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ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Shoals Technologies Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SHLS

New York, New York – Newsfile Corp. – March 31, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Shoals Technologies Group, Inc. (NASDAQ: SHLS) between May 17, 2022 and November 7, 2023, both dates inclusive (the “Class Period”), of the important May 21, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Shoals common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Shoals class action, go to https://rosenlegal.com/submit-form/?case_id=23563 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email or case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 21, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants misrepresented and/or failed to disclose that: (1) Shoals did not deliver electrical balance of systems (“EBOS”) products that met the highest levels of quality and reliability; (2) Shoals had received reports of exposed copper conduit in EBOS wire harnesses in a large number of solar fields and was aware that a significant portion of its wire harnesses had defects; (3) Shoals would have to incur between $60 million to $185 million in costs to remediate the wire shrinkback issue; (4) Shoals had understated its cost of revenue by millions of dollars; and (5) as a result, defendants’ positive statements about Shoals’ financial guidance, business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Shoals class action, go to https://rosenlegal.com/submit-form/?case_id=23563 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

ROSEN, A LEADING LAW FIRM, Encourages The Chemours Company Investors to Secure Counsel Before Important Deadline in Securities Class Action – CC

New York, New York – Newsfile Corp. – March 31, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of The Chemours Company (NYSE: CC) between February 10, 2023 and February 28, 2024, both dates inclusive (the “Class Period”), of the important May 20, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Chemours common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Chemours class action, go to https://rosenlegal.com/submit-form/?case_id=22563 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email or case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 20, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants misrepresented and/or failed to disclose that: (1) certain of Chemours’ senior executive officers manipulated Free Cash Flow targets as a means to maximize additional cash and stock incentive compensation applicable to executive officers pursuant to Chemours’ Annual Incentive Plans (“AIPs”) and Long-Term Incentive Plans (“LTIPs”); (2) Chemours’ accounting practices and procedures, including its internal control over financial reporting, were deficient, and (3) as a result, defendants’ statements about Chemours’ business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Chemours class action, go to https://rosenlegal.com/submit-form/?case_id=22563 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

“Youth High Speed Rail Trip” Sets Off Today

300 HK Young People Travel to Changsha, explore the Development of Cultural and Creative Industries


HONG KONG SAR – Media OutReach Newswire – 31 March 2024 – Making full use of the long holiday to participate in Mainland China exchange and research activities has become a popular choice for many local young people, allowing them to experience the diverse charm of different cities in China. Co-organised by the Dragon Foundation and the Hong Kong Federation of Youth Groups (HKFYG), the “Youth High Speed Rail Trip” with the theme of “Cultural and Creative Experience Journey” departed today (31 March), leading 300 Hong Kong secondary school students to take a high-speed train to Changsha, Hunan Province to explore the cultural and creative industries, education, and historical culture, embarking on a four-day-three-night cultural trip in Hunan. The inaugural ceremony was held at the Hong Kong West Kowloon Station with a lively and vibrant group of students.

Co-organised by the Dragon Foundation and the Hong Kong Federation of Youth Groups, the
Co-organised by the Dragon Foundation and the Hong Kong Federation of Youth Groups, the “Youth High Speed Rail Trip” with the theme of “Cultural and Creative Experience Journey” successfully departed, leading 300 Hong Kong secondary school students to take a high-speed train to Changsha, Hunan Province to explore the cultural and creative industries, education, and historical culture.

The pre-trip survey shown that among the 300 young participants, nearly 70% stated that they had never taken a high-speed rail before, and 85% are going to visit Changsha for the first time. They hope to understand the mainland’s academic culture (32.7%), cultural and creative industries (23.7%), media enterprises (21.8%), and food enterprises (21.8%) through this experiential activity. They had previously participated in workshops to understand the development of high-speed rail in China and their positive impact on environmental protection. They will also reflex their learning through the trip by writing up reports in different formats.

