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.
NinjaTrader, a leading retail futures trading platform, has appointed futures trading veteran Anthony Crudele as Senior Vice President of NinjaTrader Live, aiming to bolster its educational offerings. Crudele, a former CME floor trader with 29 years of industry experience, will lead NinjaTrader’s live streaming program, providing traders with real-time insights and guidance across skill levels. Strengthening Educational Content Crudele’s new role aligns with NinjaTrader’s mission to make futures trading education more accessible. CEO Martin Franchi noted that Crudele’s expertise will enrich NinjaTrader’s educational platform, offering traders knowledge “not easily accessible elsewhere.” As the futures market grows, NinjaTrader is focusing on…
The Cyprus Securities and Exchange Commission (CySEC) has fully suspended the license of Viverno Markets Ltd, formerly known as BDSwiss Holding Ltd, over alleged regulatory breaches. Viverno, which operates as a business to business (B2B) provider offering liquidity and technology solutions for contracts for differences (CFDs) brokers, must address compliance issues within one month. Non-Compliance Allegations Against Viverno According to CySEC, Viverno, a Cyprus Investment Firm (CIF) licensed company, is suspected of not meeting regulations requiring “at least two individuals who effectively direct the business.” CySEC’s decision highlights concerns over client protection and market integrity, as stated by the regulatory…
The New York Stock Exchange (NYSE), under Intercontinental Exchange, Inc., has unveiled plans to extend weekday trading hours on its NYSE Arca equities exchange, potentially allowing trading for 22 hours a day. This expansion, pending approval from the U.S. Securities and Exchange Commission (SEC), would make all U.S.-listed stocks, ETFs, and closed end funds available during these extended hours. If approved, the new trading schedule would run from 1:30 AM to 11:30 PM Eastern Time, Monday through Friday, excluding holidays. NYSE Arca, known for its all-electronic trading environment, leads the U.S. market for listing and trading exchange-traded funds (ETFs). Kevin…
The Cyprus Securities and Exchange Commission (CySEC) has issued a €30,000 penalty to Plum, a smart money management app, for various compliance infractions. The fine addresses multiple failures in maintaining required capital and liquidity standards and delays in filing regulatory reports. The investigation by CySEC revealed that Plum Money CY Limited, the entity operating Plum under CySEC regulation, did not meet the necessary capital levels as of December 31, 2023. Specifically: While the fine may not significantly impact Plum’s finances, given the company’s recent successful fundraising, it highlights CySEC’s scrutiny over regulated entities. Plum Raises £16 Million in Series B…
U.S. based forex broker tastyfx has announced a new partnership with TradingView, a popular charting platform, allowing users to trade forex directly through TradingView. This integration brings advanced trading tools and analytical features to tastyfx customers, offering an improved trading experience. tastyfx Expands Features with TradingView Integration Through this collaboration, tastyfx clients will gain access to an array of features designed to enhance their trading performance. These include industry standard charting tools, sophisticated technical analysis features, and real time market alerts. Additionally, traders can utilize an in-depth analytical suite, a strategy tester, and develop custom indicators using Pine Script, TradingView’s…
Broadridge Financial Solutions (NYSE: BR) announced its readiness to support new over the counter (OTC) derivatives reporting requirements in Australia and Singapore, while also preparing for upcoming regulatory shifts in Canada and Hong Kong. The fintech giant is enhancing its reporting solutions to ensure compliance with evolving regulatory standards across multiple jurisdictions. Expanding Global OTC Derivatives Reporting Capabilities Broadridge’s latest solution now meets the reporting requirements set by the Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission (ASIC), which became effective on Monday. Additionally, the company is gearing up for similar regulatory updates in Canada and…
UP Fintech Holding Limited, a prominent online brokerage firm, has successfully completed its follow-on public offering, raising substantial funds to support its expansion efforts. The capital was secured through the sale of 15 million American Depositary Shares (ADS), each representing 15 Class A ordinary shares, priced at $6.25 per ADS. Strengthening Capital Reserves and Expanding Operations According to UP Fintech, the funds raised from the ADS offering will be used to bolster the company’s capital reserves and further its business development initiatives. Additionally, underwriters have been given a 20-day option to purchase an additional 2.25 million ADSs at the same…
Daman Markets, a leading forex and CFD trading provider under Daman Securities, has announced a new partnership as the Official Event Partner for the Dubai Racing Club (DRC) during the 2024–25 racing season. The official contract signing took place at Meydan Racecourse, attended by Daman Markets CEO Samer Mourched and Daman Securities General Manager Ahmed Waheed. A Notable Partnership in Horse Racing The Dubai Racing Club, renowned for its exclusive collaborations, sees this partnership as a significant event for both parties. The sponsorship aligns Daman Markets with prestigious institutions like the Dubai Racing Club and Meydan Racecourse, solidifying its presence…
Prop trading firm TradersYard has announced a strategic shift away from developing a social network for traders, opting instead to concentrate on creating trading challenges. The company shared on LinkedIn that this decision reflects a desire to streamline operations and align more closely with its core expertise in prop trading. According to the statement, this refocused approach is intended to simplify the firm’s objectives and bring renewed clarity to the team’s mission. Embracing a Focus on Trading Challenges “This new focus lets us do what we excel at,” TradersYard remarked, “and it’s infused our team with a fresh sense of…
Fulham Football Club has partnered with US based fintech firm FIS to create an innovation hub at Fulham Pier. The new “Markers, presented by FIS” center is designed to merge technology, business, and community innovation, with the goal of attracting business leaders and fostering a collaborative environment. Innovation and Collaboration at Fulham Pier As part of Fulham FC’s riverside redevelopment, Fulham Pier will host a variety of events, panel discussions, and innovation workshops. The collaboration also supports FIS’ ongoing FinTech Accelerator Program, making Fulham Pier a fintech incubator for the EMEA region. Alistair Mackintosh, CEO of Fulham FC, expressed enthusiasm…