’s data services, traders will now have the ability to access up-to-the-minute market data, a key factor in refining trading strategies and navigating the futures market more effectively. Boosting Simulated Trading with Real-Time Data Through this collaboration, MyFundedFutures enhances its platform by offering…

Dynamic Works and Brokeree Solutions have launched a new integrated CRM feature designed for prop trading firms, aiming to enhance client onboarding and streamline account management. The new module, part of the Syntellicore platform, enables clients to browse and select prop trading plans, make deposits, and access their trading accounts all within a unified system. Simplifying the Prop Trading Experience The newly launched module allows clients to explore various prop trading plans directly within their client area. Once a plan is selected, clients can complete the required deposit, with Syntellicore automatically processing the payment and creating the associated trading account.…

FD Technologies has announced an agreement to sell its First Derivative business to EPAM Systems, Inc. for £230 million ($290 million), in a deal expected to close by the fourth quarter of 2024, pending shareholder approval. The Northern Irish technology firm is restructuring to streamline its operations and focus resources on its KX division, which specializes in real-time data analytics and AI solutions. Strategic Shift Towards KX Analytics The decision to divest its First Derivative unit is the result of a strategic review that began in March. Seamus Keating, Group CEO at FD Technologies, emphasized that the move is beneficial…

ATFX has launched the MetaTrader 5 platform, aiming to elevate its trading solutions with faster trade execution, advanced analytical tools, and robust data security. The company’s adoption of MetaTrader 5 is intended to improve operational efficiency and support traders in making more informed decisions in the dynamic financial markets. Aiming for Trading Precision The new platform integrates intelligent trading systems, sophisticated charts, and a variety of order types to help traders execute strategies with greater precision. Jeffrey Siu, ATFX’s Chief Operating Officer, highlighted that the move aligns with the company’s mission to equip traders with cutting-edge technology to stay competitive…

Fintech firm Revolut has called on Meta to take greater responsibility for compensating users who fall victim to scams on its social media platforms. The demand comes in response to Meta’s recent data-sharing partnership with UK banks, which Revolut claims is not sufficient to combat the rising tide of online fraud, as reported by CNBC. Revolut Pushes for Stronger Consumer Protections Meta’s new partnership with UK banks like NatWest and Metro Bank aims to tackle fraud by sharing customer data that could help prevent scams. While Revolut acknowledges the value of such collaborations, it believes that more comprehensive actions are…

Tradeweb Markets reported an exceptional performance for September, with its average daily volume (ADV) climbing to $2.63 trillion, representing a 68% year-over-year increase. The platform’s total trading volume reached a staggering $56.1 trillion for the month, reflecting robust growth across multiple asset classes. This surge was fueled by increased activity in the rates and credit trading segments, showcasing Tradeweb’s strength in the electronic trading marketplace. Impressive Gains Across Rates Trading The rates trading segment led the growth, with ADV in U.S. government bonds jumping by 59% YoY to $232.2 billion. Institutional and retail investors significantly contributed to this surge as…

Sydney, Australia – IG Australia has announced a new partnership with Western Chances, a nonprofit organization focused on enhancing educational opportunities for underprivileged youth in Melbourne’s western suburbs. This collaboration aims to provide scholarships, funding, resources, and mentorship to help young people realize their full potential. Supporting Talented Students in Need Western Chances is known for offering scholarships to promising students who face significant barriers to academic and personal success. The partnership will channel resources toward expanding educational access and support for these students, helping to eliminate obstacles that may hinder their growth and future opportunities. IG Australia emphasized that…

MetaQuotes is preparing to launch a new update for the MetaTrader 5 platform, identified as build 4585, on Friday, October 4, 2024. This update aims to address various stability issues and improve overall functionality, building on the enhancements introduced in the prior build 4570, which added machine learning capabilities to the MQL5 environment and optimized the web terminal. What’s New in Build 4585? The primary focus of the build 4585 update is to enhance the stability of MQL5 programs. Notable improvements include fixing crashes that occurred during certain conditions while stopping the profiling of MQL5 applications. Additionally, MetaEditor has been…

The Belgian Financial Services and Markets Authority (FSMA) has alerted the public about seven companies involved in a deceptive scheme known as “recovery room fraud.” This scam specifically targets individuals who have previously fallen victim to investment fraud, luring them with false promises of fund recovery services. What is a “Recovery Room Scam”? According to the FSMA, these companies prey on victims by offering fake recovery assistance, only to defraud them again. The scam typically involves demanding upfront fees for fabricated legal or administrative costs. In some cases, scammers request remote access to the victims’ computers, further endangering their finances.…