Capital.com
May 28, 2021 BY Steffy Bogdanova

Capital.com extends trading hours with pre-market and after-hours trading

Jonathan Squires, CEO, Capital.com said: By extending Capital.com’s trading hours, we can offer our clients greater flexibility, enabling them to take advantage of more opportunities. Experienced traders can use the extended trading hours to quickly respond to the latest events, announcements and reports published before the market opens or after its close. The pre-market and…

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Refinitiv
May 27, 2021 BY Steffy Bogdanova

Refinitiv head David Craig to leave LSEG

Andrea Remyn Stone, Chief Product Officer, Data & Analytics stated: As the global financial community faces rapid change, we are uniquely positioned to partner with our customers to deliver the innovative data, analytics and investment insight solutions they need. Craig will operate in an advisory capacity until the end of his term. David Craig, Group…

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Hong Kong SFC
May 27, 2021 BY Steffy Bogdanova

Hong Kong SFC imposes a $1.5 million fine on Ewarton Securities

Mung also failed to ensure transactions undertaken on behalf of the client were given priority over orders for his own account in the period between May 2017 and March 2018. In SFC’s decision to impose a fine on Ewarton, the regulator took into consideration the duration of the company’s misconduct. The Commission also took into…

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PayPal set to allow customers to withdraw cryptocurrency
May 27, 2021 BY Steffy Bogdanova

PayPal set to allow customers to withdraw cryptocurrency

During the conference, da Ponte was also probed on the subject of central bank digital currencies (CBDCs), following news that the PayPal vice president had met up with central bankers across the globe. Though da Ponte accepted the logic of central banks issuing their own tokens, he refused the common opinion that just one of…

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May 27, 2021 BY Steffy Bogdanova

HSBC winds down US retail banking business

In the official announcement, HSBC also said it is planning to sell parts of its business to other US companies. The London-based lender revealed it has agreed to sell its East Coast retail unit, which includes 800,000 customers and 80 branches, to Citizens Bank. Cathay Bank is planning to buy the company’s retail business in…

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Bitcoin
May 27, 2021 BY Steffy Bogdanova

Iran President clamps down on bitcoin mining amidst power cuts

The cryptocurrency mining industry has become prominent in Iran partially due to the presence of highly subsidised electricity within an extremely power-reliant trade. With such subsidies in place, imports can then theoretically be paid for using bitcoin. However, the US has implemented sanctions that bar all banking transactions between themselves and Iran, and with blockchain…

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Moscow Exchange
May 27, 2021 BY Steffy Bogdanova

Moscow Exchange adds 20 new international stocks to its offering

The trades are settled in RUB via MOEX’s infrastructure, which includes a qualified central counterparty and record-keeping with the central securities depository (NSD). Dividends are set in the currency of the issuer, i.e., in USD for US securities. Individual investors are able to establish their eligibility a reduction of or exemption from tax on dividend…

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IG signs a three-year deal with England’s cricket team
May 26, 2021 BY Steffy Bogdanova

IG signs a three-year deal with England’s cricket team

Matt Macklin, IG’s UK Head, said: Watching the recent accomplishments of the England teams, we have been struck by the clarity of strategic thinking and quality of execution, and how this aligns with IG’s ethos as a business. Tony Singh, Chief Commercial Officer at ECB added: IG is an ambitious organization which shares our commitment…

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FairX to launch a new futures exchange for retail investors
May 26, 2021 BY Steffy Bogdanova

FairX to launch a new futures exchange for retail investors

FairX CEO Neal Brady said: We’re delighted to work with many of the industry’s leading firms to offer a futures trading venue designed to meet the needs of the global retail futures trader. FairX aims to democratize access to futures and options on futures by delivering superior products, seamless access and dramatically lower exchange costs…

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