Latest news with #Monex
Hindustan Times
8 hours ago
- Business
- Hindustan Times
Silver prices dip slightly in US; spot at $36.44 per ounce
Silver prices in the US edged down on Friday, with the spot price around $36.44 per ounce, based on Reuters report. At the same time, other platforms showed slight differences in prices. Silver prices in the US dropped down on Friday, with the spot price around $36.44 per ounce.(Unsplash) Monex listed silver at $36.59, and JM Bullion showed it at $36.15. These small gaps are normal due to timing differences in live market updates. Yesterday, the price of silver reached about $36.49 per troy ounce, as reports. Apart from that, Spot gold fell 1.3% to $3,283.56 per ounce by 0839 GMT—its weakest since late May. Gold has now lost over 2% this week and more than $200 since its all-time high back in April. futures were also down 1.6% to $3,295.70. O .Yesterday, the price of gold in US was $3,330 per ounce. Other metals also saw price shifts Platinum fell 3.8% to $1,363.66 after reaching a peak not seen since 2014. Palladium slipped 0.2% to $1,129.98. According to Commerzbank, the jump in platinum earlier this week may have been due to its price gap with gold, which some investors now see as overpriced. Also Read: Silver prices today in US rise sharply to $36.29 on June 26, 2025 Global tension eases as Iran-Israel ceasefire The easing of global tensions is one reason for gold's slide. The Iran-Israel ceasefire, arranged earlier this week by US President Donald Trump, remains in place. In another development, a White House official said Thursday that the US and China have reached an agreement to speed up shipments of rare earths to the US Other metals also saw price shifts. Platinum fell 3.8% to $1,363.66 after reaching a peak not seen since 2014. Palladium slipped 0.2% Palladium slipped 0.2% to $1,129.98. According to Commerzbank, the jump in platinum earlier this week may have been due to its price gap with gold, which some investors now see as overpriced.
Finextra
08-05-2025
- Business
- Finextra
Monex adopts Broadridge SaaS platform for Jasdecps
Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that Monex, Inc., a leading online brokerage firm, has chosen to migrate its current JASDECPS system to Broadridge's advanced cloud-based SaaS platform. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This strategic shift, scheduled to go live in May 2026, comes as Monex, Inc. prepares to meet the stringent demands of the JASDEC2025 market initiative while optimizing operational efficiency and resiliency. "Monex, Inc.'s history with Broadridge has been one of innovation and mutual growth, and this transition to a SaaS environment will allow Monex, Inc. to provide more stable services and flexibly adapt to Japan's evolving financial landscape," said Motoki Kitamura, Expert Director of Operations at Monex, Inc. "We have great trust in Broadridge's expertise, and with their support, Monex, Inc. will continue to deliver exceptional value to the clients." Originally launched on Broadridge's JASDECPS in 2016, Monex, Inc. will enhance its system capabilities by transitioning to a SaaS model, eliminating the burdens and costs associated with hardware procurement and system maintenance. This transition will empower Monex, Inc. to focus resources on business growth rather than IT management, aligning perfectly with the increasing market demands and competitive pressures within Japan's financial landscape. "Monex, Inc.'s decision to transition to our cloud-based SaaS platform marks a significant step in optimizing their core operations and increase operational resiliency while remaining compliant with evolving market standards," said David Runacres, President of APAC and Senior Country Officer of Japan at Broadridge. "This move underscores Broadridge's ability to deliver transformative technology and trusted expertise to Japan's financial and regulatory environment. We are committed to supporting Monex, Inc. as they embrace this transformative journey, enabling them to maximize cost efficiencies, operational resilience and resource allocation." By integrating into Broadridge's SaaS data center, Monex, Inc. will benefit from streamlined IT processes, including release management of regular upgrades, thus ensuring seamless access to the latest functionalities of the JASDECPS solution. This also translates to resource efficiencies for system administration tasks, facilitating greater agility in responding to business and market dynamics. The move to Broadridge's SaaS platform reflects an industry shift towards cloud-based solutions, allowing brokerage firms to address cost pressures while focusing on new revenue streams. Broadridge remains at the forefront, supporting financial institutions through technological migrations and regulatory shifts without interrupting their business continuity, enabling clients to better innovate, operate and grow. As part of its commitment to local markets, Broadridge Japan integrates global standards with deep local insights, uniquely positioning itself to meet the exacting standards of Japan's financial industry. The synergy between Broadridge and Monex, Inc., underscored by a decade-long strategic partnership, exemplifies a collaborative approach to navigating the future of financial services. JASDEC is Japan's Central Securities Depository (CSD) for equities, corporate bonds, and investment trust settlements. Its upcoming JASDEC2025 system changes are set to go live by Q1 2026. JASDEC Processing Solutions (JASDECPS) allows firms to achieve straight-through processing (STP) covering the entire transaction lifecycle and ensuring compliance with JASDEC2025.
