Within the context of broadening and dynamically expanding into new markets, EC Markets proudly yet with great responsibility and determination announces its participation as an Elite Sponsor at the Finance Magnates Africa Summit 2025 (FMAS 2025). This leading event, taking place on 29–30 May at the renowned Cape Town International Convention Centre (CTICC), aspires to […]
Author Archives: BooBee
A brokerage firm operating in Dubai has reportedly disappeared with millions of UAE investors’ funds, according to reports by local media publications. According to the Khaleej Times, the firm has left a vacant office in Dubai’s Capital Golden Tower and unanswered calls from desperate investors who have reportedly lost millions of dirhams in funds. Dubai: […]
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May
May
TradingPRO is proud to announce our participation as a Platinum Sponsor at the upcoming Finance Magnates Africa Summit 2025, taking place from May 29–30 at the Cape Town International Convention Centre (CTICC). Join us at Booth 32, where our team will showcase our award-winning trading solutions, connect with industry leaders, and spotlight our commitment to […]
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May
May
Capital One Financial Corporation (NYSE: COF) has completed its acquisition of Discover Financial Services, culminating a 15-month process that transforms the company into the largest credit card issuer by loan volume in the United States. Capital One Completes Acquisition of Discover The transaction, first announced on February 19, 2024, received final regulatory clearance last month […]
Institutional FX
Digital Money Takes Over as Just 24% of Euro Payments Are in Cash, European Central Bank Says
25
May
May
The European Central Bank (ECB) is now advancing its digital euro project, hoping to restore control over retail payments while enabling innovation in both consumer and wholesale transactions. In a speech by Piero Cipollone, a Member of the ECB’s executive board, the initiative reflects mounting concerns that Europe’s reliance on non-EU payment platforms threatens its […]
Amid more friendly crypto regulations in the US, Crossover Markets, the crypto asset trading technology firm, is preparing to launch its services for US clients for the first time, the company announced in a post on X. Founded in 2022 by foreign exchange veterans Brandon Mulvihill, Anthony Mazzarese, and Vladislav Rysin, the London-based company has […]
The rise of prop trading has reshaped how retail traders enter the market—and what they expect from the companies that serve them. While brokers once held the dominant position in onboarding new traders, prop firms have captured the imagination of the next generation. Yet, despite this shift, most brokers remain on the sidelines of the […]
Institutional FX
CME’s FX Marketplace Posts $1.4 Billion Daily Volume, Attracts 40 Clients in First Month
25
May
May
CME Group’s new FX spot marketplace reported a surge in trading to $1.4 billion in a single day, attracting over 40 active clients within its first month. More than 20 of those clients were reportedly banks that had never previously traded FX futures. Bridging OTC and Futures to Fill Liquidity Gaps FX Spot+ uses implied […]
Clear Street launched its own outsourced trading desk, tapping former UBS executive Morgan Ralph to lead the expansion from its new office at 4 World Trade Center. Through its latest offering, Clear Street aims to combine real-time trading tools with better execution services for hedge funds, asset managers, and family offices seeking to optimize operations […]
As volatility continues to challenge global markets, U.S. regulators are sharpening their focus on the systems designed to prevent chaos. In a new advisory, the Commodity Futures Trading Commission (CFTC) reminded exchanges and clearinghouses of their obligations to manage sharp market swings with clear, disciplined measures. The staff advisory, issued jointly by the CFTC’s Division […]