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 fintech platform now offers users the ability to invest in leading companies listed on the Dubai Financial Market, facilitated by Arqaam Capital. Expanding Investment Horizons eToro has strengthened its investment platform by partnering with the Dubai Financial Market (DFM), enabling users to invest in stocks of prominent companies listed on the DFM. This strategic move allows eToro users to explore investment opportunities within one of the most dynamic financial markets in the Middle East. Diversified Investment Choices With this integration, eToro users can now access stocks from 10 major companies spanning various sectors, including real estate, banking, utilities, logistics,…
The UK Treasury and the Financial Conduct Authority (FCA) have voiced concerns regarding an impending fraud refund scheme that could pose significant challenges to the financial sector, according to a report by CityA.M. Set to be implemented by the Payment Systems Regulator (PSR) on October 7th, the new regulations will require banks and fintech companies to fully reimburse victims of authorized push payment (APP) fraud, with compensation capped at £415,000. The cost of reimbursement is to be shared between the sending and receiving firms. Potential Industry Impact While the scheme is designed to protect consumers, particularly in light of the…
Interactive Brokers (Nasdaq: IBKR) has announced significant enhancements to its global bond offerings through the IBKR Bond Marketplace. The recent upgrades increase client access to liquidity for a broader range of global corporate bonds, European Government Bonds (EGBs), and UK Gilts. Clients now have the capability to trade these bonds for up to 22 hours a day. Additionally, the platform has introduced Swiss Franc-denominated (CHF) bonds, including both Swiss government bonds and global corporate bonds priced in CHF. Expanded Fixed-Income Opportunities These developments build upon IBKR’s existing bond offerings, which are already available in USD, EUR, GBP, CAD, and HKD.…
The potential for interest rate cuts in the U.S. has been a major driver of rising Gold prices, which have surged by over 22% since the start of 2024, reaching a new all-time high of $2,531.52 per ounce on August 20th, according to data from ActivTrades. This rally has been further bolstered by ongoing geopolitical tensions in the Middle East and Ukraine. Surge in Gold Prices Driven by Fed Rate Cut Expectations The current upswing in Gold prices is largely attributed to growing expectations that the Federal Reserve will begin cutting interest rates in September, with additional cuts anticipated throughout…
Joshua Cartu’s detention raises questions due to the absence of an extradition agreement between Russia and the United States. His fate depends on whether U.S. authorities can confirm the charges and provide necessary documentation within 48 hours. Arrest Details Russian Interpol authorities apprehended Canadian-Israeli blogger and motorsport enthusiast Joshua Cartu at St. Petersburg’s Pulkovo International Airport, as reported by Kommersant. The 45-year-old was taken into custody on an international warrant issued by the United States, accusing him of involvement in a binary options fraud scheme. Fraud Accusations This arrest is part of a broader global investigation into an alleged fraud…
In a recent statement, CFTC Commissioner Caroline Pham has once again voiced strong criticisms against the Commodity Futures Trading Commission’s (CFTC) regulatory practices, following her earlier objections regarding the agency’s conduct in the My Forex Funds case. Appointed by President Biden, Pham has consistently raised concerns about the unclear delineation of roles and responsibilities among different divisions within the CFTC. Ongoing Criticism of Regulatory Practices Commissioner Caroline Pham has not shied away from pointing out the shortcomings of the CFTC, the primary U.S. regulatory body overseeing financial derivatives markets. In her latest remarks, Pham highlighted the agency’s improper reinterpretation of…
Valverde Investment Partners partners with Broadridge to enhance its technology framework as it seeks to capitalize on the ASEAN market boom. The newly launched Singapore-based investment firm, Valverde Investment Partners, has chosen Broadridge Financial Solutions (NYSE: BR) to upgrade its technological infrastructure. This strategic move is aimed at taking advantage of the increasing investment interest in Southeast Asian markets. Valverde Enhances ASEAN Investment Strategies with Broadridge Partnership The collaboration will see Valverde modernize its portfolio management, trade order processing, and risk management systems. This initiative comes as the firm rolls out a new fund and prepares to scale its operations…
The revocation was carried out under the Compensation Scheme of Last Resort (CSLR) regulation, which was implemented in April.The CSLR made a compensation payment to the affected client on 24 July 2024. The Australian Securities and Investments Commission (ASIC) has officially revoked the financial services license of Libertas Financial Planning Pty Ltd. This marks the first instance of ASIC exercising its authority under the newly enacted Compensation Scheme of Last Resort (CSLR) to compensate a client. Ensuring Consumer Protection The CSLR, which began operations in April 2024, is designed to safeguard consumers who have incurred financial losses due to the…
Karma Prop Traders recently halted operations due to liquidity concerns.Initially, the owner rejected acquisition offers but now indicates a deal might be close. Karma Prop Traders recently announced its closure, with founder Eshan Balapatabendi citing “insurmountable challenges” that made the business “untenable.” However, just days later, new developments suggest the firm is in “advanced negotiations” with a “major prop firm” interested in acquiring Karma’s client base. Change of Course: A Deal May Be on the Horizon Karma Prop Traders launched only two months ago, quickly earning positive feedback. Before its unexpected shutdown, the firm had partnered with Match-Trade Technologies, offering…
Evest, a prominent multi-asset online trading platform, proudly announces that it has surpassed 1 million registered clients. This significant achievement underscores Evest’s dedication to delivering cutting-edge financial tools and insights, solidifying its reputation as a leading platform in the trading and investment community. Since its launch, Evest has consistently grown, driven by its mission to make financial management more accessible and empower individuals to take charge of their financial futures. The milestone of reaching 1 million clients reflects Evest’s innovative approach and strategic focus on enhancing the client experience, further establishing it as a reliable partner in financial planning. The…