The Cyprus regulator CySEC announced today that it has decided to withdraw the AIFLNP licence of a company named Evolve Private Equity Fund Ltd. The Cyprus explained that it has come to this decision because the company has expressly renounced its authorisation. Evolve Private Equity Fund Ltd. is dissolved and put into liquidation in accordance…
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The Securities and Exchange Commission (SEC) filed charges against an Ohio-based businessman who set up a digital asset scam defrauding around 150 investors, among which many physicians. Michael W. Ackerman allegedly, along with two other businessmen, raised at least $33 million from investors, claiming he developed a proprietary algorithm that traded in cryptocurrencies and generated…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 12, 2020. In US stocks overnight, the loss posted by Lyft in Q4 came in far lower than analysts had been expecting, and the ride hailing company passed $1bn in revenue for the quarter. Despite that,…
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CLS, a market infrastructure delivering settlement, processing and data solutions, has just announced that Actinver, BNP Paribas, Citibank and J.P. Morgan are now live on CLSNet. The aforementioned giants joined the standardized, automated bilateral payment netting calculation service for over 120 currencies operating on a distributed ledger technology (DLT) platform, earlier this week, increasing its…
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The US online trading services provider, GAIN Capital Holdings, Inc. (NYSE: GCAP), announces operating metrics for January 2020. The OTC trading volume for the retail segment was $161.4 billion, making a 23.4% increase in MoM but still down 12.3% compared to January the previous year. The average daily volume OTC trading made a 17.7% MoM…
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Euronext, the pan-European exchange in the Eurozone, today announced trading volumes for January 2020. LeapRate reminds that Euronext acquired Oslo Børs VPS last year, therefore the below information includes all Oslo activity from July 2019. Euronext FastMatch (now Euronext FX) released $398 billion volume (up 19% MoM from December's $333 billion), considering the 22 trading days…
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ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for February 12, 2020. This is not a trading advice. See details below: FOREX The dollar is standing firm following Jerome Powell’s remarks on the impact of the coronavirus on the global economy’s growth prospects. The Chairman of the Federal Reserve acknowledged the potential spread…
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The trading solutions company, Tourmaline Partners, LLC, announced the recruitment of Joe Hodgkins as a senior trader in the firm’s Asia-Pacific office in Sydney. Tourmaline’s Syndey office opened in January 2018 as part of the expansion of the company in the Asia-Pacific (APAC) region and the growing demand for trading services there and increasing interest…
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The Gibraltar Stock Exchange (GSX) announced new additions to the member firm list including Exponential Capital & Markets Inc., Constant Capital (Seychelles) Limited, Mine Digital and Razlin Capital Limited. As an established and regulated market ecosystem, GSX offers enhanced marketability and tax efficiency for issuers and investors. The company works with tier one firms, as…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 11, 2020. Asian stocks have continued their move higher as much of China got back to work after the extended Lunar New Year break, albeit at a significantly reduced level due to self quarantine rules. Many…
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