Credit Suisse appointment
March 18, 2021 BY Steffy Bogdanova

Ulrich Körner appointed CEO Asset Management at Credit Suisse Group

Thomas Gottstein, Group CEO, said: Ulrich Körner is an excellent addition to our leadership team, reinforcing its values and performance culture. Ueli is a strong leader and strategic thinker with proven ability in business development and profitable growth in asset management, as well as in business transformation. I am very much looking forward to working…

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Swiss Stock Exchange
March 17, 2021 BY Steffy Bogdanova

SIX registers significant growth in operating income

The announcement said: The high level of trading activity on the exchanges boosted the contribution from the Securities & Exchanges business unit (+11.7%), supported by the fact that SIX enjoyed a market share of almost 100% in the trading of Swiss equities, with EU equivalence remaining suspended. The Group also highlighted the contribution of the…

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daily market analysis
March 17, 2021 BY Steffy Bogdanova

Daily market commentary: The euro is losing ground to the dollar

GOLD Gold remains in “wait and see” mode ahead of the Fed’s latest economic projections. Bullion is still toying with the key level of $1,730 with low volatility, while investors are clearly waiting for the outcome of the Federal Open Market Committee. The central topic is not about short-term decisions but the medium- and long-term forecasts.…

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ASIC
March 17, 2021 BY Steffy Bogdanova

ASIC implements ten-year ban for Forex CT director

ASIC began civil penalty proceedings in the Federal Court against Forex CT and Shlomo Yoshai on 16 July 2020, after discovering that the sole director’s lack of respect for compliance justified a ban for a significant period of time. Yoshai has now been given a ten- year ban after behaviour on Forex CT’s trading floor…

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eToro
March 17, 2021 BY Steffy Bogdanova

eToro confirms $10.4 billion SPAC merger

The announcement stated that existing eToro equity holders will retaining 91% ownership following the merger with FinTech V. The board of the directors of both companies have unanimously approved the merger, however it is still pending stockholder approvals. The deal is expected to close in the third quarter of 2021. Betsy Cohen, Chairman of the…

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CAPEX.com expands crypto offering with Bitcoin Spot
March 16, 2021 BY Steffy Bogdanova

CAPEX.com expands crypto offering with Bitcoin Spot

CAPEX.com’s crypto offer includes: Bitcoin Cash Bitcoin Spot Ethereum USD Ethereum EUR Litecoin USD Litecoin EUR Ripple Wasim Zayed, the Executive Director at Key Way Investments Ltd, the company operating CAPEX.com under its CySEC regulation, commented: Educating our clients sits at the heart of our strategy. We've always been bound to rendering the best knowledge…

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Eurex
March 16, 2021 BY Steffy Bogdanova

Eurex and KRX to expand products on joint link

Since 2010 and 2016, respectively, overnight KOSPI 200 Options and Mini-KOSPI 200 Futures have been listed on Eurex. This expansion of the long-standing cooperation with further futures is strategically important for both Eurex and KRX. On a global scale, KOSPI 200 Options make up one of the four most heavily exchange-traded index contracts. Trading these…

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daily market analysis
March 16, 2021 BY Steffy Bogdanova

Daily market commentary: Stocks opened higher from London to Zurich

EUROPEAN SHARES  Stocks opened higher from London to Zurich on Tuesday following gains during the Asian session while US futures also climbed. This resurgence in risk appetite impacted on all sectors, with travel and leisure shares at the top of the board, as investors continue to anticipate a “back-to-normal life” situation. However, it is important…

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