Daily market commentary: European markets edged moderately higher alongside US futures LeapRate

November 17, 2022 BY Steffy Bogdanova

Daily market commentary: European markets edged moderately higher alongside US futures

European Shares European markets edged moderately higher, alongside US futures, as bullish sentiment stays alive despite poor performances registered by Asian shares overnight and ahead of a busy day on the macro front. Market sentiment remains supported by investors’ risk appetite as almost all EU benchmarks are trading in green territory, holding their recent gains…

November 17, 2022 BY Steffy Bogdanova

INFINOX appoints Ayhan Gürcüoğlu to its MENA institutional sales team

Gürcüoğlu has previously served as VP Institutional Sales at Finalto for more than three years. He spent eight years in managerial roles with exclusive focus on the Turkish market, where he gained an array of contacts, local knowledge and expertise in the field. Gürcüoğlu said: I’m delighted to be joining the IXO Prime team here…

November 17, 2022 BY Steffy Bogdanova

Tools for Brokers expands White Label platforms offer with Match-Trader

The trading solution was designed with White Label Brokers in mind who offer features like individual sets of symbols without suffixes, markups included on the chart and time on the platform based on the Broker’s selected timezone. Match-Trader White Label allows brokers to integrate it with their current setup and customise it to their specific…

November 17, 2022 BY Steffy Bogdanova

BGC Partners rebrands to BGC Group

Under the new legal structure, the owners and shareholders will be taxed separately from the company. C-corporations limit the liability of shareholders and owners as the most they can lose in the event of a failure of the business is the money they invested. Howard W. Lutnick, Chairman of the Board and Chief Executive Officer…

November 16, 2022 BY Steffy Bogdanova

BUX UK sees a 49% drop in 2021 revenue to £9.1 million

According to its Companies House filing, BUX UK attributes the decline in revenue to the markets returning to normal levels from 2019 and becoming more stable. Furthermore, Brexit has also impacted the operations of the company since it stopped onboarding new clients in the EU in the first quarter of 2021. In addition, the company…

November 16, 2022 BY Steffy Bogdanova

Daily market commentary: The pound lost ground to other major currencies, following the release of UK inflation data

Such a scenario will no doubt impact the sentiment of investors, reducing the appeal of pound denominated assets. With further bad news likely to arrive on Thursday, when the Chancellor of the Exchequer is expected to announce a number of fiscally restrictive measures, there may be scope for more sterling weakness. Ricardo Evangelista – Senior…

November 16, 2022 BY Steffy Bogdanova

CMC Markets sees a 21% increase in net operating income in H2 2023

Interim dividend for H1 2023 stood at 3.50 pence per share, remaining unchanged from the previous year. The company said that a total dividend for the year expected to be in line with policy at 50% of profit after tax. Outlook The broker expressed optimistic expectations, with net operating income expected to grow by 30%…

Bankman-Fried jailed ahead of his October trial

November 16, 2022 BY Steffy Bogdanova

FTX’s AFS license suspended by ASIC

The crypto exchange FTX collapsed last week following a liquidity crunch and a subsequent hack which drained millions of dollars from the company which was already in a tough spot. As allegations of customer fund misappropriation surfaced and prompted regulatory scrutiny, investors are reluctant to provide capital to the exchange. Last week, FTX founder Sam…

November 15, 2022 BY Steffy Bogdanova

eToro teams up with Broadridge to enable proxy voting

The data further revealed that younger investors are significantly more likely to want to have a say than older investors. In particular, 80% of participants in the survey between the age of 18 and 34 said they wanted to vote at AGMs if given the chance and 50% of investors around the age of 55.…

Weekly data: Oil and Gold price action before the NFP

November 15, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices touched a 3-month maximum

While some hint at a slowdown in the pace of rate hiking, others suggest that the tightening cycle is far from over. Judging by the performance of the dollar so far this month, falling around 8% in relation to its peers, the market’s main takeaway from the latest events is that peak inflation is behind…