It is rare that a company reports a 43% quarterly drop in Revenues, but you could still call that quarter a successful and strong one. Well that seems to be the case with Plus500's Q2 results. After surprising the markets (and anyone else who follows the FX industry) with an absolutely astounding Q1 which saw…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. US CPL performance rose moderately in July, although the core CPl remained unchanged in July, but it means that the US economic growth in the second quarter will continue, which will help boost the economic growth forecast for the third quarter,…
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Intuit Inc., one of the American's most innovative fintech - audit companies, has been awarded a patent from the US Patent and Trademark Office for a new, bitcoin payment processing platform. Intuit is based in Mountain View, California and currently has a headcount of around 8,000 people. With subsidiaries that include Mint.com and PayCycle, Intuit…
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It was about time for the international hunt for Satoshi Nakamoto to begin. It's been 10 years since the creation of Bitcoin, and still, nobody knows for sure who the genius creator behind blockchain and the "people's currency" is. Now, in the summer of 2018, the international campaign called #findsatoshi, has ignited a worldwide search…
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The usually slow summer months of forex industry news were certainly spiced up this past week, with Mergers & Acquisitions headlining the parade. How much did Swissquote pay for online 'expat' broker Internaxx? Why did AxiCorp buy FCA regulated One Financial? There was also more with LeapRate exclusively reporting on a number of executive moves,…
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Overstock.com, Inc. (NASDAQ:OSTK) and t0.com, Inc. (tZERO) have announced that the companies have both signed term sheets with GSR Capital, a Hong Kong based private equity firm, to invest up to $374.55 million in exchange for common equity in blockchain subsidiary tZERO and common equity in Overstock.com. Overstock and GSR Capital have also entered into…
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Changes to be effective as of 14 August 2018 On Thursday, Deutsche Börse has announced an unscheduled change to the SDAX index. Due to acquisition of Grammer AG (DE0005895403) by Jiye Auto Parts GmbH the free float of Grammer AG changed by more than 10 percentage points. According to the Guide to the Equity Indices…
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Derivatives marketplace CME Group has just announced that it will expand its suite of E-mini S&P Select Sector futures with the addition of a new Communication Services Select Sector futures contract. Pending regulatory review, the new product will be available to trade starting Sept. 10, 2018, alongside CME Group's existing 10 Select Sector futures products.…
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Ant Financial Services Group has announced that 14 newly approved target-date retirement funds will be made available on the Company’s wealth management platform, Ant Fortune. On August 6, 2018, China Securities Regulatory Commission (CSRC) approved the launch of the first batch of 14 target-date retirement funds operated by Chinese asset management firms including China AMC,…
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The Alternative Fixed-Income Market (MARF) has registered a new synthetic securitisation bond issue launched by the Fondo de Titulización PYMES Magdalena 2, for a total amount of 166.3 million euros, Bolsas y Mercados Españoles (the Spanish Stock Market - BME) announced earlier today. This is the second time that Santander has registered an issue of…
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