Acuity Trading Enhances MetaTrader with Push Notifications
Acuity Trading has introduced a new Push Notifications feature for MetaTrader platforms, enhancing the trading experience for users of the MetaTrader 4 and 5 mobile apps.
This feature allows traders to receive instant alerts, streamlining the process of order placement and trading. Brokers can customize alerts based on confidence levels for trade ideas, leading users directly to detailed information and market charts.
“Why enable Push Notifications? With them, users reduce the number of steps needed to place an order or a trade via their MetaTrader apps,” the company explained.
eToro's SpaceTech Portfolio: Investing in the Final Frontier
eToro has launched SpaceTech, a portfolio that offers retail investors a gateway to the burgeoning space industry, currently valued at $447 billion and expected to exceed $1 trillion by 2030. The portfolio includes a diverse range of companies, from aerospace and defense giants to satellite communication firms.
With a minimum investment of $500, investors can gain exposure to this high-growth sector through a carefully curated selection of 30 stocks, each representing an equal portion of the portfolio. This initiative reflects eToro's commitment to providing innovative investment opportunities in emerging industries.
“Since Neil Armstrong’s historic moon landing in 1969, humanity’s fascination with space has only intensified,” Dani Brinker, the Head of Investment Portfolios at eToro, commented. “Over the past six decades, this drive for cosmic exploration has led to the development of new technologies that have improved ‘terrestrial’ industries like telecommunications and geolocation services, while also creating new industries like space tourism.”
Travelex Appoints New Global Retail Director
Travelex has appointed Jackie Uhi as the Global Retail Director to spearhead the company's retail strategy and international market growth. Uhi, with extensive experience in retail banking, will oversee more than 1,100 stores and 900 ATMs worldwide. Travelex aims to enhance customer convenience and value through innovative retail solutions like ATM click-and-collect services and automated currency kiosks.
The company's expansion efforts have already created over 1,200 new jobs, with more store openings planned. Cameron Hume's transition to Global Wholesale Director marks a strategic move to bolster Travelex's wholesale operations, particularly in the Asian market.
Broadridge Introduces AI-Enabled Tools for Strategic Asset Management
Broadridge Financial Solutions has launched DistributionAI and Global Demand Model, AI-enabled tools designed to help asset managers make strategic decisions. DistributionAI allows for natural language analysis of global asset management trends, while the Global Demand Model provides insights into current and future product demand by tracking over $100 trillion of global assets.
These tools represent Broadridge's commitment to leveraging AI for innovative client solutions, enabling asset managers to navigate the competitive landscape with data-driven confidence.
“DistributionAI and Global Demand Model are the latest examples of Broadridge’s ability to harness AI-enabled analytics to create innovative solutions for clients,” Nigel Birch, the Global Head of Product, Data and Analytics at Broadridge, said. “These powerful new technologies are super-charging data analysis and making it much quicker and easier for asset managers to interpret and apply data-driven insights across critical decision-making functions.”
Securities Fraud Trial Date Set for Christine Yeung
The Eastern Magistrates’ Court of Hong Kong has scheduled Christine Yeung's trial for employing a fraudulent scheme in securities transactions and illegal short selling. Yeung has pleaded not guilty to the charges, marking the first prosecution of its kind by the Securities and Futures Commission (SFC).
The case centers on allegations of fraudulent activities involving Yeung and Aristo Securities Limited in May 2020. Yeung has been granted bail as she awaits trial.
“The SFC alleges that, between 27 May 2020 and 28 May 2020, Yeung, together with other people unknown, employed a scheme to defraud or to deceive her broker Aristo Securities Limited by, inter alia, submitting a false settlement instructions form to it for her securities transactions,” the statement revealed.
UBS Shares Surge on Strong Underlying Profit
UBS shares have risen 4% following the announcement of a significant underlying operating profit of $844 million, surpassing consensus expectations. Despite a net loss of $785 million due to expenses from the Credit Suisse integration, UBS's performance in wealth management, asset management, and corporate banking showed marked improvements.
The bank's liquidity remains robust with a CET1 capital ratio of 14.4%. UBS CEO Sergio Ermotti highlighted the bank's progress in integration plans and the positive client inflows as key factors in the bank's resilient performance.
“We are executing on the integration of Credit Suisse at pace and have delivered underlying profitability for the Group in the first full quarter since the acquisition,” Sergio P. Ermotti, the CEO of UBS Group, commented. “Our clients have continued to place their trust and confidence in us, contributing to strong inflows across wealth management and our Swiss franchise.”