Distinguished guests of the opening ceremony included Warner Cheuk Wing-hing, Deputy Chief Secretary for Administration; Wan Ning, Deputy Director General of the Youth Department of the Liaison Office of the Central People’s Government in the HKSAR; Ronald Chan Ngok-pang, Head of Mainland Affairs of The Hong Kong Jockey Club; Cheung Chi-keung, Chief of Cross Boundary Segment of the MTR Corporation; Lester Garson Huang, Chairman of the Dragon Foundation; Andy Ho Wing-cheong, Adviser to Mainland Affairs Office of HKFYG and a Member of the 14th National Committee of the Chinese People’s Political Consultative Conference; Hsu Siu-man, Executive Director of HKFYG; Annie Tam Kam-lan, Director of the Dragon Foundation and Kenneth Chen Wei-on, President of HKFYG, are the leaders of the delegation.

Lester Garson Huang, Chairman of the Dragon Foundation said that the students response to this trip has been very welcoming and enthusiastic. The Dragon Foundation has always encouraged young people to understand China’s achievements and integrate into the overall national development through firsthand experience.

Kenneth Chen Wei-on, President of HKFYG stated that Changsha, as a city with a rich history and culture, has numerous historical sites. Its education and cultural creative industries are also significant within the country. Therefore, it is worth exploring and learning for Hong Kong young people.

They also expressed gratitude to The Hong Kong Jockey Club, MTR Corporation, Henderson Land Group, The Wharf (Holdings) Limited, Chinese Manufacturers’ Association of Hong Kong, Birdie, the Youth Department of The Liaison Office of the Central People’s Government in the HKSAR, and the Hunan Youth Federation for their full support, as well as the enthusiastic participation of several secondary schools.

As a first-year participant, Cheng Lok Hang enthusiastically expressed his excitement about the upcoming trip. He described it as a great opportunity to delve into the local innovative and creative industries, as well as explore the rich history of Hunan.

Chan Man Yin, after her high-speed railway tour to Guangzhou and Foshan last year, discovered China’s sustainable development initiatives, including the application of hydrogen energy across different industries. Excited to share her knowledge with classmates, she now looks forward to learning something new during the upcoming Changsha trip.

Co-organised by the Dragon Foundation and the Hong Kong Youth Federation of Youth Groups, the “Youth High Speed Rail Trip” attracts 300 local young people to embark on a four-day-three-night journey in Changsha, Hunan, experiencing immersive theatre, visiting cultural and creative industry parks, Yuelu Academy, Juzizhou Island, and other historical attractions, as well as exploring the development of engineering machinery manufacturing and agricultural technology.

For more details, please visit the website dragonfoundation.net.

Hashtag: #YouthHighSpeedRailTrip #DragonFoundation #HKFYG #Changsha

The issuer is solely responsible for the content of this announcement.

Brainwave Crypto Paves the Way for Asia, Officially Entering the Asian Cryptocurrency Market

SINGAPORE – Media OutReach Newswire – 29 March 2024 – Amidst the continuous expansion of the global cryptocurrency market, Brainwave Crypto, a renowned and secure US-based trading platform, has announced its official entry into the Asian market, providing high-quality cryptocurrency trading services to Asian investors. This strategic expansion will allow Brainwave Crypto’s advanced technology and professional services to benefit a wider user base.

Since its establishment, Brainwave Crypto has been committed to creating a secure, reliable, and trustworthy trading environment. As a company holding a US MSB (Money Services Business) license, Brainwave Crypto operates legally and compliantly in the United States, adhering to strict regulations.

Security, Reliability, and Trustworthiness

As the core values of the trading platform, Brainwave Crypto employs state-of-the-art encryption technology and security measures, including but not limited to multi-signature wallets, cold storage solutions, and real-time security monitoring systems, ensuring the absolute safety of user assets. Additionally, the company has a professional risk management team monitoring market risks in real-time to ensure the robustness of platform operations.

A New Journey in the Asian Market

Venturing into the Asian market is an important step in Brainwave Crypto’s global expansion strategy. The Asian market is renowned for its immense growth potential and active cryptocurrency trading activities, and Brainwave Crypto looks forward to providing users with more diversified trading options and high-quality customer service.

To better serve Asian users, Brainwave Crypto will launch a series of special activities and benefits tailored to the Asian market, including but not limited to discounted transaction fees, educational resources, and localized customer service support.

