FP Markets announces launch of new Social Trading platform
March 11, 2021 BY Steffy Bogdanova

FP Markets announces launch of new Social Trading platform

Craig Allison, Head of Europe, Middle-East and Africa, said: FP Markets Social Trading allows traders to find, follow and copy successful traders automatically.  Since its beta launch at the beginning of March, we have experienced huge demand for FP Markets Social Trading with a huge uptake in registrations and increased activity and engagement ratios, especially…

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HSBC names Rachel Duan Independent non-executive Director
March 11, 2021 BY Steffy Bogdanova

HSBC names Rachel Duan Independent non-executive Director

HSBC's Group Chairman, Mark Tucker, commented: Rachel is an exceptional candidate. I am absolutely delighted to welcome her to the Board. She has extensive knowledge and experience of operating in two of HSBC's most strategically important markets - Hong Kong and mainland China. Her knowledge and experience will further strengthen the Board's discussions and oversight.…

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HKEX
March 11, 2021 BY Steffy Bogdanova

HKEX appoints Paul Chow as its Group General Counsel

HKEX Group General Counsel-designate Paul Chow said: I am honoured to be joining HKEX, one of Hong Kong’s most iconic organisations. As HKEX seeks to continue to build its business, and to reinforce Hong Kong’s role as a leading international finance centre, I am very much looking forward to working with my new colleagues on…

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FCA warning
March 10, 2021 BY Steffy Bogdanova

Karroo Capital, United Overseas Bank and others added to FCA's warning list

Select My Bond / selectmybond.com (Clone of FCA authorised firm) Tel: 02087197919 Email: [email protected] Website: www.selectmybond.com Karroo Capital (Clone of an FCA Authorised Firm) Telephone: +33189160535 Email: [email protected] Website: https://platform.karroo-capital.com/login , www.karroo-capital.com United Overseas Bank (Clone of FCA authorised firm) Address: 25 Gresham Street, London, EC2V 7HZ Telephone: 02081244109 Email: [email protected] Website: www.uobuk.com Grindlays Private…

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CySEC
March 10, 2021 BY Steffy Bogdanova

CySEC issues warnings against OTPFX, AllFxTradings and others

The Cyprus watchdog found that these unlicensed and offshore retail FX brokers falsely claim to have CySEC licenses. CySEC urges investors to consult its website, before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. Read More: CySEC issues warnings against 16 websites…

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Naga Group appoints Pawel Cichowski as Head of Dealing
March 10, 2021 BY Steffy Bogdanova

NAGA obtains $30 million funding from Yorkville Advisors

As previously mentioned, the funding agreement occurred just as NAGA was experiencing a rapid increase in demand spanning all of its business metrics. In February 2021, the broker reported a total trading volume of around $20 billion and passed a milestone of 1 million monthly transactions. On top of this, 37,000 new trading accounts were…

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daily market analysis
March 10, 2021 BY Steffy Bogdanova

Daily market commentary: European shares resumed their upward trend

EUROPEAN SHARES  European shares resumed their upward trend, despite initially opening down, as investors’ risk appetite remains alive and well. Even if a rotation from growth to “defensive” shares is still taking place, the global market sentiment is still oriented towards riskier assets this week. Indeed, with today’s signature on the $1.9 trillion stimulus package…

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SGX
March 10, 2021 BY Steffy Bogdanova

SGX reports FX Futures Volume rise in February 2021

The exchange also reported a jump in FTSE China A50 Index Futures DAV and FTSE Taiwan Index Futures DAV with 485,141 contracts and 104,415 contracts in February, respectively. SGX also registered a surge in its commodities business. Forward freight agreement (FFA) traded volume surged 80% YoY with 150,601 contracts. Petrochemical derivatives and Paraxylene traded volumes…

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partnership
March 10, 2021 BY Steffy Bogdanova

Pelican announces white label partnerships with Eurotrader and XpertAlgo

The latest addition of white label partnership will see integration of Pelican’s copy-trading technology into each venue’s existing suite of trading platforms, enabling their clients to utilise the features offered by the Pelican social interface. Sergei Grigoriev, Head of Risk at Eurotrader noted: Eurotrader continues to expand its product offering to address the needs of…

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