Markets

Foreign exchange (Forex) trading at CME Group grew well in October 2024. The EBS Spot FX had an average daily volume (ADV) rise of 15%, reaching $58.3 billion. CME Group’s FX Link platform showed even stronger growth, with average daily...

The Bank Policy Institute and the Clearing House Association recently said that the US financial services regulators should take the reins of fintech oversight in the country. It also criticized them for expecting the banks to police the sector on...

After years of struggling, the dollar finally started growing stronger, turning October 2024 into one of its best months in recent times, while at the same time, it was the weakest month for the EUR in over a year. However,...

Affirm, one of the largest Buy Now, Pay Later (BNPL) platforms in North America has now successfully brought its service to the UK. Affirm Expands Into The UK Affirm was founded in 2012 and it went public in 2021. In...

The Consumer Financial Protection Bureau (CFPB) recently ordered VyStar Credit Union to pay a major $1.5 million fine over a bungled online banking rollout.  VyStar Fined For A Two-And-A-Half Years Old Incident VyStar Credit Union was supposed to perform a...

Hong Kong Exchanges and Clearing Limited (HKEX) recently announced its upcoming expansion into Saudi Arabia. According to the company, its goal is to open a new office in Riyadh in 2025.  HKEX Expands Into The Middle East The expansion is...

As the 2024 U.S. elections draw closer, North American corporate Chief Financial Officers (CFOs) are facing the challenge of dealing with a strengthening dollar and the possible impacts of upcoming political changes. According to the second annual Corporate Chief Financial...

UBS Asset Management announced on Friday its first tokenized investment fund, the UBS USD Money Market Investment Fund Token (uMINT). The fund is now available on Ethereum’s blockchain, bringing a new digital option for institutional investors who want secure and...

Goat Funded Trader (GFT) reportedly told its clients that it would pause trading on live accounts because of the upcoming U.S. presidential election. The firm described this as a "conservative measure" due to the "high volatility" expected. In the prop...

Hong Kong Exchanges and Clearing Limited (HKEX) said it will open a new office in Riyadh, Saudi Arabia, in 2025. According to the company, this move will help HKEX build stronger links with the Middle East and improve connections between...

Dukascopy Bank has announced a major milestone as it clocks 20 years of digital trading and banking. The bank is located in Geneva, Switzerland, and now supports over 400,000 customers across the globe. According to the update, Dukascopy began in...

ATFX Connect announced its new partnership with Your Bourse, a major provider of platform solutions for managing Forex (FX) and CFD liquidity. According to ATFX Connect, this partnership will give brokers more liquidity options by combining ATFX's wide range of...

Fubon Bank has been fined HK$4 million by the Hong Kong Monetary Authority (HKMA) for not following important rules on stopping money laundering and terrorist financing. The penalty is for breaking the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), a...

CMC Markets, a financial services company, recently announced plans to apply for accreditation as a Trading and Clearing Participant with the New Zealand Exchange (NZX) in 2025. The application will be submitted to NZ RegCo, which oversees compliance with NZX’s...

Starling Bank has introduced a new tool in its mobile app. Based in the United Kingdom, the bank said the tool helps keep customers safe from people who pretend to work for the bank. The new feature is known as...