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Physical version of gold-backed token replaces Zimbabwe dollar
30.4.2024
The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance
Interactive Brokers raises trading hours for US Treasury Bonds to 21
26.4.2024
Interactive Brokers, an international brokerage firm, has informed the public that trading hours for US Treasury bonds have been extended to twenty-one hours per day. Customers are now granted access to the trading platform from 8:00 pm Eastern Time (ET) until 5:00 pm Eastern Daylight Time (EDT)...
XTB proposes to roll out a record-high dividend of $195 million
25.4.2024
The XTB Board of Management has put a proposal on the table, seeking to roll out the historically highest dividend for shareholders. The proposal mentions XTB allocating approximately 75% of the total profit to dividends; this roughly translates to $195 million. The proposal suggests allocating...
PrimeXBT and FinCom join forces to simplify dispute resolution
24.4.2024
A non-governmental organization, the Financial Commission (FinCom) oversees the operations of the financial services industry. With effect from April 23, the platform will welcome PrimeXBT as its newest authorized member. PrimeXBT is distinguished as an authorized broker member due to its provision...
Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local Currency
20.4.2024
The Nigerian central bank governor has refuted claims that the bank is using the country’s foreign exchange reserves to shore up the naira. The governor attributes the decline in reserves to debt repayments and other payments, which are made because they help to maintain Nigeria’s...
XTB releases new social trading feature for investor engagement
29.3.2024
XTB recently released a new feature to enable users to follow top investors. The social trading feature will also help traders view investors’ portfolios. Announced at the start of 2024, XTB is following its roadmap faithfully. Their new feature is also a step toward the completion of the roadmap....
Inflation Rollercoaster: Expectations vs. Reality and the Market’s Reaction
13.3.2024
Inflation has been a major headline for the past few months. With the February inflation report coming, the pattern is set to continue. Analysts have predicted another surge in inflation data that concerns businesses and consumers alike. A rise in inflation means deflated purchasing power, pushing...
Japan’s economic crossroads: Recovery or renewed challenges
13.3.2024
Kazuo Ueda, the Bank of Japan Governor, hinted that Japan is moderately recovering from its economic condition. The policy meeting is scheduled to happen in March next week. Many speculate that a decision to end negative interest rates could be on the table. This comes in light of the demand...
Impact of China’s economic policies on US Dollar and global liquidity
12.3.2024
USD has always been considered the most reliable, safe, and stable currency of all time, and its role in global trade has made it the backbone of the global financial system. Besides, it has been the most widely used currency in foreign exchange transactions, international debt securities...
Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls
17.2.2024
In the first month of 2024, Nigeria’s headline inflation rose from nearly one percent to 29.9%. However, on a year-on-year basis, the January 2024 headline inflation rate was 8.08 percentage points higher than the January 2023 rate. Many commentators identify foreign exchange shortages as...
Nigerian Currency Depreciation: Central Bank Head Reaffirms Commitment to Reviving Confidence in the Economy
8.2.2024
The Nigerian central bank remains committed to building confidence in the economy but that hinges on the implementation of “bold reforms” and residents’ help in easing pressure on the naira. However, critics have faulted the central bank’s policies including the devaluation...
SG Americas Securities LLC sells some Interactive Brokers’ shares
18.1.2024
SG Americas Securities LLC has reportedly sold 70.1% of its total holdings in Interactive Brokers. Their holdings were last valued at $150,000. The number of shares sold by SG Americas amounted to 4,064. While a precise reason for doing so is yet to be determined, analysts understand that it could...
Interactive Brokers Q4 2023: 18% income surge shines bright
17.1.2024
Interactive Brokers is an online trading platform with operations spread across all the major parts of the world. It is in the 47th year, considering the broker was in the 46th year in January 2023. Interactive Brokers has adjusted its offerings as needed. This is evident from the fact that prices...
SAXO Bank big move: Lower fees for Australian and US market trades
16.1.2024
SAXO Bank, the online investment and trading platform, is one of the leaders of the said industry. It was founded in 1992, and since then, if anything has remained rock-solid, it is the image of the company. Services and products have constantly been enhanced to meet the needs of traders across...
Exness averages $3.7T in trading volume for 2023
12.1.2024
December marked a time when activities in the trading market were low due to the holiday season. It affected liquidity to some extent, and traders were mostly on the lookout for some break from volatility that they would otherwise come across. However, Exness had a different story ongoing that...
MultiBank Group unveils innovative trading platform with top-notch technology
11.1.2024
MultiBank Group is an online financial derivatives institution that is enabling millions of traders to build a healthy portfolio. Its offerings include forex, metals, and shares, among many others. A financial platform finds it imperative to possess convenience and hand it over to customers...
Octa’s 2023: A year of remarkable milestones and progress
10.1.2024
Founded in 2011, Octa, an online brokerage platform, has come a long way to serve its customers across the globe. According to reports, it has 42 million trading accounts active in 180 countries. The international broker is on the way to achieving higher milestones based on what it has done...
XTB UK boosts team with top finance pro from GAIN and Forex.com
10.1.2024
XTB, a fintech investment provider, had recently planned to expand its offerings and presence in other regions. Those plans are now being strengthened with the addition of a new member to the team, Kathleen Brooks. She comes with 15 years of experience in retail trading and investment markets....
FX Review 2024: Sees top executive shifts at Markets.com, IG, and more
8.1.2024
Traders and investors are coming back from their vacations. Meaning, the foreign exchange market, or as it is popularly called, the FX market, will soon start gaining traction. It is too early to predict how the year will unfold, as the Russia-Ukraine and Israel-Hamas wars continue unabated....
Admiral Markets impersonated: FCA issues new fraud warning
5.1.2024
The fact that someone has impersonated Admiral Markets is alarming. This is for more than a single reason; however, the most recent one comes to light on a serious note since this is the 5th time that malicious actors have caused harm to the brand and its investors. The UK FCA has stepped in...