Daily Market News: Stocks soar despite pharma giant CEO questioning vaccine timelines LeapRate

May 27, 2020 BY Valentina Kirilova

Daily Market News: Stocks soar despite pharma giant CEO questioning vaccine timelines

What to watch Autodesk: Software firm Autodesk’s clients include engineering, architecture, construction firms and more. Its share price has held up well in 2020, gaining 8.8% year-to-date while the broader market has tumbled, taking its 12-month share price gain to 23.8%. Investors will be watching for how the shutdown of construction projects during the pandemic…

May 27, 2020 BY Steffy Bogdanova

New Zealand FMA adds New Economic Evolution of the World to its warning list

The New Zealand regulator found that New Economic Evolution of the World (NEEW) (formerly Skyway Investment Group, Skyway Capital, Skyway Group) website lists bank account number in the name of a third party in Russia. “RTN” Limited Legal address: 664081, Irkutsk, Krasnokazachya st. 133/5 INN/KPP: 3811031100/381101001 OGRN: 1153850012557 Registration date: 24.03.2015 г. Payment account: 40702810448100001478 Correspondent…

New DXtrade trading platform launched by Devexperts

May 27, 2020 BY Steffy Bogdanova

Devexperts launches SaaS trading platform DXtrade

The trading platform also offers several proprietary trading tools encompassing custom trading journals, dashboards, modern navigation and others on a user friendly mobile and web UIs which improve client acquisition and retention. Conor O’Driscoll, VP of OTC Platform, said: At Devexperts we have been experts in building custom trading solutions for top brokerage firms for…

May 27, 2020 BY Valentina Kirilova

Daily market commentary: The dollar is gaining ground

EUROPEAN SHARES Shares edged slightly higher in Europe on Wednesday despite a mixed session in Asia overnight fuelled by simmering Sino-American tensions. While investors now expect fresh US sanctions as a reply from the Trump administration to China’s behaviour towards Hong Kong, it certainly hasn’t killed the optimistic mood reigning on markets right now. Developments…

May 27, 2020 BY Steffy Bogdanova

Velocity Trade launches Integral workflow automation across its trading network

Velocity Trade can maintain a customizable FX and CFD service to its institutional clients through the wide range of functionality Integral makes available. Integral’s cloud-based platform was integrated in Velocity Trade’s system in a matter of weeks. Ben Brown, Velocity Trade commented: We selected Integral having sought a solution that allowed us to upgrade our…

May 27, 2020 BY Valentina Kirilova

A look at the ASX 200 as it heads into its third decade of trading

The relationship with other indices As with all indices, market sentiment is crucial in driving the value of the ASX 200. It is important to monitor that public sentiment when trading in ASX 200 futures, with the IG online trading platform providing up-to-date analysis on whether traders are generally adopting long or short positions on the…

May 27, 2020 BY Steffy Bogdanova

South Korea’s fintech sandbox raises $110 million funding

The regulator has reported that 36 fintech services have launched through the sandbox after close monitoring for a year. Another 66 services are finishing their final stages, expected to go live sometime in 2021. The $110 million raised in venture capital through the sandbox was brought by 16 of the 54 fintechs in the programme.…

May 27, 2020 BY Valentina Kirilova

Exclusive interview: CFI's Founder Hisham Mansour: "Business dynamics have completely changed"

LR: What are key traders’ demands in 2020 so far? Hisham: Traders demands have not changed much recently with most still demanding a very streamlined user journey, cost efficient and uninterrupted access to the financial markets and most of all a superior execution venue they can rely on to get their orders filled at the best…

May 26, 2020 BY Steffy Bogdanova

CoinShares announces first gold and cryptoasset index on Bloomberg and Refinitiv

Daniel Masters, Executive Chairman of CoinShares commented: Robustly researched and documented index products were the catalyst for institutional adoption of commodities in the late '90's through the advent of the Goldman Sachs Commodity Index. This crypto and gold index aims to do the same, by using academic research and its benchmark regulated status to pass…

FinTech company TigerWit receives Hong Kong SFC licence

May 26, 2020 BY Steffy Bogdanova

TigerWit strengthens its global expansion team with three new additions

Hazim Ismail has extensive knowledge in the Middle Eastern financial landscape and 10 years of experience in the financial industry. At his position of regional director of the MENA markets, he will take charge of the expansion and development of the company strategic solutions in the region. Hazim Ismail said: Our unique solutions are a…