BDSwiss adds 9 new CFDs to its crypto offering
May 09, 2022 BY Steffy Bogdanova

BDSwiss adds 9 new CFD crypto-pairs to its offering

With this latest addition, the total number of cryptocurrencies available to trade on BDSwiss MetaTrader, WebTrader and Mobile app platforms becomes 26 crypto-pairs. The company also noted that the crypto offering is only available under the brand’s BDS Markets and BDS LTD entities which operate outside the European Union. BDSwiss CEO Nicolas Shamtanis commented: In…

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Daily Market Commentary
May 09, 2022 BY Steffy Bogdanova

Daily market commentary: European shares lag with most benchmarks holding last week’s losses as sentiment remains risk-off

The Stoxx-50 index is now trading well below the 3,685.0pts support, now seen as a resistance, at 3,600.0pts. The bearish pressure is rising inside a directional move, and 3,520.0pts (78.6% Fibonacci) could be considered as the next support level for the market. Pierre Veyret– Technical analyst, ActivTrades Disclaimer: opinions are personal to the authors and…

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Swiss Stock Exchange
May 09, 2022 BY Steffy Bogdanova

Virtu ITG Europe joins SIX as a new trading participant

Gregor Braun, Head of Sales Switzerland & Europe at SIX Swiss Exchange, commented: We are delighted to welcome Virtu ITG Europe Limited, another renowned trading participant, to our ranks. The growth in trading participants shows that the high quality of the SIX Swiss Exchange order book is appreciated and in demand in the market. And…

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May 06, 2022 BY Steffy Bogdanova

BitMEX co-founders to pay $30 million fine

The crypto exchange offered services to US residents without approval from CFTC to operate as a Designated Contract Market (DCM) or a Swap Execution Facility (SEF). The company also operated as a Futures Commission Merchant (FCM) without registration. Moreover, it failed to implement customer information program (CIP) and know-your-customer (KYC ) procedures, as well as…

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Daily Market Commentary
May 06, 2022 BY Steffy Bogdanova

Daily market commentary: The US Dollar is back on the front foot

European Shares European markets extended yesterday’s losses on Friday, alongside US Futures, as risk aversion dominates everywhere at the end of the week. Markets are set to register their biggest weekly drop in two months, with today’s decline led by Health Care and Tech shares, as the bullish enthusiasm brought by higher rates from the…

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GCEX hires Michael Aagaard
May 06, 2022 BY Steffy Bogdanova

Michael Aagaard joins GCEX as managing director in Denmark

Most recently, he was in a contractor role at Oanda, where he has spent the last six months as a Digital Assets Consultant advising Oanda on its digital assets offering. Lars Holst, Founder and CEO of GCEX commented: This is a significant hire for GCEX. Michael brings extensive experience in FX and digital assets to…

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Sucden Financial
May 05, 2022 BY Steffy Bogdanova

Sucden Financial sees 1,025% jump in profit before tax in 2021

Net revenues came in at £69.8 million, 29.5% higher than the £53.9 million generated the previous year. Profit before tax skyrocketed with 1,025% to £18.0 million, compared to £1.6 million in 2020. Marc Bailey, Sucden Financial CEO, said: 2021 was a strong year, as we continued to expand our diversified client base and invest in…

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