Markets

21 January 2024

Sainsbury Plans To Shut Down Its Banking Operations

British retail banking giant Sainsbury's announced that it will shut down its banking sector. Instead, it intends to provide financial products through other companies. This decision is part of a strategy to focus more on its main business of marketing goods in...

20 January 2024

Grayscale Sees $2.2B Outflows In ETF Transition

In just the first five days of trading, the new spot Bitcoin ETF marketplace in the US has attracted nearly $1.2 billion in total net inflow. BitMEX Research data shows that BlackRock and Fidelity are now part of a special...

20 January 2024

FP Markets Announces Integration Of TradingView To Its Platform

Retail Forex and Contracts For Difference (CDFs) broker FP Markets has partnered with charting provider TradingView. The partnership will integrate the advanced charting solution of TradingView into FP Market’s trading platforms. According to the announcement, the collaboration will enhance the...

20 January 2024

CitiGroup Taps LuminArx To Launch Private Lending Venture

Alternative investment manager LuminArc Capital has announced a collaboration with Citigroup to roll out a private lending venture for companies The venture, called Cinergy, will provide different credit solutions to companies. The partnership will ensure series of investments across multiple...

19 January 2024

India Dominates As Global Derivatives Market Soars By 64%

Futures Industry Association (FIA ) published a report about trading in futures and options worldwide in 2023. The report disclosed a notable increase in total derivatives trading. The total number of these contracts, which include futures and options, hit a...

18 January 2024

Robinhood Faces Regulatory Heat with $7.5M Fine in Massachusetts

Robinhood is set to pay a $7.5 million fine to settle claims made by Massachusetts' securities regulators. The resolution revolves around authorities' claims that Robinhood, the trading platform, allowed inexperienced investors to partake in high-risk trades through its user engagement...

18 January 2024

ZFX UK Records 150% Drop In Profits In FY23

The UK subsidiary of ZFX, a retail Contracts for Differences broker, recorded a revenue of £883,639. This amount signifies a decrease of approximately 150 percent from the previous year's revenue, which was £1.04 million. The substantial decline raises concerns about...