The ADV numbers were 19.15% higher than in January 2022 and 27.30% on a yearly basis. FXSpotStream’s overall volume reached $1.263trillion, up 27.30% YoY increase compared to the same period last year. The February ADV numbers are based on 20 trading days. The company's ADV for the first two months of 2022 has reached $57.937billion,…
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FXPress Cornerstone established the COO position of FXPress position to strengthen its operation during its expansion. The Board is currently searching for someone to permanently take up the role of COO. Julian Wheatland, Chief Executive Officer of Cornerstone, said: As our business continues to expand, the establishment of the FXPress COO position will strengthen our…
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European Shares Shares edged mostly higher in Europe on Tuesday, as investors’ focus gets back to macro data and earnings while waiting for more development from Eastern Europe. Benchmarks climbed in early trading, as traders welcomed positive Manufacturing PMI figures from China overnight, and await ECB President Christine Lagarde’s speech for more clues on monetary…
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CEO and co-founder, Nauman Anees, commented: Our trading app ThinkTrader is a unique proposition for the Japanese market. With its streamlined user interface, sophisticated charting capabilities and ultrafast execution speeds, we are confident we will meet the high expectations of clients in Japan. ThinkMarkets Japanese office CEO, Koike Kazuhiro, added: We are very proud to…
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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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