Zawya
08-04-2025
- Business
- Zawya
Sterling steadies as tariff firestorm abates
The pound was mostly steady on Tuesday, stabilising after several days of volatile trading from the market rout induced by U.S. President Donald Trump's wide-ranging import tariffs, which have raised the risk of a global recession. Prime Minister Keir Starmer on Monday said Britain would try to secure an economic partnership with the United States while also working to lower trade barriers with key partners around the world in the wake of Trump's tariffs. Sterling was last up 0.1% against the dollar at $1.2747, having slid around 1.4% from where it was before Trump unveiled his tariffs on April 2. UK exports to the United States will receive the baseline tariff of 10%, below the 20% that European Union exporters must pay, but this has not shielded the pound from the firestorm that has engulfed global markets in the last few days. Starmer also said on Monday that his government's first reaction to higher tariffs should not be to relax public borrowing rules. Almost all economists think Trump's tariffs will be negative for growth in the United States and Britain, but there is less consensus about the medium-term implications for UK inflation and government borrowing, which risk being negative for gilts. Indeed, 30-year UK gilt yields rose nearly 20 basis points on Monday, the most in a day since late 2022, when British markets were racked by then-prime minister Liz Truss's failed "mini-budget". FX broker Monex said the spike in gilt yields showed that the prospect of a loosening of the fiscal rules remained a "notable concern for markets". Higher bond yields usually support a currency, but when there is concern about the stability of a government's finances, this relationship can break down. Traders expect the Bank of England to cut rates when it meets in early May, in order to counter the effects of tariffs on an already slowing economy. What happens beyond that is far less certain. "Our long-term view remains that UK fundamentals are better than markets currently price, now helped by tariff differentials, while the government will ultimately choose not to scrap their fiscal rules with the memory of Liz Truss still fresh in the mind. For now, though, with sentiment still in the driving seat, sterling looks set to continue trading under pressure," Monex said. Also in the mix is the pound's status as a "high beta" currency: one that tends to rally and fall more than the broader market, much like the Australian and New Zealand dollars. As investors have ditched riskier, typically more volatile assets, the pound has come under pressure. Against the euro, which has benefited from the flight out of the dollar, , it has lost almost 3% in the last week.
Reuters
08-04-2025
- Business
- Reuters
Sterling steadies as tariff firestorm abates
Summary UK seeks economic partnership with US amid tariff tensions Sterling stabilises after volatile trading due to US tariffs Economists divided on UK's medium-term inflation and borrowing impact LONDON, April 8 (Reuters) - The pound was mostly steady on Tuesday, stabilising after several days of volatile trading from the market rout induced by U.S. President Donald Trump's wide-ranging import tariffs, which have raised the risk of a global recession. Prime Minister Keir Starmer on Monday said Britain would try to secure an economic partnership with the United States while also working to lower trade barriers with key partners around the world in the wake of Trump's tariffs. Sterling was last up 0.1% against the dollar at $1.2747, having slid around 1.4% from where it was before Trump unveiled his tariffs on April 2. UK exports to the United States will receive the baseline tariff of 10%, below the 20% that European Union exporters must pay, but this has not shielded the pound from the firestorm that has engulfed global markets in the last few days. Starmer also said on Monday that his government's first reaction to higher tariffs should not be to relax public borrowing rules. Almost all economists think Trump's tariffs will be negative for growth in the United States and Britain, but there is less consensus about the medium-term implications for UK inflation and government borrowing, which risk being negative for gilts. Indeed, 30-year UK gilt yields rose nearly 20 basis points on Monday, the most in a day since late 2022, when British markets were racked by then-prime minister Liz Truss's failed "mini-budget". FX broker Monex said the spike in gilt yields showed that the prospect of a loosening of the fiscal rules remained a "notable concern for markets". Higher bond yields usually support a currency, but when there is concern about the stability of a government's finances, this relationship can break down. Traders expect the Bank of England to cut rates when it meets in early May, in order to counter the effects of tariffs on an already slowing economy. What happens beyond that is far less certain. "Our long-term view remains that UK fundamentals are better than markets currently price, now helped by tariff differentials, while the government will ultimately choose not to scrap their fiscal rules with the memory of Liz Truss still fresh in the mind. For now, though, with sentiment still in the driving seat, sterling looks set to continue trading under pressure," Monex said. Also in the mix is the pound's status as a "high beta" currency: one that tends to rally and fall more than the broader market, much like the Australian and New Zealand dollars. As investors have ditched riskier, typically more volatile assets, the pound has come under pressure. Against the euro, which has benefited from the flight out of the dollar, , it has lost almost 3% in the last week.
