Skilling gets new licence
May 19, 2020 BY Steffy Bogdanova

Forex and CFD broker Skilling secures FSA Seychelles licence

André Lavold, CEO of Skilling Group, commented: The acquisition of the prestigious Seychelles licence is a very important milestone for our global expansion. Since our launch in Europe last year, we proudly witnessed a high demand for our product. We have worked continuously in the past 12 months to make our trading platform even faster…

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Huobi DM volumes
May 18, 2020 BY Steffy Bogdanova

Huobi Group rebrands its derivatives exchange to Huobi Futures

Spokesperson and the Head of Huobi Global Business, Ciara Sun, said: The last few quarters have been particularly exciting for the crypto derivatives market, but I'm more excited that the increased activity we're seeing today may be a catalyst for widespread crypto adoption. Rising demand for crypto derivatives from both institutional and retail user bases…

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weekly markets analysis
May 18, 2020 BY Valentina Kirilova

Weekly data preview: more stimulus in view from the Fed

Key data points Bold indicates the most important release for this symbol. Tuesday 19 May, 20.30 GMT: API crude oil stock change: previous 7.6 million Wednesday 20 May, 14.30 GMT: EIA crude oil stock change: previous negative 750,000 Friday 22 May, 17.00 GMT: Baker Hughes Oil Rig Count: previous 258 Euro-pound, daily The upside seems…

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AMF issues impersonators scam warning
May 18, 2020 BY Steffy Bogdanova

French regulator suspends ban on short selling

AMF wanted to avoid any pro-cyclical influence that the considerable uncertainties and decline in the market may have caused and implemented the unprecedented measure of prohibiting net short positions. Since the ban, markets have partly reduced their losses, trading volumes and volatility levels, although still high, have resumed to more normal positions. The French market’s…

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ASIC suspends AFS license
May 18, 2020 BY Steffy Bogdanova

ASIC cancels Tailormade Financial Strategies’ AFS licence

Responsible entities holding an AFS licence are obligated to have the minimum level of net tangible assets of $150,000. Ausfunds failed to maintain this level of financial resources over two consecutive financial reporting periods, despite reminders from its auditor about the financial requirements of its AFS licence. ASIC has the power to suspend or cancel…

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