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The distinct advantage a trusted financial platform can bring



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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New York Stock Exchange in free fall



Human error sends the New York Stock Exchange tumbling

We’ve all made mistakes at the office from time to time, but spare a thought for one worker who may have single-handedly brought down the New York Stock Exchange with just one tiny error.

The mistake of one employee has wiped billions of dollars off the charts for some of the globe’s largest companies.

The individual reportedly triggered wild swings and volatility on the New York Stock Exchange.

A number of big brand names were caught up in the catastrophe. It included McDonald’s, Walmart, and Mobil.

The NYSE eventually came clean. Officials admitted the“root cause” of the screw-up was a “manual error” from a staff member in the backup data centre.

The employee accidentally left the system running.

That’s why some stocks behaved as if trading had already started, with no opening prices being set, sending the market into a meltdown. #trending #featured

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Toyota announce Koji Sato as new CEO



He’s the grandson of the founder, and a true titan of the industry.

But the question of who should replace Akio Toyoda at the top of Toyota had become a growing concern.

Now we have the answer.

The auto giant has announce its veteran boss would step down as chief executive, and become chairman.

Toyoda said he would be succeeded by chief branding officer Koji Sato from the start of April.

Sato says he loves making cars, and hopes to propel the company further down the Electric Vehicle path over the coming years. #Toyota

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Taylor Swift ticketing fiasco enters the U.S. Senate



Live Nation is in the firing line over its inability to stop scalper bots from purchasing Taylor Swift tickets

U.S. Senators have grilled the boss of Live Nation over the lack of transparency relating to concert tickets for Taylor Swift’s upcoming tour.

The entertainment company, which owns Ticketmaster is under fire after bots purchased tickets for Swift’s ‘Era Tour’ last year, in an attempt to resell them for a higher price.

Joe Berchtold is the chief financial officer of Live Nation, who apologised to the U.S. Senate Judiciary Committee hearing.

“We apologise to the fans, we apologise to Ms. Swift, we need to do better and we will do better.”

Senators criticised Live Nation’s fee structure and inability to deal with bots, which bulk buy tickets and resell them at inflated prices.

“There isn’t transparency when no one knows who sets the fees,” Democratic Senator Amy Klobuchar said.

Meanwhile, Republican Senator Marsha Blackburn called Live Nation’s bot problem “unbelievable”.

Ticketmaster reportedly occupies more than 70 per cent market share of primary ticket services for major U.S. concert venues.

“You ought to be able to get some good advice from people and figure it out,” Ms Blackburn said.

Ticketmaster cancelled sales of Swift’s tour to the public because of the “high demand”.

The entertainment giant reportedly sold over 2 million tickets, which is enough to fill 900 stadiums.

Taylor Swift said the situation was difficult, and called for accountability for music promoters.

“It’s really difficult for me to trust an outside entity with these relationships and loyalties, and excruciating for me to just watch mistakes happen with no recourse.

“I’m not going to make excuses for anyone because we asked them, multiple times, if they could handle this kind of demand and we were assured they could,” she said.

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