Stay Updated

With the official announcement of Brainwave Crypto’s entry into the Asian market, Brainwave Crypto will continue to release the latest news and event details through its social media platforms, including Twitter, Facebook, and LINE. Brainwave Crypto invites users worldwide to follow Brainwave Crypto’s social media accounts and witness every step of growth and breakthroughs.

Hashtag: #BrainwaveCrypto

The issuer is solely responsible for the content of this announcement.

About Brainwave Crypto

Brainwave Crypto is a leading global cryptocurrency trading platform headquartered in the United States. Holding a US MSB license, the company operates with legitimacy, legality, and compliance in the United States. Brainwave Crypto are dedicated to providing secure, reliable, and user-friendly cryptocurrency trading services to users worldwide.

Brainwave Crypto looks forward to embarking on a new chapter with Asian users and partners, collectively driving the development of the global cryptocurrency market.

Asset managers eyeing investment opportunities in growing Chinese Mainland market, says KPMG

Hong Kong government continues to introduce new regulations to build a healthier and more stable asset management ecosystem


HONG KONG SAR – Media OutReach Newswire – 29 March 2024 – Recent growth in the institutional investor segment in the Chinese Mainland is providing an opportunity for global asset managers that have experience in this area. The Chinese Mainland remains a huge economy with massive and evolving investment opportunities.

The Asset Management and Private Equity Outlook considers the prospects for the asset management and private equity sector, from broad issues including regulatory developments to key topics like capital markets, virtual assets and family offices.

Andrew Weir, Global Chair, Asset Management, KPMG International says: “The domestic asset management market in China continues to mature, mostly driven by the retail sector. Recent growth in the institutional investor segment in the Chinese Mainland is also providing an opportunity for global asset managers that have experience in this area. Amid the uncertain global environment, a wait-and-see approach has sometimes been adopted, but now firms should also consider the upside opportunity compared to the downside risk of waiting.”

The environment for IPOs in Hong Kong and other markets has a significant impact on the performance of the asset management sector, particularly private equity. 2023 was a quiet year for IPOs in terms of number and funds raised across all major stock markets globally. Looking ahead, interest rates may continue to come down this year. This will benefit the IPO market by improving liquidity and valuations, although the timing and pace of such rate cuts remains a matter for debate. While 2024 is unlikely to see a major resurgence in IPOs in Hong Kong or other markets, KPMG is cautiously optimistic in expecting that this year could mark the beginning of a longer term recovery in activity.

Hong Kong’s favourable tax regime is one of the key pillars of its success as a global asset management hub, but the city must ensure that its advantages remain competitive with other locations. The Family Office incentive introduced last year shows how well-designed and promoted incentives can be successful in attracting investment to Hong Kong. However, fund managers may face difficulties in fulfilling the requirements of some other incentives, such as the Tax Concession for Carried Interest. The Government has announced that it is currently reviewing the incentive and it is anticipated that changes will be made to the regime in order to make it more in line with industry’s expectation.

Darren Bowdern, Head of Asset Management Tax, ASPAC, KPMG China says: “Removing the uncertainty around some of the current incentives is the most important step. More clarity about the scope of the incentives available and the conditions that need to be satisfied will also address concerns of global asset managers about domiciling funds and SPVs in Hong Kong.”

While the external environment remains challenging, the Hong Kong government has continued to make efforts to build a healthier and more stable asset management ecosystem. It has introduced a variety of new regulations such as new rules, guidance and circulars around virtual assets. The introduction of the licencing regime for virtual assets trading platforms will move the trading of virtual assets into a regulated space, which will bring about more stability, certainty and investor protection. With its proactive approach to regulation, Hong Kong has successfully established itself as a hub in the virtual assets space, and it is expected that more regulatory developments will follow in 2024.

There have also been a range of incentives specifically aimed at encouraging family offices and high-net-worth individuals, including the Family Office tax incentive policy and the Capital Investment Entrant Scheme (CIES). These incentives have been widely welcomed by asset managers in Hong Kong and have generated a lot of interest from ultra-high-net-worth families, especially from the Chinese Mainland. Hong Kong is already an attractive destination for family offices, given its competitive tax regime, finance professionals and variety of investment products. While 2023 saw a lot of interest from clients in learning about the structure and requirements, it is expected that more family offices will be established in the year ahead as UHNWIs put their plans into action.

