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Another big rate hike is coming. Lather. Rinse. Repeat
A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.New York (CNN Business)The Federal Reserve's upcoming meeting on Wednesday will be one for the history books. The Fed will either raise rates by three-quarters of a point
READ N' GO-Daily News Recap
Good morning traders! This is the official account to find out all the breaking news that may/may not affect your trading decision such as economic policies, political moves, global agendas, etc. BUT first, to start off your day with a bang, here's a recap of the important news we think you should r
Morgan Stanley to Offer the Option to Trade Listed FX through Eurex
The investment bank seeks to expand its footprint in the forex landscape.Eurex recorded its highest daily FX trading volume in June 2022. Morgan Stanley, a major US multinational investment bank, announced on Friday that it is starting to offer clients the option to trade listed forex via the Eurex
FTX US to Acquire Embed to Provide White Label Brokerage Services
West Realm Shires Incorporated, the owner of FTX US, has announced its ongoing acquisition of Embed Financial Technologies, the parent company of clearing firm Embed Clearing LLC. The firm disclosed this on Tuesday in a press statement. However, the company did not disclose the price of the acquisit
Trade360 Operator Surrenders Australia License amid ASIC Investigation
The Australian Securities and Investments Commission (ASIC) announced on Thursday that over-the-counter (OTC) derivatives provider Sirius Financial Markets Pty Ltd, which operates under the brand Trade360, has surrendered its Australian Financial Services license. The company is now winding down its
ASIC Fines AUSIEX and Hits CommSec With Largest Ever Penalty
The penalty is the highest in history for breaching the Market Integrity Rule.Companies used 121,000 occasions to overcharge their clients. The Australian Securities and Exchange Commission (ASIC) informed on Wednesday that the Federal Court had fined Australian Investment Exchange Limited (AUSIEX)
Q&A Weekly Review - What's Asked This Week?
A Q&A Weekly Review keeps traders informed of the latest regulatory status and trading details of brokers mentioned by our users in a given week. Here, BrokersView gives a summing up of "Q&A" this week - from 5 Sep, 2022 to 9 Sep, 2022, listing the asked brokers by categorizing the
Offshore vs. Regulated: What Are Brokers Doing in 2022?
Regulation for a forex and contracts for differences (CFDs) broker is an ever-more important aspect of the retail FX/CFD industry. Amongst other things, the regulation goes a long way to ensure the credibility of the broker and to varying extents, provides measures for the protection of clients’ int
Stocks surge thanks to big rally for JPMorgan Chase and other banks
New York (CNN Business)Investors took a break from selling in May and going away, for one day at least. Stocks soared Monday, as positive news about earnings from banking powerhouse JPMorgan Chase and comments from President Joe Biden about the possibility of lifting some US tariffs on China boosted
United States billionaires will become the lead investors in European Football
Since the pandemic of 2020 North American Private Equity and Hedge Funds have been pouring billions of dollars in the European football leagues. They have done so because they have identified massive value-creation opportunity. As EU football clubs underperformed financially during the pandemic, Ame
AFTX Secures A Major Wimbledon 2022 Events Sponsorship Deal
ATFX, a renowned financial services provider has become the latest big name in Wimbledon 2022 events after inking a deal to sponsor the events. The news was released via the company’s social media platform. The partnership is believed to support sports, including empowering the athletes and giving b
What is Negative Balance Protection?
A relatively straightforward concept, negative balance protection (NBP) simply means that you can’t lose any more money than is in your account. So, if you have GBP1000 in your account, for example, you can’t lose more than that. Imagine you have GBP1000 in your account and you enter a CFD trade wit
What's at stake as book publishing merger faces antitrust trial
New York (CNN Business)A version of this article first appeared in the "Reliable Sources" newsletter. You can sign up for free right here. Penguin Random House announced its bid to acquire Simon & Schuster in November 2020. The deal -- combining two of the top five book publishers in the United
We’re launching a Global Partner Program!
Today, we have an exciting announcement - FOLLOWME is launching a Global Partner Program! Many users have recommended FOLLOWME to others, and we’ve been hard at work brainstorming a good way to say thank you to folks who have encouraged their friends to sign up. What is
Fed hikes and a stronger dollar are fueling risks of political instability in Africa
The U.S. Federal Reserve's monetary policy tightening and a strengthening dollar are having a knock-on effect on African nations' balance sheets and public debt burdens, according to a new report. In early November, the Fed implemented a fourth consecutive three-quarter point interest rate increase
