Author: Desmond Brooks

Amid a global stock market resurgence, EBC Financial Group (EBC) is taking steps to boost liquidity across five key stock indices: the U.S. Dow Jones, Nasdaq, S&P 500, China’s A50, and Hong Kong’s Hang Seng Index. This move aims to provide investors with more efficient trading options around the clock, offering reduced trading costs and increased market access. As global capital seeks new growth opportunities, EBC’s liquidity enhancement comes at a crucial time, positioning investors to capitalize on the ongoing shifts in financial markets. With fresh capital inflows and a rise in initial public offerings (IPOs) driving stock markets worldwide,…

Stripe has entered into a strategic partnership with FreedomPay to enhance enterprise-level payment solutions, offering businesses more flexibility in their point-of-sale (POS) systems. While Stripe’s Terminal is widely used by small and medium businesses for custom POS setups, larger enterprises typically rely on their established systems. This new collaboration aims to bridge that gap by integrating Stripe’s payment services with FreedomPay’s extensive network of over 1,000 supported POS systems and card readers. Bringing Unified Commerce to Large Enterprises FreedomPay specializes in providing integrated commerce solutions that bring together various POS systems, payment providers, and loyalty programs. By partnering with Stripe,…

Ebury, a prominent payments company owned by Santander, is broadening its reach by offering tailored payment solutions to forex (FX) and contracts for differences (CFD) brokers. This move marks a significant step in the company’s strategic growth, as it actively targets a new client segment to diversify its service offerings. Expanding into the Brokerage Sector Ebury began onboarding FX and CFD brokers in December 2023 and has since attracted more than 20 brokerage clients, with over a dozen currently using its services actively. The platform offers a range of financial tools designed specifically for brokers, including international bank accounts (IBANs)…

Americas Executions (AmerX), a full-service broker-dealer and member of the New York Stock Exchange (NYSE), has taken a significant step in expanding its operations by implementing Broadridge Financial Solutions’ Securities Finance and Collateral Management (SFCM) platform. This move aims to support the launch and growth of AmerX’s securities lending division. AmerX Leverages Broadridge’s SFCM Platform for Securities Lending Broadridge’s SFCM platform offers a range of advanced tools designed to streamline securities lending processes, manage collateral efficiently, and enhance risk management. By adopting this technology, AmerX hopes to improve transparency, ensure compliance with regulations, and offer a broader array of products…

GCEX, a regulated digital prime brokerage, has introduced a new and enhanced market data feed solution that provides real-time data for a broad range of products, including Equity Index CFDs, Energy CFDs, Commodity CFDs, Crypto CFDs, Spot FX, and Bullion. This new service allows brokers, funds, and professional traders to access and redistribute real-time market data without limitations, offering increased flexibility for users across the financial ecosystem. New Market Data Feed Launched GCEX’s new data feed comes as an addition to its comprehensive brokerage services. One key advantage of this service is that users are not required to open a…

MetaQuotes has announced the release of build 4620 for its MetaTrader 5 trading platform, focusing on fixing bugs and enhancing platform stability. This update, set to go live on October 11, 2024, addresses multiple issues related to the MQL5 programming language and aims to provide a smoother trading experience for users. Key Bug Fixes and Stability Enhancements The primary focus of this update is on improving the platform’s reliability by fixing bugs that affected the retrieval of tick history. The issue, which previously caused incomplete data downloads under certain conditions, has been resolved, ensuring traders have consistent access to historical…

The Securities and Exchange Commission (SEC) has charged Rimar Capital USA, Inc. and its top executives for allegedly misleading investors by exaggerating the firm’s AI capabilities. The SEC claims that the company raised close to $4 million from investors by promoting a non-existent AI-driven trading platform, a practice referred to as “AI washing.” False Promises of AI-Driven Success According to the SEC, Rimar Capital lured 45 investors with the promise of an advanced AI-powered system that could automate trades and deliver high returns. However, the regulator found that the firm’s claims about its AI technology and overall assets under management…

StoneX Group, a US-based financial services company, has put forward a $480 million takeover bid for UK-listed CAB Payments. This marks the second time StoneX has approached the payment solutions provider, raising its offer from an earlier proposal that was turned down by CAB Payments’ board. The latest bid is set at 145 pence per share, offering an 18% premium over the current share price of 123 pence. Background on the Bid StoneX made its latest offer on September 23, according to a report from Dow Jones Newswires. This follows a previous attempt in July, when StoneX proposed a 115…

CMC Markets (LSE: CMCX) has reported a remarkable financial recovery for the first half of its fiscal year 2025, turning a previous £2 million loss into an estimated £51 million profit. The London-based brokerage attributes this success to a strong focus on cost management and strategic expansion in its business-to-business (B2B) segment. Impressive Revenue Growth For the six months ending September 30, 2024, CMC Markets projects net operating income of approximately £180 million, a 45% increase compared to £123 million in the same period last year. This growth is driven by ongoing diversification efforts, a boost in client trading activity,…

Interactive Brokers has announced a new partnership with SNB Capital, a leading financial firm licensed by the Saudi Arabian Capital Market Authority, to provide international investors with direct access to the Saudi stock market. The collaboration will allow Interactive Brokers’ clients to diversify their portfolios by trading in Saudi equities, global stocks, ETFs, and other securities all from a single platform. Expanded Investment Options Under this new agreement, clients of Interactive Brokers can now trade a variety of securities on the Saudi Exchange, including local stocks, real estate investment trusts (REITs), and exchange-traded funds (ETFs). The Saudi market, considered a…