The massive global shutdown of the economy caused uncertainty and volatility in the financial market generating dramatic swings in stock prices. The Fed flooded the financial system with liquidity which settled the markets down but there are still risks. Federal Reserve Chairman Jerome Powell said: Additional fiscal support could be costly, but worth it if…
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Yury Denisov, CEO of Moscow Exchange, said: It was a challenging quarter for the Exchange, as we had to ensure operational continuity amid considerably higher volatility and trading volumes, while transitioning most of our staff to work remotely as a result of the COVID-19 pandemic. To comply with quarantine requirements and out of concern for…
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Artyom Gavrichenkov, Qrator Labs chief technology officer said: Throughout 2019 and 2020, we’ve seen a significant raise of DDoS attacks against online trading businesses. Most of the attacks are organized either by cybercriminals to extort funds, or by competing businesses to win the competition. We had a lot of prior experience with MetaTrader 5. After…
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Average daily traded volume submitted to CLS by product (USD trillion)* April 2019 March 2020 April 2020 Forward 0.095 0.129 0.086 Swap 1.175 1.358 1.085 Spot 0.369 0.707 0.379 Total average daily traded volume submitted to CLS (USD trillion) 1.639 2.194 1.550 * Due to rounding, numbers presented throughout the document may not…
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Ripple says the new product manager will oversee how the company can assist customers with working capital loans. He will be responsible for creating the relevant structures for execution of the loan offering, as well as developing the risk capabilities to understand how to price new loan offerings. Working capital loans are usually need by…
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Liu said: These criteria were very clear across all types of traders when it comes to choosing an exchange. However, with pro-traders, whether an exchange is regulated or not is also high on the list, most likely as they are trading in large amounts either for themselves or on behalf of clients. Many novice and…
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FTSE 100 sinks heavily after Fed chair speech, OBR figures London-listed stocks sank sharply yesterday following Federal Reserve chairman Jerome Powell’s downbeat speech in the US on Wednesday. Additionally, in the UK, the Office for Budget Responsibility reported that the cost of government interventions to aid the economy will lead to a budget deficit of…
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Gibraltar-based crypto exchange Huobi offers their own brokerage services as an additional service for institutional clients, although finding companies that offer full range of prime brokerage tools is rare. Headquartered in London, Bequant offers its clients access to spot trading at exchanges and OTC desks. Zarya has said that the firm plans to offer derivative…
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The Bitcoin third block halving event took place this Monday. Every four years the amount a bitcoin minor receives is cut in half as a deflationary measure. The Bitcoin reward has gone down to 6.25 BTC from 12.5BTC. The algorithm behind the halving is designed to limit the total number of Bitcoins issued to 21 million…
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EUROPEAN SHARES European markets showed volatility as they edged higher on Friday as traders weighed up the mixed data from China overnight. Investors were pleased to see the Chinese Industrial Production topping estimates for April but were disappointed by the drop in Retail Sales which highlighted the weakness of demand in almost every sector, and…
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