Brokerage News & Updates

I had a chance to look at what might be the future of ESG investing last week in the company of Edward Soffer, ESG manager for Interactive Brokers. Edward is based in the US and is working on some very interesting and exciting projects he was kind enough to walk us through one of these.

The European arm of Royal Bank of Canada, RBC Capital Markets, has published a research note on spread betting broker IG Group and the bank’s analysts like what they see. What is RBC saying about IG Group? RBC’s base case is that IG Group is fundamentally undervalued at its current level, the shares were trading

US investment bank Jefferies has published a research note on the UK’s largest and some argue best investment platform, Hargreaves Lansdown. Jefferies has updated their coverage of Hargreaves Lansdown in an 11-page note the upshot of which is that the broker has downgraded the investment platform to underperform from its prior rating of hold, and

IG Group, the largest of the UK listed online trading platform published its third-quarter revenue update this week. What information was contained in the report? The report provided the markets with an insight into the current performance of the business, as it covered the period up until the 28th of February, which represents the third

CMC Markets the CFD broker and forex trading platform announced its intention to buy its own stock in the market, with an RNS announcement on March 2nd, and it will spend up to £30 million on the purchase of CMC Markets stock which trades in London under the ticker CMCX. In its inaugural trade, on

Hargreaves Lansdown the UK’s largest D2C savings and investment platform has raised the interest rate available to new Cash ISA customers. Hargreaves Lansdown cash ISA interest rates Hargreaves Lansdown has raised the interest rates that new customers can expect to receive on cash ISAs at the firm. The rate has been hiked by 20 basis

Interactive Brokers the US online trading platform and investment account that has an active presence in the UK, Europe and Asia has launched a new mobile trading tool designed to simplify trading in stocks around the globe. Interactive Brokers has launched a new trading app called IBKR GlobalTrader which can be downloaded for free from

Currencies Direct the online currency broker and money transfer app based in London’s Canary Wharf has received a substantial vote of confidence from one of the world’s largest Private Equity investors. Blackstone invests £140m in Currencies Direct Currencies Direct will receive a capital injection of £140.00 million from funds that are managed by Blackstone, the

Moneyfarm the pan European digital wealth manager is trying to entice clients onto the platform with a new and potentially lucrative offer. Moneyfarm cashback offer Moneyfarm is offering new customers the opportunity to receive cash back for opening a new account with the firm. The offer is tiered with rebates rising in line with the

Commission-free share dealing platform, Freetrade, is venturing into the world of stock lending, a move that it says will help to support its low-cost trading and investing operations. Freetrade prepares the ground for a move into stock lending Freetrade has written to its customers introducing new terms and conditions which include a section notifying clients

Freetrade, one of the fast-growing commission-free stock brokers claims to change the way we trade stocks and shares has been sanctioned by the FCA and is banned from social media promotions. Freetrade social media ban Freetrade has received a supervisory notice from the UK regulator which showed that Freetrade had been contacted by the FCA

Interactive Brokers, the low-cost stockbroker that has operations in London, Europe and Asia has launched a tax-effective savings and investment vehicle for its UK customers. Interactive Brokers Stocks & Shares ISA The low-cost broker has launched a Stocks and Shares ISA. The ISA will allow UK taxpayers to invest in a wide range of ISA

CFD broker XTB has introduced commission-free CFDs on more than 2000 stocks from around the world. XTB zero commission CFDs Unlike Spread Bets, which are often priced as that futures contracts. That is, with the cost of carry, spreads and other factors included at the outset. CFDs have typically been priced at the spot, or

Hargreaves Lansdown the UK’s largest D2C investment and share trading platform, published interim results for the 6 months until the end of Dec 2021, this morning. Client funds up 17% The earnings release showed net new business of £2.30 billion taking assets under administration to £141.20 billion, a gain of +17.0% over the same period

PrimaryBid, the London Stock Exchange-backed platform that enables people to invest in IPOs and secondary placings, in UK and European shares, have taken a big step towards realising their ambition. PrimaryBid Series C Fundraising from Softbank PrmaryBid has raised $190.0 million in new funding from venture capital backers including SoftBank’s Vision Fund II, Japanese based

CMC Markets has launched a new Alpha initiative for active clients and with reduced spreads and perks for high volume traders. What is CMC Markets Alpha? CMC has launched Alpha a sort of members club for traders. Membership comes with a number of benefits that are designed to allow clients, to get more out of