PayPal CEO says ‘no going back’ from pandemic induced e-commerce surge Boeing’s earnings report appeared to take airline stocks down with it yesterday, as American Airlines and United Airlines both sank by around 3% on a day where the broader market soared. The Nasdaq Composite was up 1.4%, helped higher by names including AMD, PayPal…
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LR: A key part of your role is to optimise the client’s setup for pricing and execution. Is this an area that the technology vendors would normally get involved with? Daniel: Much of the value a PoP should offer is in helping clients set up their environment to get the best out of the existing…
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Alexandre Carteau, Head of MARKTS, commented: In a market where liquidity is fractionated and reliable connectivity is essential, accessing multi-venues is paramount. Alongside our current set of TS connections, XTRD services will provide our clients with choice and key alternative routes to access liquidity. Carteau continued: We are excited to partner with XTRD which complements…
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EUROPEAN SHARES European contracts traded lower on Thursday as market sentiment remains uncertain ahead of today’s slew of corporate results. The Fed’s extremely dovish tone yesterday was already largely priced in and didn’t lead to extreme price action on stock markets. Even though Jay Powell pledged to keep the macro environment extremely accommodative using all…
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Michael Muirhead, AIF, PPC, senior director said: The need for advisor designations and certification exams did not cease when we moved to a virtual world, forcing us to re-examine the proctoring process for clients. Through remote proctoring, clients can now take the certification exams from the safety of their home and meet ANSI National Accreditation…
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Marex recently appointed Ram Vittal as CEO of Marex North America following the firm’s February 2019 acquisition of the customer business of Rosenthal Collins Group (RCG). Vittal commented: We are very focused on expanding our North America business and are delighted to add the capabilities and deep experience of Craig and his team. The breadth…
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Phil Kim, Head of eFX Sales, Asia-Pacific, commented: We are very excited to add our TY3 venue to Sucden Financial’s ever-expanding suite of eFX products, as well as for our partnership with FlexTrade. This launch underlines our continued commitment to enhancing our services within the Asia-Pacific region, even during these times of global uncertainty. Manish…
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The US regulator also discovered that VFA did not disclose conflict of interest concerning millions of dollars of financial benefits that it received directly from advisory client mutual fund investments that were generally more expensive for clients than other mutual fund investment options available to clients. VFA agreed to pay $40 million to settle these…
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Sam Goh, Founder and CEO, Samtrade FX commented: Since incorporation, ensuring trust and confidence in every trade has been central in everything that we do. These added layers of regulation – on top of the existing licences that Samtrade FX already holds, reinforces our commitment toward setting the highest possible standards in corporate governance, trading…
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UK housebuilders soar ahead of mortgage data release London-listed housebuilders and property developers jumped yesterday, with Berkeley Group, Barratt Developments, Land Securities Group, Persimmon and Taylor Wimpey all among the top 10 FTSE 100 stocks on the day. The rally came ahead of data on June mortgage lending and approvals, which is released for the…
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