The Pound Sterling (GBP) gains sharply against the majority of its peers on Wednesday as data from the United Kingdom (UK) Office for National Statistics (ONS) showed inflation accelerated more than expected in October.
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November 20, 2024 12:08 pm | FOREX NEWS
The Pound Sterling (GBP) gains sharply against the majority of its peers on Wednesday as data from the United Kingdom (UK) Office for National Statistics (ONS) showed inflation accelerated more than expected in October.
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November 20, 2024 11:57 am | FOREX NEWS
Function: Counter Trend (Intermediate degree, orange). Mode: Corrective.
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November 20, 2024 11:46 am | FOREX NEWS
Despite an escalation in the Russia-Ukraine war, there has been limited impact on oil prices.
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November 20, 2024 11:27 am | FOREX NEWS
UK inflation rose more than forecast in October coming in at 2.3% on a yearly basis, spreading doubts over the BoE’s next rate cut move.
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November 20, 2024 11:20 am | FOREX NEWS
The race to acquire new customers is as expensive as it is competitive for brokers and financial services companies. To grow their customer base, brands pour a significant portion of their marketing budgets into various user acquisition strategies to attract and convert traffic to leads. That traffic that comes to the landing pages and/or website, whether paid or organic, is anonymous, which makes it difficult for marketers to understand who they are, what interests them, and how they interact with the site’s content. Essentially, if the lead doesn’t register, it’s lost as there is no way to interact with it, other than doing some retargeting.
This is the pre-registration problem marketing managers know all too well. Without capturing and leveraging the right information or understanding how visitors interact with your content on the website or app and being able to respond personally, it’s difficult to assess their financial needs, trading preferences, or risk appetite. Brands are squandering engagement, conversions, and the opportunity to win users’ loyalty in the long term.
In such a highly competitive market such as trading, the damage is three-fold for brokers and FinTechs:
1) Missed conversions, potentially lost to competing brands
2) Higher Customer Acquisition Costs (CAC)
3) Lost revenue and traders’ lifetime value (LTV)
That’s why illuminating the blind spot of anonymous visitors and seizing the opportunity to convert them and earn their loyalty is critical for financial brands to grow and succeed.
Harnessing the anonymous visitor potential
To address the anonymous visitor issue, companies are turning to advanced website tracking and conversion solutions. But just as with post-conversion engagement, the effectiveness and speed with which marketers can access and use those insights is key.
One unique Customer Engagement Platform that has been pioneering data management for financial companies is Solitics, whose Visitor Activation Module tackles the challenge of converting anonymous visitors head-on, enabling companies to personalise a user’s journey pre-registration.
The platform uses unique identifiers to capture anything an anonymous visitor does – or doesn’t do – on the website or mobile app and enables brands to respond live to this timely and critical data. At the pre-registration stage, an anonymous visitor can be engaged with pop-ups, push notifications, or even a gamified widget.
For example, take a user that has started but delays completing the registration form, or decides to turn attention elsewhere on the website or app. The broker can then interact with the visitor by raising a pop-up with the top-performing assets (i.e. potential ‘revenue alert’), or introduce the latest analytics based on a real-time market event (i.e. AMZN just released quarterly reports – analysts’ recommendation: BUY). Such an approach will create FOMO, or alternatively promote a sense of trust with the brand, and therefore guide them toward registration and conversion.
Marketers who use Solitics are able to create contextualised acquisition journeys based on raw user actions within fractions of a second, continue to personalise their engagement post-conversion, and measure their effectiveness, through new registrations, new deposits and revenue.
Personalising the journey for every visitor
Brokers and banks are using the Visitor Activation Module’s data-driven personalisation to create tailored experiences based on their actions, even before they register – helping to target and engage them most effectively.
For example, if a non-registered visitor shows interest in a particular asset, such as a stock, the broker can instantly trigger a pop-up based on this action offering exclusive value-added content such as the latest activity report on that stock, or an incentive to register for an upcoming trading webinar. For prospective traders, this not only increases their knowledge and confidence but also kickstarts a positive relationship with the broker and encourages them to register.
