Consensus Miami

The AI trade has always been a supply chain story. For the past two years, the narrative has been simple: insatiable demand for compute infrastructure, constrained supply at every choke point, and the companies that own the bottlenecks collect the toll. NVIDIA on GPUs. ASML on lithography. Samsung, SK Hynix, and Micron on memory. The entire semiconductor complex has traded on scarcity, and scarcity has delivered historic margins.

Interactive Brokers reported customer equity of USD 964.7 billion at the end of the third quarter, up 27% year on year, as customer accounts increased 35% to 5.58 million.

Crypto exchange BingX has secured a Markets in Crypto-Assets Regulation (MiCA) licence for its European arm from Austria's Financial Market Authority (FMA).

CXM Group has agreed to acquire TD Markets (Pty) Ltd, a Johannesburg-headquartered broker authorised by South Africa’s FSCA. TD Markets keeps its brand, team and licence, and Amar Ramith stays as CEO. Financial terms were not disclosed. The deal gives CXM a regulated base in South Africa. Clients need take no action.

Global equities under pressure: Hotter than expected US inflation and rising yields weighed on stocks, particularly technology and semiconductor shares.

Understand trading psychology and learn how a clear strategy, risk management and a trading journal help build discipline and day trading consistency.

Ripple Prime has launched support for real-world asset perpetual swaps, giving institutional clients including Virtu exposure to more than 100 reference markets across equities, indices, ETFs, metals, energy and FX. The swaps reference Trade.xyz perpetual futures on Hyperliquid and trade and settle around the clock.

iSAM Securities Apex has integrated with Crossover Markets, connecting brokers to CROSSx, its institutional digital asset ECN, through Apex’s ultra-low-latency technology stack.

Your Bourse and 4XPORTAL highlight their existing partnership, combining client onboarding, CRM and payment solutions with liquidity, execution and risk-management infrastructure for brokers.

The partnership brings together 4XPORTAL’s brokerage technology capabilities with Your Bourse’s connectivity, liquidity aggregation, and risk-management infrastructure.