Vivian Chui, Head of Securities and Asset Management, Hong Kong, KPMG China says: “Looking at the longer term outlook, the Chinese Mainland remains a huge economy with massive and evolving investment opportunities. This will continue to be to Hong Kong’s advantage when the global economy recovers and activity in the asset management sector picks up again. Hong Kong should be making the effort to emphasise its attractions as a global hub for asset management to be ready to capture the opportunities when growth resumes.”

Hashtag: #KPMGChina

The issuer is solely responsible for the content of this announcement.

About KPMG China

KPMG China has offices located in 31 cities with over 15,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.

KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.

KPMG firms operate in 144 countries and territories with more than 236,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.

KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. KPMG was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in KPMG’s appointment for multidisciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies.

Melting Polar Ice Is Changing the Earth’s Rotation and Affecting How We Measure Time: Study

(Image credit: Shutterstock)

By Leah Sarnoff, ABC News

How much can change in a second?

The impact of climate change has been felt across the globe in rising temperatures and rising sea levels — but a new study suggests global warming has accelerated the Earth’s rotation, affecting the way we measure time.

The Earth’s rotation governs the hours, minutes, and seconds of the day across the world in Coordinated Universal Time, or UTC, which was made the international standard for time measurement in 1960, according to Britannica.

Since 1972, UTC has been modified by adding “leap seconds” when necessary, because the Earth’s rotation rate is inconsistent, Britannica notes. The added second of UTC makes the last minute of December or June 61 seconds rather than 60, according to the encyclopedia.

However, for the first time, UTC may have to lose a second in what would be called a “negative leap second,” according to a study from the Scripps Institution of Oceanography at the University of California San Diego, published Wednesday in Nature.

In total, there have been 27 added leap seconds to UTC, according to researchers, but the impact of subtracting a second is “unprecedented.”

While losing a second may seem miniscule, in theory, the impact on universal computing systems could be severe, according to Patrizia Tavella, a member of the Time Department at the International Bureau of Weights and Measures in France.

“Earth’s rotation seems to have accelerated, outpacing the time standard, and raising the possibility that an unprecedented ‘negative’ leap second might soon be required — a daunting prospect in a world reliant on consistent timekeeping,” Tavella wrote in an article accompanying the study in Nature.

Precise UTC timekeeping is needed for satellite navigation, software, telecommunication, trade and even space travel, he noted.

The study, led by geophysicist Duncan Agnew, suggests the negative leap second, which could be implemented as soon as 2026, may be delayed by the impact of global warming to 2029.

The delay of the negative leap second comes from the acceleration of melting polar ice in Greenland and Antarctica, which is measured by satellite gravity, according to the study.

The melting polar ice “has decreased the angular velocity of Earth more rapidly than before,” the study notes.

Since 1972, when UTC became the global standard for timekeeping, “the angular velocity of the liquid core of Earth has been decreasing at a constant rate that has steadily increased the angular velocity of the rest of Earth,” according to the study.

To put it simply, global warming has accelerated the Earth’s rotation, forcing global timekeeping to adjust.

“A negative leap second has never been added or tested, so the problems it could create are without precedent,” Tavella wrote.

UTC is currently computed using data from about 450 atomic clocks, which are maintained in more than 80 institutions around the world, according to Tavella.

In 2022, scientists and government representatives voted to remove leap seconds from UTC by 2035 at an International Bureau of Weights and Measures (BIPM) conference in France.

The resolution was passed by the BIPM’s 59 member states and other parties at the General Conference on Weights and Measures.

However, Tavella now suggests the “uncertainty associated with predictions of Earth’s rotation” and the evaluation of whether a negative leap second will be required must be assessed before 2035.

“Metrologists around the world are following the unfolding discussion attentively, with the view to avoiding any unnecessary risks,” he wrote, adding “Earth’s rotation is an imperfect timekeeper.”