Personalised engagement doesn’t just end at registration. Once a visitor becomes a registered user, Solitics’ self-learning platform continuously gathers and applies data to ensure that each promotion or offer stays relevant and timely – enhancing their experience and boosting engagement throughout the customer lifecycle.
Turning meticulous attribution into smart marketing decisions
Key to making the most of data insights is the ability to easily access them and precisely attribute user activity so that the performance of customer journeys can be accurately measured. Solitics’ Visitor Activation Module includes an advanced analytics dashboard that provides detailed insights into user behaviour, campaign effectiveness, and conversion rates.
The dashboard allows marketers to track the performance of their campaigns in real time, making it easier to identify gaps fast and which KPIs they affect. These granular insights empower marketers to fine-tune user journeys all along the way and maximise the impact of each interaction.
By being able to act Live on relevant anonymous user behaviour data, companies can:
● Increase conversion and registration rates
● Increase overall return on ad spend (ROAS)
● Reduce their Customer Acquisition Costs
● Improve ROI from their marketing automation investments
● Set the stage for optimal engagement post-conversion and improve Lifetime Value
Continuously redefining how brands can manage data to enhance customer engagement
While many solutions in the market focus primarily on post-registration engagement, Solitics takes customer engagement a step further by empowering brands with the ability to intelligently target visitors from the moment they first engage with their website or app.
Their Visitor Activation Module allows businesses to expand data-driven and personalised journeys beyond registered users, converting anonymous visitors into valuable customers.
About Solitics
Solitics is the world-leading Customer Engagement Platform that enables brokers to automate real-time hyper-personalized journeys across their traders’ lifecycle—from conversion to reactivation. Solitics’ unmatched AI data aggregation and processing technology empowers brokers to respond Live to all traders’ portfolio performance and contextually leverage Market events in 1.8 seconds or less, enabling true holistic and multichannel Visitor Activation, Retention and Gamification. With the fastest contractual time to value in the market, Solitics completes the integration in 45 days, enabling partners and clients to see outstanding results across their conversion, retention, and LTV.
To find out more about how Solitics can turn website visits into conversions via its Visitor Activation Module, visit this link.
This article was written by FM Contributors at www.financemagnates.com.
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November 20, 2024 11:01 am | FOREX NEWS
On the final point, roughly 83% of economists are of the view that China’s recent fiscal and monetary stimulus measures have had “very little impact on the economy”. That goes to show the sort of disappointment from the hype from the announcements leading up to the Golden Week, before the lack of follow through.
This article was written by Justin Low at www.forexlive.com.
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November 20, 2024 10:50 am | FOREX NEWS
The
National Futures Association has filed a complaint against NinjaTrader Clearing
and its president Michael Cavanaugh, alleging significant failures in
anti-money laundering (AML) controls and suspicious activity monitoring at the
Chicago-based futures commission merchant.
NFA Files Complaint
Against NinjaTrader over AML Violations, Prison-Linked Trading
The
regulatory action targets NinjaTrader’s handling of multiple suspicious
accounts, including one linked to an imprisoned individual and another
involving potential unregistered trading operations. NFA states, “These telephone communications with Individual 2 appear to have
occurred while he was in prison.”
The firm,
which manages approximately 85,000 accounts and maintains over $22 million in
excess net capital, allegedly failed to properly investigate numerous red flags
despite its rapid growth following several acquisitions.
“During the
2023 exam, NFA reviewed a sample of five alerts on the Daily Red Flag report
generated on February 13, 2023 and found the firm failed to conduct enhanced due diligence with respect to two accounts on the report, despite
unusual activity involving them,” the regulator commented.
NinjaTrader
Clearing is a subsidiary of NinjaTrader Group, the company behind a popular
retail trading platform specializing in futures markets. Cavanaugh has served
as its President for nearly four years. Two months ago, the company also appointed
the former Charles Schwab Director as another C-level executive.
