Daily Market News: UK and US retail sales plunge and US manufacturing suffers biggest decline since 1946 LeapRate

April 16, 2020 BY Valentina Kirilova

Daily Market News: UK and US retail sales plunge and US manufacturing suffers biggest decline since 1946

What to watch Abbott Laboratories: Medical giant Abbott Laboratories announced this week that it is launching its third coronavirus test, and that it could be screening up to 20 million people for Covid-19 antibodies by June. While its previous two tests can show whether a person currently has the disease, the new test will show…

April 16, 2020 BY Steffy Bogdanova

Adrian Crockett joins OpenFin as Chief Product Officer

Before Pellucid, Crockett was head of investment banking strats groups at Credit Suisse and Merrill Lynch, where he managed quantitative corporate finance advisory practices and digital transformation efforts. Prior to that, he served for several years as a Director at Deutsche Bank in the UK after beginning his career in Sydney. At his new role…

April 16, 2020 BY Valentina Kirilova

Daily market commentary: The collapse of the oil price is not over yet

OIL The collapse of the oil price is not yet over. As mentioned in previous comments, the new agreement seems to be massive but in reality it is simply not enough in the face of the collapse in oil demand, leaving producers in serious crisis. In just a few days we have seen the price…

April 16, 2020 BY Steffy Bogdanova

Exclusive: Brokeree Solutions releases advanced monitoring system for forex brokers

A new risk monitoring solution comes out on time for increased volatility on financial markets. When the large trading volumes start overflooding the markets and increased trading activity puts the current infrastructure to the test, being able to spot potential problems becomes crucial for daily operations of international forex brokers. Brokeree’s System Alerts allows MetaTrader…

April 16, 2020 BY Steffy Bogdanova

Bitcoin “safe haven” debate re-kindled as Fed blows out balance sheet

Kevin Kelly, Delphi’s lead analyst, noted that Bitcoin’s performance year-over-year had yielded a 40% return, despite its recent fall from grace. He added: “There are a handful of asset classes boasting positive returns this year and crypto is one of them. Bitcoin’s latest rebound pushed its year-to-date return back into the black as investors continue…

April 16, 2020 BY Steffy Bogdanova

Deaglo appoints FX industry veteran Paul Stafford as Head of Advisory

Ashley Groves, CEO / Founder of Deaglo, said: Due to the strong interest from clients for our consulting offering, demand for which has increased rapidly given the unprecedented FX market volatility of late, it was important we brought on board an expert to focus on this. Paul is highly respected in the FX industry and…

April 15, 2020 BY Steffy Bogdanova

New Zealand FMA adds Horse Forex and Whitley Trading Group to its warning list

FMA advises caution when dealing with Whitley Trading Group and its website https://www.whitleytrading.com and that the entity might be involved in a scam. Whitley Trading Group does not appear to be listed on the FSPR and is not an incorporated company in New Zealand. The address provided on the website, 1-19 Customs Street West, Commercial…

April 15, 2020 BY Steffy Bogdanova

Cassini Systems announces initial margin partnership with AcadiaSoft

Cassini Systems CEO & Founder Liam Huxley noted: In these times of extreme market volatility and enormous margin swings, it’s particularly vital for market participants to not only ensure they meet the challenges of Uncleared Margin Rules but also understand and manage the true cost of every transaction, from the pre-trade stage all the way…

April 15, 2020 BY Steffy Bogdanova

BidFX Liquidity offering continues to grow with the addition of SEB

SEB Head of e-FX distribution, Carolina Trujillo, commented: We are excited that becoming a liquidity provider on BidFX is enabling us to extend our reach and both follow existing clients as well as get access to new clients. As the leading liquidity provider in Scandinavian currencies, we want to be able to reach out to…

April 15, 2020 BY Steffy Bogdanova

Mobile point of sale infographic shows future benefits and market growth

With the help of on-spot, flexible and instant checkout options, mPOS proves to be an advantage for offering on-the-go cashless transactions for individual business-owners, such as grocery store runners, solo vendors and other mobile businesses such as food trucks, sports venues, flea markets, repair services and so on. For small business owners, the technology is…