According to the report, any business wanting to purchase $50 million or more, must now first obtain approval from the People’s Bank of China (PBOC). This decision comes after the institution had a meeting with some of the commercial banks over the weekend. During this year, the Chinese yuan decreased by approximately 6% against the…
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The trading platform says the Coinbase Prime Web3 Wallet is part of the company’s continued commitment to harness cutting-edge technologies for its clients. On its website, it states: We have always kept security and utility top of mind, and today marks another step in that evolution by providing institutional and enterprise clients a secure way…
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As a result, Japanese 10-year bond yields saw the highest increase since 2014, while the USD/JPY currency pairing plunged to a new low. Investors will be waiting to gain more information from U.S. inflation data, which is due to be released from the Federal Reserve Bank later this week. Don’t miss out the latest news,…
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The trades automatically replicate from the Strategy Provider to the Follower account without any need for the Follower to take any action. Strategy Providers on their end trade on their own account and earn Performance Fees on the profits they generate for each Follower. The percentage of the Performance Fee and the frequency of the…
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Dynamic M-ELO aims to speed up order matches and minimise market impact, boosting the efficiency of an already speedy stock market even more. According to the exchange, this will establish better trading outcomes. This initiative follows predictive AI, the Strike Price Optimisation Programme, implemented in the Nasdaq U.S. options market earlier this year. It enhanced…
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According to legal documents cited by Bloomberg, experts are trying to determine if all payments were above board. This includes sponsorships to well-knowns such as the NBA’s Shaquille O’Neal and professional tennis player, Naomi Osaka, who received approximately $3.2m from FTX. The once-prominent cryptocurrency exchange submitted its Chapter 11 filing for bankruptcy in November 2022.…
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CEO Mr Mohamad Ibrahim extended his gratitude towards JFEX: It is with immense honour and gratitude that we accept the awards for "Best Global Multi-Asset Broker" and “The CEO of the Year”. The dedication and meticulous planning have brought together a platform that celebrates excellence and innovation in the financial services industry. […] Thank you…
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The move adds to Apple’s challenges as it directly impacts its biggest non-U.S. market. The Chinese market makes up a sizeable chunk – about 19% – of Apple’s total revenue. Although drastic, it seems, according to an anonymous CNN source, that China has been implementing this policy non-officially since the Covid-19 pandemic and is now…
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Miners and technology stocks drew the shortest end of the stick, while utilities and healthcare subindexes regained some ground. Tech stocks did not escape the trend and took some amount of strain. Experts attributed this to China’s intention to broaden its ban on the use of iPhones, as government sectors and affiliates distance themselves from…
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The three combined products: Matrix2 – liquidity management platform Crypto Switch™ - institutional digital asset solution MatrixNET – liquidity distribution platform By combining Matrix2 and Crypto Switch™ with the adolescent MatrixNET, Gold-i have created a comprehensive liquidity management and distribution platform. As a result, brokers can utilise this multiple routing and aggregation platform to offer…
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