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The distinct advantage a trusted financial platform can bring

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Whenever you are outlaying any form of capital, you want to ensure that the person or institution you are paying will be around, well and truly after the transaction has been completed, and for many years to come.

This can provide you with the comfort you desire.

The last thing a person wants to feel is insecure, especially when handing large quantities of hard-earned money to invest in a product or company.

So, what features should you look in a broker for when wanting to acquire stocks in a publicly company such as those on the stock market, no matter their location around the world?

Firstly, you want to check that your broker has a strong capital position, meaning it can handle the transaction and the order execution. You wouldn’t want to place your money into a broker account that can’t guarantee your funds will be safe, or that the order will be completed as per your wish.

Holding over $10billion in capital gives Interactive Brokers a distinct advantage, as they are one of the biggest handlers of equity and capital worldwide. And also having $7.1b in excess regulatory capital means you can rest assured the company won’t be going anywhere, any time soon.

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Seeing if the broker is also listed on the stock market exchange can provide extra confidence, as many regulatory hurdles have had to be jumped through, just to list. In the case of Interactive Brokers (NYSE:IBKR), the company is listed on the Nasdaq.

If a company listed on a stock exchange, and operating around the world, it also means that anywhere there is an outlet, they have to be regulated and comply with that jurisdiction’s terms and conditions.

Knowing there are 1.7million clients all over the world who use the Interactive Brokers service also instills confidence, that the financial management company will be around, not only after your stock order is executed, but also after it is sold (hopefully a long time down the track).

Performing around 2.5m daily average revenue trades (or DARTs) also gives assurances that you are not the only person to rely on Interactive Brokers for their services.

For more information about Interactive Brokers, head to this website.

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Money

France receives lowest credit rating due to crisis

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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In Short:
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch Ratings has downgraded France’s credit rating from AA- to A+, the lowest ever recorded, amid ongoing political and fiscal challenges.
The decision comes shortly after Prime Minister François Bayrou was removed in a vote of no confidence regarding his €44 billion austerity plan.
President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.Banner

Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.

The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.

Political Instability

The new prime minister faces a divided parliament and must secure budget approval by October 7.

The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.


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Money

Trump moves to fast-track removal of Fed governor Lisa Cook

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The White House is set to fast-track a ruling on firing Federal Reserve Governor Lisa Cook, just days before the crucial FOMC meeting.

The move comes as markets reel from surging inflation, weak jobless data, and global currency shifts, raising questions about the Fed’s independence and the stability of policy decisions.

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ANZ job cuts spark banking clash

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.

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ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.


ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.

The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.

#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews


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