The following article was written by Alejandro Zambrano, Chief Market Strategist at ATFX UK. Cryptocurrency markets have enjoyed an excellent start to the year, and from the December low, the market value of the 5075 cryptocurrencies tracked by Coinmarketcap has risen from 166 billion dollars to 250 billion. Bitcoin, BTCUSD, makes up about 65% of…
Read moreAs of Friday evening, last week, Britain is finally out of the European Union, ending 47 years of membership. Some say that the time of uncertainty is over but the future poses even more questions. Officially, the end of January marked Brexit but it will not actually “kick in” until the end of 2020. There…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 3, 2020. On the first day back trading after the extended Lunar New Year holiday, investors fled Chinese stocks en masse. The Shanghai composite was down almost 8%, thousands of stocks hit their 10% daily limit…
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Singapore-based broker Straits Financial Services Pte. Ltd. just announced that is now providing prime-of-prime (PoP) brokerage services to Spotex, a developer of modular, technology systems for foreign exchange brokers and institutional ECN operator. The partnership enables clients to access institutional FX liquidity via Straits Financial and provides a gateway for brokers to deploy Spotex’s modular…
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The Bank for International Settlements (BIS) Market Committee has encouraged more participants in the foreign market exchange (FX) market to take up the FX Global Code of Conduct. The code was launched 2017 as a voluntary set of good market practices, today its turnover is more than &6.6 trillion a day. Its scope covers ethics,…
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ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for February 3, 2020. This is not a trading advice. See details below: FOREX/BREXIT The Pound lost more than 0.3% to the US dollar and is also down against the Euro, during early Monday trading, as the markets brace for a Boris Johnson speech, during…
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Specialized payments platform Paysafe announced las week that its collaboration with Google Play Store has expanded into 6 more countries. The eCash solution paysafecard will be available as payment option from Google Play in Switzerland, Italy, Portugal, the Netherlands and Belgium. The partnership originally launched the paysafecard in Poland. The payment option was later accepted…
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Euronext announced yesterday that Øivind Amundsen was appointed as CEO of Oslo Børs VPS Holding and Oslo Børs. Amundsen’s nomination is approved by the Boards of Oslo Børs VPS Holding ASA and Oslo Børs ASA. Amundsen has been with Oslo Børs since 2010 as head of the legal department and Executive Vice President of Primary…
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The Australian Securities and Investment Commission (ASIC) has imposed new conditions on the Australian financial services (AFS) licence of BGC Securities Australia (BGC) to ensure that BGC’s disposition can accommodate compliance with obligations related to fixed income solutions business. The additional conditions instruct the appointment of an independent expert for review and assessment of BGC’s…
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The Financial Conduct Authority (FCA) publish today guidelines for financial services firms as Brexit is looming over. On 31 January at 11pm the UK is set to leave the European Union (EU). The FCA informs that the implementation period ends on 31 December 2020, until then EU law will continue to apply. UK firms and…
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