June 08, 2021 BY Steffy Bogdanova

Bob Elfring re-enters M&A market as JPMorgan vice chair

Before his six year stint at Bank of America, Elfring held a position at Credit Suisse, taking responsibility for the investment banking coverage spanning both Benelux and Northern Europe. More recently, Elfring took up the role of adviser to CVC Capital Partners, a private equity firm. Having begun his career at ABN AMRO in the…

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ASIC
June 08, 2021 BY Steffy Bogdanova

ASIC issues a permanent ban on former Sentinel Wealth manager

ASIC also revealed that Fineff provided financial services outside of Sentinel’s license and that he also acted in conflict with the company. Sentinel lodged a breach notification with ASEC on 25 March 2020 in relation to Fineff’s conduct. He was then arrested on 7 May 2021 and charged with 18 counts of dishonesty obtaining financial…

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FXCM Pro announces partnership with Fortex
June 07, 2021 BY Steffy Bogdanova

FXCM announces partnership with Fortex

Daniel Chen, CEO and Co-founder at Fortex, commented: Fortex specializes in helping enterprise clients innovate and re-orient their trading business to fuel continuous growth.  From exchange products to FX/CFD to crypto derivatives, we discover deep values for our clients by leading changes and overcoming pain points, armed with superior computing power and data insights. Our…

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June 07, 2021 BY Steffy Bogdanova

Weekly forex data: key inflation and trade releases

Balance of trade from both countries plus of course American core inflation are the key releases to watch this week. The BoC’s meeting on Wednesday afternoon GMT is unlikely to generate a clear movement on this chart but volatility during the subsequent press conference could increase as traders try to read behind the lines of…

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June 07, 2021 BY Steffy Bogdanova

CoinShares lists three physically-backed crypto ETPs on Börse Xetra

The latest CoinShares Weekly Digital Asset Fund Flows Report from 1 June which tracks inflows and outflows across different crypto investment vehicles, found that the price volatility in crypto markets has been a catalyst for investment. A total of $74 million of net inflows were recorded, primarily led by Ethereum and altcoin products. Chief Executive…

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Non-leveraged instruments added to iForex platform
June 07, 2021 BY Steffy Bogdanova

Non-leveraged instruments added to iForex platform

iForex boasts more than 750 CFD instruments on FXnet, which have higher leverage at this moment in time. Such instruments even include some of the trending cryptos, such as Dogecoin. Recently, iForex had begun to use AI to monitor trading patterns easily, while introducing features to help its traders. One iFOREX official stated: We’ve discovered…

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Australia
June 07, 2021 BY Steffy Bogdanova

Australians lost $328 million to investments scams in 2020

The ACCC said in the report: It is not surprising that in 2020, 25% of all scam reports involved the loss of personal information, up from 16% in 2019. Loss of personal information was even higher among Indigenous consumers, where 36% of all scam reports involved the loss of personal information. The increasing value of…

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Exness
June 04, 2021 BY Steffy Bogdanova

Exness reports 7.5% MoM fall in trading volumes in May

Despite the slight down turn on monthly basis, May 2021 numbers are more than double compared to May last year. The number of active clients on the Exness platform is actually higher than last month and March. The broker registered 207,150 active clients and has seen an upward trend since the beginning of the year.

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eToro
June 04, 2021 BY Steffy Bogdanova

eToro reports 3.1 million new users in Q1 2021

eToro Co-Founder and CEO, Yoni Assia, said: Last year was characterized by accelerating retail investor engagement. Widespread media coverage of the financial markets and more time to upskill in lockdown encouraged a record number of retail investors to enter the markets via online investment platforms and apps. We saw this trend accelerate in 2021, and…

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