One of Asia's largest hedge funds, Aspex Management, posted a loss of about 16% ​in October when a selloff in AI-linked stocks ‌rattled global markets, a person with knowledge of the matter said.

Indian shares are expected to break their winning run on Friday as a rout in global markets triggered a cautious undertone for investors as they assessed the impact of ​the US Democratic win on AI ...

Two Federal Reserve officials on Thursday made a case for modest and steady interest rate increases to tackle above-target inflation, in the first round of comments from central bankers after ...

Wall Street’s most closely ​watched gauge of market anxiety logged its biggest intraday jump in more than 18 months ‌on Thursday as steep losses in chip and data center-related stocks dragged down ...

Democrats' sweeping midterm election victory unleashed a rout of tech stocks on Thursday, with investors worried the party will use its gains in ‌state capitols and the US Congress to impose new ...

The dollar held steady against major currencies on Friday, after a sharp selloff in US equities drove investors toward haven assets such as the yen and pushed Treasury yields lower ahead of a closely ...

Brad Conger, chief investment officer with Hirtle & Co., called Thursday's (November 5) stock selloff, driven by AI-related jitters, "great news," saying that medium- and long-term investors will be ...

Brian Chong, Head of Sales, Finalto Asia, brings 18 years of financial services experience spanning online trading, institutional sales and wealth management across Sydney, London and Singapore. He examines the interpersonal aspects of client relationships and opportunities to enhance the firm’s products and…

Oil, chip stocks and the dollar were under pressure ​in Asia on Thursday and just about everything else was up after US voters swept the ‌Democrats to a series of stunning midterm election wins, a ...

Democrats' sweeping midterm election victory unleashed a rout of tech stocks on Thursday, with investors worried the party will use its gains in ‌state capitols and the US Congress to impose new ...

South Africa’s Financial Sector Conduct Authority has made the withdrawal of Mixirite’s financial services licence final, citing material breaches of financial sector laws and concerns over the company's treatment of clients. London's trading industry is coming home! The decision takes immediate effect. The FSCA said…

The Financial Industry Regulatory Authority has fined Webull Financial LLC $4.2 million for failures in its anti-money laundering, identity theft prevention and best execution programmes. London's trading industry is coming home! FINRA found that Webull approved more than 120,000 customer accounts between January…

The Swiss National Bank's monetary policy has dealt with a broad range of global crises in recent years and kept ​Swiss inflation broadly on target, Chairman Martin Schlegel said on ‌Thursday.

BGC Group's third-quarter net income more than doubled, the New York-based interdealer broker said today (Thursday). Record revenue and a one-off gain from selling two prediction-market units to Fanatics both lifted the result. Net income for fully diluted shares rose to $68.7 million from $26.8 million a year…

Europe must build up stocks of critical raw materials to reduce its ​dependence on countries that dominate their ‌extraction and processing, German Chancellor Friedrich Merz said on Thursday.

The FCA has finalised changes to the UK's transaction reporting regime following a consultation last year. The regulator estimates that the industry currently spends £493 million annually on transaction reporting and expects the reforms to save more than £100 million a year. These are arguably the most significant…

Born2trade , an international forex and CFD broker, today launched Nano (Cent), a new cent account built on the same foundation as the broker's flagship Dynamic account. Nano is now live for forex and gold trading. Nano pairs Dynamic's trading conditions with cent-based volumes, making it suited to smaller position…

Virtu Financial reported a sharp increase in third-quarter revenue and profit, with its Market Making business driving most of the improvement. The company also announced plans to change its state of incorporation from Delaware to Texas. Total revenue rose 39.9% year over year to $1.15 billion in the three months…

There are a number of areas of retail trading where AI could deliver a real competitive advantage. One obvious example is customer acquisition and retention, where AI assistants can help brokers attract technically sophisticated traders, increase engagement and reduce churn. London's trading industry is coming home!…

DBS Group is weighing a move into prime brokerage for hedge funds and other institutional investors, its chief executive, Tan Su Shan, said today (Thursday). She spoke at a briefing on third-quarter results in which the Singapore bank's markets trading income fell 65% from a year earlier. A prime broker finances…