Binance accused of alleged embezzlement of $860K by Ukrainian national LeapRate

Binance seeks to curb SEC’s hunt for “fraud”

April 10, 2020 BY Valentina Kirilova

Binance accused of alleged embezzlement of $860K by Ukrainian national

Copies of South Korean correspondence were also shared with Ukrainian Police officials, when they investigated the owner’s complaint in April of 2019. According to reports from the Bitcoinist: The company explained the incident and was told that no further assistance was needed, suggesting that the agency was satisfied with the explanation.” The owner of the…

April 10, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Financial markets and bitcoin in recovery, Japan to enforce new crypto laws

The Cyprus Securities and Exchange Commission (CySEC) suspended this week the Cyprus Investment Firm (CIF) authorisation of Cyprus Investment Firm Belight Capital Group Ltd on violations of regulatory requirements. Financial markets have been in recovery mode for the past several weeks after falling precipitously in mid-February due to the global COVID-19 pandemic. Bitcoin, to the…

the Dow Jones is up by 30% from its March low

April 10, 2020 BY Valentina Kirilova

Don’t be surprised by the sharp rise in the Dow Jones

China 2020 Earlier this year, the same happened. When the coronavirus cases started to pick up in China, the Shanghai composite started to decline. The cases picked up quickly. However, the Chinese government acted fast, and on February 4, the Shanghai composite bottomed out, and about one day later, we saw the peak in the…

April 10, 2020 BY Valentina Kirilova

CLS’ ADV up 21% MoM in March

CLS’s Head of Information Services, Masami Johnstone, commented: "The impact of COVID-19 on the global economy significantly increased in March 2020, with the World Health Organisation taking the expected step of declaring a pandemic on Wednesday 11 March. The multiple nationwide lockdowns had a significant impact on investor sentiment which led to sharp stock market…

April 09, 2020 BY Steffy Bogdanova

SGX reports heightened volatility in March market statistics

Securities Market Due to the high volatility, the total securities market turnover value spiked higher by 124% YoY with S$48.2 billion and securities daily average value (SDAV) rose to S$2.2 billion with 114% YoY. SGX’s leveraged products segment drew steady interest from traders in search of short-term opportunities. The volumes of structured warrants and daily…

April 09, 2020 BY Steffy Bogdanova

Horizon Software opens is platform iSTOX for trading

Vincent Dumontoy, Head of Client Solutions & Services at Horizon, commented: We are happy to be the first electronic platform to provide a direct connectivity to the new platform. Some of our clients are currently starting to issue DeltaOne tokenised securities on iSTOX. Capital markets have seen many changes and innovations over the years, and…

BGC Partners updates its second quarter outlook with lower expectations

April 09, 2020 BY Steffy Bogdanova

Former Cboe FX COO Paul Reidy joins BGC Partners as Head of Brokerage Technology

Reidy joins ex-Cboe FX alums (including via predecessor companies Hotspot FX and KCG) Howard Silverman, Barry Calder, Steve Bisgay, Jeff Headley, Steve Sadoff, John Colantuono and others there. Reidy has also worked as a Head of FX Technology at BATS Global Markets, as Managing Director at Knight Capital Group for almost ten years. He as…

April 09, 2020 BY Valentina Kirilova

Daily market commentary: Shares are trading higher in Europe

OIL After yesterday’s oil price rally, investors are in a wait and see mode as the OPEC+’s key virtual meeting approaches. It will be crucial for the group to reach a quick agreement to mitigate against the worst-case scenario of an enduring global glut, which was the result of the failure of the previous OPEC…

April 09, 2020 BY Valentina Kirilova

Exclusive: BidFX appoints former GAIN GTX executive as Head of Greater China

Wong has sales experience in working in the capital markets industry and skills in Trading Systems, Derivatives, Commodity Markets, Foreign Exchange (FX) Options, and Currency which he is going to bring to his new role at BidFX. We reached out Wong for comment on his new role, here's what he said: Personally, I am very excited to join…

April 09, 2020 BY Valentina Kirilova

Daily Market News: Markets rise on infection peak optimism and stimulus hopes

What to watch US jobless claims: Another week of initial jobless claims data will be released on Thursday, after 10 million new people filed for unemployment in the US over the past two weeks. The consensus expectation, which last time was way below the mark, is for a figure of six million this week. Currently,…