Federal Court of Australia imposes a $10 million fine on ANZ for breaches of its license LeapRate

October 02, 2020 BY Steffy Bogdanova

Federal Court of Australia imposes a $10 million fine on ANZ for breaches of its license

ANZ has admitted that it lacked any contractual entitlement to charge those fees. With these fee charges, ANZ contravened with the Australian Securities and Investments Commission Act (ASIC Act) and breached its general obligations. The court ordered the bank to pay a penalty in the amount of $10 million. ASIC Deputy Chair Daniel Crennan QC…

October 02, 2020 BY Valentina Kirilova

Daily market commentary: Gold spikes up by over $20

GOLD Just a few minutes after the announcement that Donald Trump and his wife tested positive to coronavirus, gold has spiked up by over $20. This happened while S&P and Down Jones futures lost more than 1% and the dollar started to weaken again. Bullion is now testing again the resistance level of $1,920, while…

October 02, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Invast Global launches two new index CFDs, BT Group signs a deal with TP ICAP

Deutsche Börse published its monthly volumes report for September 2020. The volumes for last month are up compared to August and July and on year-over-year basis. The company reported a 27.5% MoM rise in turnover with €149 billion in September (€116.9 billion for August 2020). The numbers are also up by 22.9% in comparison to September 2019 when it was €121.2 billion. Tokyo Financial…

October 02, 2020 BY Valentina Kirilova

Daily Market News: Trump catches Covid; Congress approves $2.2trn stimulus package

The House vote came after a variety of economic data was released on Thursday, which contained some potential red flags. Personal income fell 2.7% in August, while initial weekly jobless claims remained stubbornly high at 837,000. The week has been littered with news of major corporate job cuts coming down the pipeline, and the US…

October 02, 2020 BY Steffy Bogdanova

Integral’s ADV reach $41 billion in September with 3% MoM increase

Integral’s platforms have a varied and comprehensive set of FX products. Integral OCX gives direct access to banks, brokers and asset managers where they can use its liquidity to win market share from their competitors. OCX has a direct connection to over 250 liquidity sources which supply over 3,000 market making streams in NY4, LD4 and TY3.…

October 02, 2020 BY Steffy Bogdanova

Deutsche Börse’s turnover for September up by almost 28% MoM

Divided by class of asset, equities generated around €129.8 billion. Trading ETFs/ETCs/ETNs earned €17 billion. The trading volume in bonds was €0.4 billion, in certificates €1.5 billion and in funds €0.2 billion. SAP SE achieved the highest volume from the DAX stock on Xetra in September with €6.3 billion. Siemens Healthineers AG led the MDAX…

Invast Global launches new Cash Oil and Index CFDs

October 01, 2020 BY Steffy Bogdanova

Invast Global adds two new index CFDs to its offering over the USD Index and Canadian Index

The company plans launch even more instruments in the near future, with the objective of pricing 30 CFDs by the end of the year. James Alexander, Chief Commercial Officer of Invast Global, commented: These additional products represent the latest update in our plans to offer the most comprehensive suite of cash index and commodity products…

October 01, 2020 BY Steffy Bogdanova

BT Group signs a deal with interdealer broker TP ICAP

Customers can also benefit from the BT Trading automation which will help them meet their compliance obligations for service availability and call recording as it assures the operational functionality of voice recording and verifies enforcement of recording policies. As a safeguard, if there ia problem with the recording service occurs, affected users are automatically logged…

October 01, 2020 BY Valentina Kirilova

Daily market commentary: The eurozone’s best performance comes from Paris today

EUROPEAN SHARES Shares traded higher at the beginning of Thursday’s trading session in Europe with all sectors opening in green territory, led by health care. This boost to market sentiment comes after investors were fuelled with hopes of a fresh stimulus package in the US. However, traders of European shares face a busy morning following…

October 01, 2020 BY Valentina Kirilova

Daily Market News: Deluge of job cut announcements as market ends positive Q3

Healthcare was the leading sector in the index overall, helped by 3.5% plus gains from care providers Centene, Universal Health Services and HCA Healthcare. In healthcare company news, device maker Medtronic made waves late in the day after market hours, as The Wall Street Journal reported that the Justice Department is investigating whether acquisitions the…