Bitcoin zealots and enthusiasts were jumping for joy last week when a Russian economist, a Professor Ginko, who works closely with the government, announced that Russia would soon be buying bitcoin. Before the professor could take a breath, the news went viral. He also noted that purchases could occur as soon as February of this…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for January 22, 2019. Highlights include: Rising Inequality a Backdrop at Davos: The annual forum in Davos is a meeting of the world’s wealthiest to try to solve inequality, a problem that has risen following the…
Read more
Copenhagen based Retail FX broker Saxo Bank has informed the public that it has appointed Fan Xu as CEO of Greater China. Fan Xu will be based in Shanghai and will be reporting directly to founder and CEO, Kim Fournais. Fan Xu has over 20 years of experience in financial services and markets, working for companies…
Read more
London based global commodities broker Marex Spectron has just announced that it has completed the acquisition of commodity trading firm CSC Commodities UK Limited (CSC) from BGC European Holdings LP. Marex Spectron has returned to FX markets with a new platform back in October 2018. Last month, the broker announced another acquisition of Rosenthal Collins…
Read more
Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has announced the opening of its new office in China less than four years after launching in the country. SafeCharge's office is located in Shenzhen’s PingAn International Finance Center. The company already has offices in Singapore and Hong Kong. SafeCharge is a member of UnionPay…
Read more
UK online trading leader IG Group Holdings plc (LON:IGG) has just announced its results for the six months ended 30 November 2018 (H1 FY19). As previously communicated, the Company continues to expect that its revenue in FY19 will be lower than in FY18, reflecting the impact of the ESMA measures, and the exceptional performance in…
Read more
Global FX and investment group Credit Financial Invest for Financial Brokerage Ltd. (CFI Jordan), has just announced that it has obtained the approval of the Jordan Securities Commission to start providing its services in four new offices around the Kingdom together with its main branch in Amman. Last year, Credit Financier Invest (CFI) Ltd has launched…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Alph Capital. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…
Read more
The following article is courtesy of Retail FX broker Saxo Bank. Copenhagen based Retail FX broker Saxo Bank has today published its Q1 2019 Quarterly Outlook for global markets, including trading ideas covering equities, FX, currencies, commodities, and bonds, as well as a range of macro themes impacting client portfolios. Steen Jakobsen, Chief Economist and CIO,…
Read more
ING Bank has just announced that it has signed a major 5-year deal with enterprise software firm R3, entitling the bank to an unlimited number of licenses for R3’s commercial blockchain platform, Corda Enterprise. The deal will allow ING to roll out access to Corda Enterprise throughout the bank globally and deploy production-ready CorDapps across…
Read more