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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new hire, appointment
March 16, 2021 BY Steffy Bogdanova

Qontigo names Neal Pawar Chief Operating Officer

Pawar said: Over the course of my career, I’ve seen the commoditization of many parts of the financial technology stack. Axioma, STOXX and DAX—and now Qontigo—have played an important part in that evolution by building sophisticated analytics and indexing products leveraged by firms across the financial spectrum. As a computer scientist, I’m excited that the…

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FMA warning
March 15, 2021 BY Steffy Bogdanova

FMA warns against horizonlinelimited.com, Cornucopia and others

www.cjcmarketsglobal.biz/ Website: www.cjcmarketsglobal.biz/ Phone: + 91 97642 16796 The FMA warned that the website www.cjcmarketsglobal.biz/ is contacting individuals via private messages and are falsely claiming to be authorised and licensed by the FMA. The website is in fact not associated with or authorised by the NZ incorporated company, Carrick Just Capital Markets Limited Trading As CJC…

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Stripe obtains $600M funding at $95B valuation
March 15, 2021 BY Steffy Bogdanova

Stripe obtains $600M funding at $95B valuation

John Collison, President and Co-Founder of Stripe, commented: We’re investing a ton more in Europe this year, particularly in Ireland. Whether in fintech, mobility, retail or SaaS, the growth opportunity for the European digital economy is immense. Stripe also plans to expand its Global Payments and Treasury Network with the raised capital. The company announced…

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HKEX
March 15, 2021 BY Steffy Bogdanova

HKEX to implement VCM and POS enhancements in derivatives market

Additionally, a random cutoff mechanism is set to be introduced to the POS and pre-open allocation session to all relevant products in the derivatives market. This will include both morning and afternoon sessions. These changes will be implemented in order to prevent the chances of gaming strategies occurring when manipulating the Calculated Opening Price at…

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daily market analysis
March 15, 2021 BY Steffy Bogdanova

Daily market commentary: The foreign exchange market reacts to rising Treasury yields

EUROPEAN SHARES  European benchmarks opened flat on Monday ahead of another busy week and after a difficult trading session in Asia. Reflation worries have resurged with traders already pricing the effect of rising prices from central banks’ monetary policies. It is interesting to note how last week’s bullish leverages (stimulus, vaccination rollout) have become today’s…

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