Admiral Markets AS brought in €20.5 million of the total revenue. The Estonia-regulated entity of the group generated €0.9 million in net profit. The company stated: We’ve all seen how COVID-19 has shaken up the markets. The first half of 2020 was unique in terms of high market volatility, which made for a strong start…
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Sberbank Europe issued a statement on the current situation: In the light of the latest geopolitical developments, several banks of Sberbank Europe Group registered significant outflow of client deposits within a very short time. In some subsidiary banks, this resulted in long waiting times in branches and partially in restricting the amount of daily cash…
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The official statement said: Due to the technical impossibility trade instruments involving Russian Ruble, all further trading is being discontinnued immediately. Any positions left open will be closed at following price levels: EUR/RUB long positions at 111.887; EUR/RUB short positions at 115.3272; USD/RUB long positions 101.457; USD/RUB short positions 102.323
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Barclays served as Premier FX’s sole banker in the UK. The bank failed to identify that Premier FX’s internal controls were deficient and because of that, failed its due diligence conduct. Mark Steward, Executive Director of Enforcement and Market Oversight, said: Premier FX, which handled money on behalf of other people, presented particularly high risks…
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Forex Market The Russian finance ministry and Russia’s central bank have ordered domestic exporting companies to sell 80% of their forex reserves in order to help the rouble which plunged 30% against the dollar earlier today. The western governments imposed increasingly stricter sanctions on Russia following President Putin’s decision to invade Ukraine. As part of…
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Iskandar Najjar, Equiti Group CEO, commented: I’m very pleased to welcome Marta and excited about the initiatives she will bring to Equiti Group. I’m looking forward to Marta’s contribution to our performance and delivery culture, the continued expansion of our offices and people, as well as growth of our talent development and management initiatives. Marta…
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Adam Smith, CEO of Saxo Markets Australia, said: SaxoInvestor is designed specifically to provide busy retail investors with the convenience they require. We’re looking to support everyone from new entrants to the market right through to seasoned investors. Anyone who wants access to high quality investment education, research content and low cost brokerage on global…
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MOEX said: On the FX Market, during the trading session, the boundaries of the price corridor will not automatically change. At the opening of trading, the National Clearing Center (NCC) set the following limits of the price corridor. For the USDRUB_TOM currency pair: the lower limit is 76.145, the upper limit is 90.00. For the…
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US Attorney Damian Williams said: As cryptocurrencies and technologies designed to facilitate their trade proliferate, companies engaged in the virtual currency economy have become critical gatekeepers in efforts to ensure that U.S. markets are fair, efficient, and secure. The opportunities and advantages of operating in the United States are legion, but they carry with them…
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As result, Barclays the routed 19,500 orders for 2,500,000 contracts to the market unchecked. Of those 9,500 orders for 1,125,000 contracts were executed. Additionally, the firm did not prevent the entry of erroneous orders of a total of $11.8 million, rather than the intended $118,000. The company has accepted FINRA’s monetary penalty but has not…
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