Key NFA’s Allegations
In one
notable case, NinjaTrader allegedly failed to properly investigate an account
belonging to a 20-year-old who reported income and net worth below $50,000 but
managed to deposit $82,000 within months of opening the account.
The account
was connected to an individual serving prison time for money laundering, who
was recorded placing trades despite explicit instructions prohibiting his
involvement.
The
complaint highlights systematic deficiencies in NinjaTrader’s compliance
infrastructure, including:
Historical Context
This isn’t
the first time the firm has faced regulatory scrutiny. Prior to its acquisition
by NinjaTrader Group LLC in
December 2020, the company’s predecessor, York Business Associates LLC
(doing business as TransAct) was sanctioned by both the CFTC and NFA for
similar supervisory failures. The incident occurred 12 years ago, and the CFTC
imposed a fine of just under $200,000 on the company.
„Specifically,
the CFTC order finds that from about October 2007 to at least February 2008,
TransAct’s employees failed to follow-up sufficiently on “red flags” concerning
suspicious activity,” CFTC commented in 2012.
More than a
decade later, the CFTC has again imposed a penalty on NinjaTrader, citing
alleged mishandling of fraudulent accounts. As part of the settlement,
NinjaTrader Clearing agreed
to pay a $750,000 civil penalty and $233,425 in restitution to fraud
victims.
.@CFTC Orders Illinois Futures Commission Merchant to Pay More Than $980,000 for Supervision Failures: https://t.co/GV2brdqBOW
— CFTC (@CFTC) September 23, 2024
The CFTC
reported that the Illinois-based futures commission merchant failed to exercise
due diligence in supervising employee actions related to managing suspected
fraudulent accounts. Despite a statutory restraining order requiring immediate
freezing or restriction of these accounts, the firm reportedly failed to act
promptly, leading to further regulatory action.
According
to the NFA, NinjaTrader added over $192 million in customer funds between
August 2021 and May 2022, primarily through acquisitions and bulk transfers
from other firms.
This article was written by Damian Chmiel at www.financemagnates.com.
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November 20, 2024 10:42 am | FOREX NEWS
The EURUSD pair shows signs of recovery after a precipitous collapse, supported by heightened geopolitical tensions in Eastern Europe and declining US Treasury yields. Let’s discuss this topic and make a trading plan. Major Takeaways Geopolitical risks have boosted demand for safe-haven assets. Falling Treasury yields have deprived the US dollar of its key advantage. The Fed will start reacting to Donald Trump’s policies earlier. The EURUSD pair’s pullback is a great selling opportunity, with the target at 1.03. Weekly US Dollar Fundamental Forecast The Trump trade is losing momentum, which, when coupled with rising geopolitical risks in Eastern Europe, allows… Read full author’s opinion and review in blog of #LiteFinance
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November 20, 2024 10:39 am | FOREX NEWS
EUR/USD continues to face pressure near 1.0600 in Wednesday’s European session, struggling to extend recovery since Friday.
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November 20, 2024 10:31 am | FOREX NEWS
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Yesterday, oil reached the resistance (A) 69.84 – 69.54. Major Takeaways USCrude: oil is trading in a short-term downtrend and is testing the resistance (A) 69.84 – 69.54. XAUUSD: gold is testing the resistance (B) 2631 – 2623. Consider short trades near this zone. EURUSD: the euro is trading in an upward correction within the short-term downtrend. Oil Price Forecast for Today: USCrude… Read full author’s opinion and review in blog of #LiteFinance
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November 20, 2024 10:27 am | FOREX NEWS
Besides that, the ECB also warns of the necessity to implement more prudent fiscal policies. That especially for the likes of France and Italy, who would be borrowing at much higher interest rates in the coming years.
This article was written by Justin Low at www.forexlive.com.
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November 20, 2024 10:27 am | FOREX NEWS
The USD/CAD pair holds ground after two days of losses, trading around 1.3970 during the European hours on Wednesday.
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