Much has been written about the consequences of Brexit and the possibility of a “no deal” divorce from the EU. Financial services businesses, especially forex brokers, have considered relocating to the EU to retain their respective customer bases. The loss of jobs in the labor market and the ensuing “brain drain” have also been cited,…
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When the going gets tough, the tough get going, or so it seems with Deutsche Bank. The troubled German titan on the global banking scene had no sooner filled one of its major profit centers with a new pedigreed foreign exchange trader and specialist than the fellow up and quit without explanation. Ernesto Mercadente no…
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CFH Clearing, TradeTech Group’s liquidity provider and Prime of Prime brokerage has just announced that it has teamed up with Noor Capital, a UAE-based regulated financial institution and will now focus exclusively on institutional clients and professional traders across the Middle East. The partnership will redefine institutional liquidity for the region by coupling CFH’s multi-asset…
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Coinfloor is UK's oldest-running crypto exchange and it now plans to drop both Ethereum and Bitcoin Cash. The delisting of Ethereum is expected to happen next month. The primary reason cited is that the future of hard forks is quite unclear and there is a current need for burdensome technical support for the coin. Coinfloor…
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The Hong Kong protests have pushed investors from around the globe to pull out nearly $5 billion in funds since April 2019, as reported by the Financial Times and the Bank of England. What is staggering is that this amount represents 1.3% of the GDP of Hong Kong. The data comes from Refinitiv, the Bank…
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Authorities in Russia have prosecuted two Russians for illegally mining cryptocurrencies using government computers. The news comes from local press coverage TASS. According to TASS, the two Russian men were targeting the hardware of Russian state organizations to mine digital coins using web browsers. The published report on the news does not reveal the identities…
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The "people's currency" is yet again experiencing lows and this time the reason may be a very serious one. It's usually market sentiment and recent price decreases have been less than volatile, as Bitcoin was trading around $8,000. What is even more concerning is that Bitcoin was noting new highs recently, "assuring" investors of brighter…
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The tension between the United States and China has started to slowly decrease. And such tension ebb is affecting the global stock market in a very positive way, as noted by the Financial Times. On Monday, December 16, global stocks saw new record highs. The primary reason was that China and the US de-escalated the…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for December 17, 2019. This is not a trading advice. See details below: FOREX/BREXIT The pound is down by 0.8% against the dollar with investors reacting to reports that Boris Johnson is planning a law to prevent an extension of the post-Brexit…
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CySEC regulated brokerage company XSpot Markets (EU) Ltd., has just announced that it has teamed up with innovative brokerage technology company TraderEvolution Global. The firm will deliver its multi-market trading software suite to enable access to a true multi-asset offering. XSpot Markets will be using a multi-market trading software tailored for brokers and banks and…
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