Brokers News Platforms 

Why We Need to Start Expanding Financing Options…

“The application is a blockchain-based, peer-to-peer mortgage lending platform” writes Guest User for livebitcoinnews.com. Firstly, to modernize the outdated mortgage lending system to make it more efficient, cost-effective, and customer-centric.Homelend is a mortgage crowdfunding platform that is working hard to refresh the archaic process of taking out a mortgage and disrupt the current $31 trillion global market.It enables borrows to easily apply for a loan, track their application status at all times, and even interact directly with mortgage lenders at any time of their choosing. Source: livebitcoinnews.com Share This:

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Brokers News 

E*TRADE Reports Record DARTs For Q1 but Sees Moderation in April

“E*TRADE Reports Record DARTs For Q1 but Sees Moderation in April E*TRADE’s stock was inching higher in trading Friday after the company reported first quarter results that beat Wall Street views and posted record daily average revenue trades (DARTs) as volatility in the stock market drew out more active traders” writes Donna Fuscaldo for investopedia.com. The CEO said that the recommendation will come in October when the company reports third quarter results.During the quarter, E*TRADE Financial Corporation (ETFC) saw a 3% increase in net new brokerage accounts, adding 59,685, and…

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Brokers News 

Why are Tier 1 banks so afraid of direct FX counterparties? Bank of England gives first ever settlement account to non-bank firm

“Indeed, so difficult is the maintenance of prime brokerage agreements between the Tier 1 bank and non-bank OTC derivatives business that only a handful of genuine prime of prime brokerages exist to this day” reports financefeeds.com. This direct settlement agreement represents the very first of its kind globally, with Transferwise now positioning itself as the first non-bank payment service provider to be granted a settlement account with the Bank of England’s Real Time Gross Settlement (RTGS) system.This has created more than a degree of nervousness among non-bank institutional liquidity providers,…

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Brokers News 

OANDA adds One Tap & Hold Trading option to mobile app for Android devices

“Multi-asset trading expert OANDA has earlier this month released a new version of the OANDA fxTrade mobile application for Android-based gadgets” reports financefeeds.com. In January this year, the OANDA fxTrade app for Android devices got equipped with a new Trading Performance tool available on traders’ live V20 trading accounts.OANDA’s fxTrade mobile app provides traders with access to live, real-time prices to trade major, minor and exotic instruments on CFD, forex, and precious metals markets.In the meantime, the broker is expanding the capabilities of its mobile app for iOS devices too. Source: financefeeds.com…

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Brokers News 

Interactive Brokers’ earnings rise in Q1 2018 on the back of higher commissions

“Net interest income increased 56% as average customer credit and margin loan balances and benchmark interest rates increased from the year-ago quarter” reports financefeeds.com. Excluding other comprehensive income, Interactive Brokers reported diluted earnings per share of $0.63 for the quarter, compared to diluted earnings per share of $0.34 for the same period in 2017.Income before income taxes was $340 million in the first quarter of 2018, compared to income before income taxes of $213 million for the same period in 2017. Source: financefeeds.com Share This:

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Brokers GBP News 

National security warning for British firms dealing with Chinese telecoms giant ZTE

“British firms are being warned not to do business with one of China’s leading companies over “potential risks” to national security” writes Kallum Pickering for telegraph.co.uk. The National Cyber Security Centre (NCSC) has written to UK telecoms providers to warn against ZTE after it was linked to selling US equipment to Iran and North Korea.Dr Ian Levy, Technical Director of the National Cyber Security Centre, said: “It is entirely appropriate and part of NCSC’s duty to highlight potential risks to the UK’s national security and provide advice based on our technical expertise.…

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Brokers News 

Hong Kong brokerages rush to comply with new SFC rules on cyber risks

“A growing number of Hong Kong online trading companies are seeking to comply with the new rules outlined by the Securities and Futures Commission (SFC) on cyber risks” reports financefeeds.com. The rules also require from online trading companies to outline contingency plans for cyber incidents. Source: financefeeds.com Share This:

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Brokers News 

How economics can help solve South Africa’s crime problem

“South Africa is notorious for its high crime rate, a reflection of its economic inequality and racial tension” writes Sowetan Gallo Images for cnbc.com. Transforming society, empowering people and dealing with underlying poverty all must be considered in tackling South Africa’s crime, he added.”We can’t deal with crime as an isolated incident, we need to look at the totality,” Kingsley Makhubela, chief executive of the nation’s marketing platform Brand South Africa, said.However, there is an economic dimension to solving the problem, a prominent business voice in the country told CNBC…

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