The Exchange Council of the Frankfurt Stock Exchange (FSE) appointed Michael Klaus as the new Chairman in a constituent meeting yesterday. His predecessor, Michael Rüdiger, left the council. Klaus is a partner at Metzler Bank and a member of the Executive Board of Metzler Holding. Dr. Matthias Zieschang, who is a member of the Executive…
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The following article was written by Alejandro Zambrano, Chief Market Strategist at ATFX UK. With seven days to the January 30 Bank of England rate meeting, the rate markets are anticipating the central bank to ease the interest rate from 0.75% to 0.50% with a likelihood of 61%. Weak GDP growth and comments from the…
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It's been quite a busy week for the UK watchdog FCA. The regulator has put out the details of some more unauthorised companies today. The names of the latest additions to the regulator’s warning list are the companies Instant Bond Compare, as well as the clone firms IPO-FX and WVH Ethical. According to the regulator, the fraudsters are…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for January 24, 2020. This is not a trading advice. See details below: FOREX The euro is showing weakness in the aftermath of yesterday’s ECB meeting, currently trading at $1.1050, after losing 0.4% to the US dollar over the last 24 hours.…
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The Australian Securities & Investments Commission (ASIC) announced yesterday the suspension of the Australian financial services (AFS) licenses of financial services providers Theta Asset Management, Valuestream Investment Management and Global Merces Funds Management. Theta Asset Management Ltd and Valuestream Investment Management Ltd’s licenses have been suspended until 21 July 2020 because two entities are under…
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UK online trading leader IG Group Holdings plc (LON:IGG) announced that it has hired Max Hayden in a new role as Global Head of Institutional Sales. Hayden has over 30 years of experience in the prime brokerage field. Prior to IG, he spent 2 years at ITI Capital, a private equity owned brokerage which covered both Institutional and…
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The Securities and Exchange Commission (SEC) announced yesterday that two whistleblowers were awarded for providing timely and crucial information in two separate cases of fraud. Both whistleblowers assisted SEC in stopping fraudulent schemes exploiting retail investors. The first whistleblower alerted SEC of fraudulent actions and the agency awarded them with more than $277,000 for his…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for January 23, 2020. In US stocks, on the back of a 4.1% share price pop, Tesla raced through the $100bn market cap milestone. The electric car firm’s share price has more than doubled over the past three…
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Michael Spencer, city tycoon and founder of market operator ICAP, now NEX Group, has decided to make a substantial contribution to a new UK fintech fund. Spencer plans to invest at least £25 million in the UK fund Element Ventures, through his private holding company IPGL. This is one of the largest investments made by…
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Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) have announced earlier this week that they have decided to expand their cooperation. Both sides have signed an enhanced Memorandum of Understanding (MoU) on Bilateral Cooperation at the 3rd AMBD-MAS Bilateral Roundtable. The enhanced MoU builds on the longstanding cooperation between both countries…
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