Daily market commentary: The US dollar bounced back as the Federal Reserve announced an interest rate hike of 0.5% LeapRate

December 15, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar bounced back as the Federal Reserve announced an interest rate hike of 0.5%

The figures revealed that consumer prices rose less than expected for the second month in a row, strengthening the case for slower rate hikes, with the Fed now more likely to announce a 50 basis points increase later today, instead of previously assumed 75 bp. Against this background, there may be scope for further dollar…

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Acquisition

December 15, 2022 BY Steffy Bogdanova

United Fintech announces acquisition of Cobalt

Under the acquisition agreement, United Fintech will onboard Cobalt, its clients and employees onto its platform. However, Cobalt will continue to operate as a standalone company. Christian Frahm will serve as the new Chairman of Cobalt and Cobalt’s co-founder & Chief Product Officer Andrew Coyne and CEO Darren Coote will remain in leadership of the…

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December 15, 2022 BY Steffy Bogdanova

SEC charges eight Twitter and Discord influencers with running a $100 million securities fraud scheme

Joseph Sansone, Chief of the SEC Enforcement Division’s Market Abuse Unit, said: As our complaint states, the defendants used social media to amass a large following of novice investors and then took advantage of their followers by repeatedly feeding them a steady diet of misinformation, which resulted in fraudulent profits of approximately $100 million. Today’s…

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Euroclear reports operating income increase of 7% in H1 2021

December 14, 2022 BY Steffy Bogdanova

Euroclear announces acquisition of Goji

David Genn, CEO, Goji commented: We are delighted to partner with Euroclear to deliver the platform infrastructure that the private markets industry needs. The ever-increasing demand from all investor groups to access private funds, points to the need for an end-to-end digital processing solution for these asset classes. The combination of Euroclear’s position in the…

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Spectrum Markets

December 14, 2022 BY Steffy Bogdanova

Spectrum Markets adds SocGen as a liquidity provider and a market maker offer new financial instruments in Spain and Scandinavia

Nicky Maan, Spectrum Markets CEO, explained: We’ve always said we want to list only those products that are most interesting for European retail investors, focusing on what they are actually going to use, and the new products from Societe Generale certainly fit that mould. Offering more investment options in terms of duration, as well as…

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Nomura

December 14, 2022 BY Steffy Bogdanova

Nomura opens a Dubai branch, expands Wealth Management business in the Middle East

Ravi Raju, Head of International Wealth Management, Nomura, said: Dubai has long established its importance in the Middle East, Indian subcontinent and Africa for entrepreneurs and families as a base to grow their international presence from. We welcome the chance to be a part of this exciting growth opportunity to offer our International Wealth Management…

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December 14, 2022 BY Steffy Bogdanova

Daily market commentary: The greenback sinks to the lowest level in six months

The figures revealed that consumer prices rose less than expected for the second month in a row, strengthening the case for slower rate hikes, with the Fed now more likely to announce a 50 basis points increase later today, instead of previously assumed 75 bp. Against this background, there may be scope for further dollar…

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Appital

December 14, 2022 BY Steffy Bogdanova

Appital hires equity markets specialist Matthew Jefford

Mark Badyra, CEO, Appital, said: I am thrilled to welcome Matthew to the Appital team. His industry insights and equity markets expertise are invaluable as we implement our vision to bring technological innovation, efficiency and transparency to equity markets and unlock latent liquidity for investors. Jefford’s appointment comes as Appital recently announced VC funding and…

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FXOpen

December 13, 2022 BY Steffy Bogdanova

FXOpen partners with TradingView to bring charting tools to its clients

Gary Thomson, Chief Operating Officer of FXOpen UK, commented: As a company we are very much focused on the added value we can offer our clients and are constantly striving for ways to enhance the positive experience our traders have with FXOpen. We are delighted to announce our partnership with TradingView and expand our suite…

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FTX

December 13, 2022 BY Steffy Bogdanova

Samuel Bankman-Fried charged by SEC for defrauding investors, gets arrested in the Bahamas on criminal charges

The agency also pointed out as a key problem that Bankman-Fried kept the funds of Alameda and FTX mixed up together. The regulator alleges that he used that to make undisclosed investments, luxurious real estate purchases, and large political donations. SEC Chair Gary Gensler commented: We allege that Sam Bankman-Fried built a house of cards…

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