Forex Weekly Look Back: IG Group announces new CFO, TechFinancial terminates all its B2B brokerage services activities LeapRate

May 08, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: IG Group announces new CFO, TechFinancial terminates all its B2B brokerage services activities

ASIC reported an increase in retail activity across the securities market during the Covid-19 period. The Commission’s market analysis shows the turbulent environment of the market increases the risk of loses, especially for retail investors. ASIC has found that some retail investors engage in short term trading strategies unsuccessfully attempting to time price trends. When choosing…

May 08, 2020 BY Steffy Bogdanova

Moscow Exchange reports 13% MoM decline in April volumes

Derivatives Market RUB 10.4 trillion (RUB 15.6 trillion for March 2020) are attributed to derivatives and market volumes, marking a 33% decline. Futures contracts account for 223.8 million, down 18% MoM ( 273.2 million for March 2020) and options for 4.1 million. ADTV was RUB 472.5 billion, registering a 36.6% MoM decrease (RUB 744.7 billion…

May 07, 2020 BY Steffy Bogdanova

Charles Li to step down as chief executive of HKEX

Li started as an oilfield worker in north-eastern China, worked as a journalist and banker before heading Hong Kong stock exchange. The company has formed a selection committee comprised of HKEX Chairman Laura M Cha as head and HKEX Directors Apurv Bagri, Benjamin Hung and Rafael Gil-Tienda to conduct a formal search process. Laura M…

May 07, 2020 BY Steffy Bogdanova

FXCubic joins SquaredFinancial’s list of FinTech suppliers

FXCubic provides institutional and retail brokers with bridging solutions, price aggregation, connectivity tools and risk management automation software globally. The London-based fintech company aims to desig robust and flexible technology. Ege Kozan, Chief Executive Officer at FXCubic, said: We are delighted to welcome SquaredFinancial to our ever-growing portfolio of clients. At FXCubic, we are determined…

May 07, 2020 BY Steffy Bogdanova

The Libra Association appoints HSBC Chief Legal Officer Stuart Levey as first CEO

Stuart Levey said: I am honored to join the Libra Association as it charts a bold path forward to harness the power of technology to transform the global payments landscape. Technology provides us with the opportunity to make it easier for individuals and businesses to send and receive money, and to empower more than a…

May 07, 2020 BY Valentina Kirilova

Daily Market News: China data surprises to preserve stocks rally

Education publisher Pearson was the biggest loser in the FTSE 100 for the day, closing 8.2% down. Again, insurers featured heavily among the biggest winners in the FTSE 250 on Wednesday, with Hiscox jumping 9.6%, and Direct Line 4.5%. FTSE 100: +0.1% Wednesday, -22.4% YTD FTSE 250: +0.7% Wednesday, -27% YTD What to watch Bristol-Myers…

May 07, 2020 BY Valentina Kirilova

Integral volumes down 40% MoM in April as volatility calmed

Integral’s 36.9% MoM decrease is obviously because volatility has dropped as the level of market stress has dropped also. The ADV is 12.5% higher than April 2019, though, highlighting that market volatility is still higher and extra volumes from Integral and Jefferie’s TrueFX platform.

May 07, 2020 BY Valentina Kirilova

Daily market commentary: The pound gains ground against both the dollar and the euro

GOLD The gold price is slightly suffering against the renewed strength of the greenback. The spot price dropped below $1,700 once again, but the decline has been modest so far and it’s not changing the main trend, which remains supportive for bullion. It will be crucial for the spot price to hold above $1,670, as…

Qontigo launches a family of ESG-screened indices

May 07, 2020 BY Steffy Bogdanova

Qontigo expands the STOXX Factor Index suite to include ESG-screened indices

Holger Wohlenberg, Chief Business Officer of Qontigo commented: Built with our institutional factor expertise and ESG-screened index construction rules, these indices offer a new tool to help factor investors achieve their sustainable investing strategies. We are pleased to offer these alongside the recently launched STOXX Factor Indices as two, parallel families with the highest precision…

Crypto markets between a rock and a hard place

May 07, 2020 BY Valentina Kirilova

Why you should consider different cryptocurrency exchanges before making a decision

Robustness Of The Cryptocurrency Exchange Platform Exchange platforms that don’t innovate often are those that allow you to register even without anti-money laundering measures like KYC or know-your-customer guidelines. That means you can usually register using only an email and password. When it comes to structural robustness, one can easily find out how well a…