European stock market experiences positive change
July 08, 2022 BY Steffy Bogdanova

Daily market commentary: Safe havens such as Treasuries, JPY and CHF currencies are on the rise as investors look for safety

A better-than-estimated figure would suggest the US economy is in a better shape than initially expected, which could provide the Fed with more room for further aggressive moves. On the other hand, a disappointing number would suggest the recession is increasingly unavoidable, which should trigger further panic moves and fear trading on the market. Ricardo…

Read more
Binance hires Jasmine Lee
July 08, 2022 BY Steffy Bogdanova

Binance.US appoints former PayPal executive Jasmine Lee as CFO

Brian Shroder, CEO of Binance.US, commented: Jasmine is a rare talent who possesses more than 20 years of deep knowledge in both fintech and high-growth startup environments. Her experience at PayPal, a public Fortune 500 company, in particular, will be invaluable as we chart our path to an IPO in the coming years. Lee stated:…

Read more
FCA
July 08, 2022 BY Steffy Bogdanova

FCA appoints Ashley Alder as chair

Ashley Alder commented: It’s a great privilege to have the opportunity to Chair the FCA, whose core work is so vital to the financial health of consumers. I also value the opportunity to contribute to a crucial phase in the FCA’s history as it helps chart the UK’s post-Brexit future as a global financial centre…

Read more
Equiti hires Steve Reeves
July 07, 2022 BY Steffy Bogdanova

Steve Reeves joins Equiti Capital UK as a Non-Executive Director

The official announcement shared with LeapRate also noted that Reeves will also chair the Board Audit and Risk Committee. Nigel Holmes, interim CEO of Equiti Capital UK Ltd, said: We welcome Steve to the Board of Equiti Capital UK Ltd. His extensive experience of the sector and across financial services, expertise in finance, financial reporting…

Read more
Market Analysis
July 07, 2022 BY Steffy Bogdanova

Daily market commentary: Stock markets climb higher

On the old continent, investors are keeping an eye on the political situation in the UK after PM Boris Johnson said he won’t give up his seat despite a slew of resignations from his ministers. Cable stabilized around 1.1900 while the FTSE-100 index is trading sideways, between 7,300pts and the 7,000-pts mark, as investors wait…

Read more
Euronext
July 07, 2022 BY Steffy Bogdanova

Euronext sees marginal increase in June FX volumes

Forex trading on Euronext for the three months between April and June reached nearly $1.54 trillion, registering a 27% rise compared to the second quarter of the previous year. The ADV for the quarter was $23.64 billion. Derivatives markets on Euronext also strengthened with a 4.8% MoM increase last month with 16 million traded contracts.…

Read more
July 07, 2022 BY Steffy Bogdanova

Revolut teams up with Stripe for global expansion

David Tirado, vice president of business development at Revolut, said: Revolut builds seamless solutions for its customers. That means access to quick and easy payments and our collaboration with Stripe facilitates that. We share a common vision and are excited to collaborate across multiple areas, from leveraging Stripe’s infrastructure to accelerate our global expansion, to…

Read more
July 06, 2022 BY Steffy Bogdanova

Integral sees $49 billion ADV in June

However, this was a 3.9% drop compared to the same period the previous year. Integral provides cloud-based SaaS FX workflow solutions for a variety of buy-side FX market participants, such as banks, brokers, asset managers, and hedge funds .

Read more