Octa seeks to clarify Forex swap and swap-free accounts


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 29 March 2024 – One of the most misunderstood terms in Forex trading is swap or Forex swap. To trade successfully, you should understand what Forex swap depends on and how it is calculated. This material describes what a Forex swap is, explains its mechanics, and describes swap-free trading accounts.Forex swap.

Octa

Definition

Swap is a commission charged for carrying open positions overnight to the next trading day in the Forex market. The exact moment when the swap is withdrawn from your trading account depends on your broker. Most brokers charge it most often between 11 p.m. and 12 a.m. server time.

The Forex market is over-the-counter and non-deliverable, meaning you are not the owner of the trading asset. In order not to cause the need for calculations, the system automatically closes an open position on the current trading day and opens it on the next one. Such closing is considered conditional, as the position is carried over, and the swap is charged.

Depending on the value of the swap and the position, the swap can be negative or positive. In other words, you will either have to pay a commission or be paid a commission for holding an open position overnight. This is because the margin system used in Forex trading allows you to use the additional capital the broker provides. You borrow funds to open a position from your broker.

There is an opinion among traders that the Forex swap is nothing but a broker’s commission. However, this is not true. Let’s find out how swaps work in the Forex market.

How do swaps work in the Forex market?
Every time you open a position, you make two transactions: buying one and selling another currency in a currency pair. So, you are essentially borrowing that money to sell one of the currencies and need to pay interest on the borrowed amount. However, in doing so, the currency you buy will earn you interest.

If the base interest rate on the currency you buy is higher than the currency you sell, you can earn interest on the difference in rates for carrying an open position to the next day. However, given the broker’s markup, regardless of the direction of the open position (buying or selling), you will have to pay a commission.

Thus, the value of a swap depends on the market and the instrument you are trading. For example, the swap on the same EURUSD and USDJPY positions will differ.

The value of swap varies depending on:

  • online broker
  • type of the position—Buy or Sell
  • type of the asset
  • number of days the position remains open
  • nominal value of the position (number of lots).

Why is there a triple swap?
Sometimes, a swap is charged for holding an open position over the weekend, even if you did not have it on Saturday and Sunday. Such a fee is called a triple swap. Since the markets are closed on weekends, the triple swap was invented to compensate for this and is charged either on Fridays or Wednesdays, depending on the specific market.

This is because orders are settled on the Forex market on the second working day from the trade date (T+2). Since the value date falls on a weekend, the transfer is made for three days at once (on Monday). Therefore, from Wednesday to Thursday (at 12 a.m.), the swap is charged for the past weekend and Wednesday.

In other words, if you hold your position overnight when the triple swap is applied, your order will be charged three times the standard swap.

Are there swap-free accounts?
To make trading more convenient and accessible, many brokers have introduced the concept of swap-free accounts.

Swap-free accounts relieve the trader from the need to constantly monitor the size of accounting rates on currencies in a currency pair, make trading more straightforward, and allow taking into account in advance the commission for the transfer of positions when calculating the financial result of planned transactions. It is also relevant for those clients who cannot use swaps due to religious beliefs. This determines the second name of this type of account—Islamic accounts.

Charged daily, the swap fee accumulates over time, making trading less favourable. To enhance the investment opportunities of its customers, Octa has decided to remove swap fees for all types of trading accounts. These fees will no longer prevent traders from using medium- and long-term strategies in the financial market. Now, they can keep that position open for as long as they see fit and with no swap cost.

The issuer is solely responsible for the content of this announcement.

Octa

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries with more than 42 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

Octa has also won over 70 awards since its foundation, including the ‘Best Educational Broker 2023’ award from Global Forex Awards and the ‘Best Global Broker Asia 2022’ award from International Business Magazine.

Thailand on High Alert for Anthrax Following Outbreak in Laos

Thailand on High Alert for Anthrax Following Outbreak in Laos
Cows eating (photo: Vientiane Times)

Thailand has heightened its vigilance against anthrax as Thai Prime Minister Srettha Thavisin, on 28 March, directed Thai Public Health Minister Cholnan Srikaew to intensify preventive measures, especially in border areas, to safeguard public health.