Weekly News Recap: Top Stories

26 Degrees Global Markets Launches Pairs CFDs for Simpler Trading Experience

Are you looking for a new and innovative way to trade in the financial markets? Look no further than 26 Degrees Global Markets’ latest offering – Pairs CFDs. These new products allow you to trade index vs. index, commodity vs. commodity, or equity vs. equity, similar to forex pairs, promising a simpler and more effective trading experience than traditional instruments.

Developed in-house, these new products are exclusively available to broker-dealers, who can then offer them to retail traders. With an initial launch of 20 Pair CFDs, 26 Degrees plans to expand its offerings based on client feedback. These instruments will be provided via API from trading servers in LD4, NY4, and TY3.

In the world of finance, there are always exciting developments happening. For example, Plus500’s revenue in Q2 of 2024 saw a year-over-year increase, while NAGA and CAPEX.com received regulatory approval for their merger. On the other hand, Australia’s Prospero Markets disclosed $25 million in claims after its closure.

Interactive Brokers experienced a plunge in forex deposits in the US, while delays in launching ForecastEx were attributed to administrative challenges. Additionally, the collaboration between Interactive Brokers and HSBC has resulted in a new global trading platform for clients in the UAE.

In the realm of technology, Myfxbook’s co-founder launched Marketlog, a new portfolio tracker, while NVIDIA’s CEO cashed in on a stock surge. Apple also made headlines by reaching a $3.5 trillion market cap, surpassing its rivals.

With so much happening in the financial and tech industries, it’s essential to stay informed and explore new opportunities for trading and investment. Whether you’re a seasoned trader or just starting, these developments offer a glimpse into the dynamic world of finance. Happy trading and have a great weekend!

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