Moscow Exchange launches new futures contract LeapRate

February 10, 2020 BY Steffy Bogdanova

Moscow Exchange launches new futures contract

The Russian market operator Moscow Exchange Group (MOEX), announced earlier today the launch of cash-settled futures contract on Russian Secured Funding Average Rate, denominated in USD (RUSFARUSD). The new futures contract tracks CCP-cleared repo orders rates and trades General Collateral Certificates (GCC) in USD on MOEX’s Money Market. Igor Marich, FX and Money Market Managing…

February 10, 2020 BY Steffy Bogdanova

Daily market commentary: Markets open lower in Europe today

ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for February 10, 2020. This is not a trading advice. See details below: FOREX The yuan gained more than 0.25% to the US dollar, following the publication of positive Chinese inflation data and the return to work of millions of workers. The Lunar New Year…

Intercontinental Exchange Inc. (NYSE:ICE)

February 10, 2020 BY Steffy Bogdanova

ICE reports Q4 and full year results for 2019

The American financial market company Intercontinental Exchange (NYSE:ICE) released a report for its fourth quarter and year ending 31 December 2019. ICE reported $448 million of adjusted net income on $1.3 billion of consolidated revenues, a 26% YoY decrease from $611 million in Q4 2018. ICE’s earnings per share (EPS) amount to $0.80 in Q4…

February 10, 2020 BY Steffy Bogdanova

ESMA releases double volume cap numbers for 2019

The European Securities and Markets Authority (ESMA) updated last week the double volume cap (DVC) register on its website under the Markets in Financial Instruments Directive (MiFID II). The DVC report includes the DVC data for 2019 and updates on already published periods. The agency reports 66 new DVC breaches – 55 equities for the…

February 07, 2020 BY Valentina Kirilova

Saxo Bank names Stig Christensen its new CSO

Multi-asset trading and investment firm Saxo Bank has announced earlier today that it has appointed Stig Christensen as its new Chief Sales Officer. Christensen is not new to Saxo, as he has served as Chief Human Resources Officer at the company since 2016. Kim Fournais, founder and CEO, commented on the news: We are very…

February 07, 2020 BY Steffy Bogdanova

АSIC wins in binary options case against One Tech Media, Allianz Metro, Eustace Senese and Yoav Ida

The Federal Court found One Tech Media Ltd, (OTML), Allianz Metro Pty Ltd, Eustace Senese and Yoav Ida in breach of the Corporations Act for pressure sale of binary options. The Seychelles-based company OTML was caught trading binary options without Australian Financial Services Licence (AFSL) and without providing the necessary product disclosure statements. Justice Davis…

February 07, 2020 BY Valentina Kirilova

AxiCorp to acquire trading tech firm Star Financial System

Australia-based FX and CFD trading provider AxiCorp has earlier this week announced that it will acquire the UK-headquartered trading technology firm Star Financial System. The cash-based deal will include Star’s technology, staff, operations and licenses, but it does not necessarily represent a signal for radical change. AxiCorp’s CEO Rajes Yohannan noted in a statement that…

February 07, 2020 BY Valentina Kirilova

Ex-CEO of Saxo Bank, Matt Long, joins Asia’s crypto company OSL

Matt Long, Saxo Bank Hong Kong’s former CEO, has joined Asia’s digital asset platforms for professional investors OSL. Long will be in charge of OSL’s distribution activities, including institutional and white-label sales and its prime brokerage business, Bloomberg reported earlier this week. The list of bankers and investors from financial companies that have made the jump to…

February 07, 2020 BY Steffy Bogdanova

FCA announces new appointments to the board

Financial Conduct Authority (FCA) announced the addition of Jeannette Lichner and Bernadette Conroy to its board, starting April and August, respectively. The new members will join the FCA for a three-year- term. Having held senior leadership positions in a number of financial organizations, Lichner has vast experience in international financial services. Currently, she serves as…

February 07, 2020 BY Valentina Kirilova

X Open Hub updates its XOH Trader platform

XOH Trader, the trading platform provided by X Open Hub, has just been updated. The regulated London based fintech company introduces new feedback-based trading features. Some of the newly added features include fingerprint and passcode unlocking methods, an option to edit positions from a chart, turning off weekend candles in chart settings, and more. The detailed list of changes…