Crypto firms in the UK are abandoning their FCA registration
June 17, 2021 BY Steffy Bogdanova

The FCA reports that 2.3 million people now hold crypto

The FCA stated: Enthusiasm for cryptoassets is growing with over half of crypto users saying they have had a positive experience so far and are likely to buy more (rising from 41% to 53%). Fewer people also regret having bought cryptocurrencies, down from 15% to 11%. The research reveals that 1 in 10 of the…

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daily market analysis
June 17, 2021 BY Steffy Bogdanova

Daily market commentary: The Dollar Index has risen more than 1.2%

OIL Oil prices dropped back from multi-year highs late on Wednesday, after the Federal Reserve indicated its intention to raise interest rates faster than previously thought, triggering a dollar rally. With the Fed becoming hawkish, the dollar is likely to continue to rally in the days ahead, representing a headwind for oil and other commodities.…

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Acuity Trading Barcelona
June 17, 2021 BY Steffy Bogdanova

Acuity Trading Launches R&D Hub in Barcelona

Andrew Lane, CEO of Acuity Trading, said: We continue to lead the fintech market with alpha-generating alternative data and highly engaging trading tools using the latest in AI research and technology. To maintain this momentum and meet the need for new future-focused technologies to support the evolving fintech market, it is essential to invest and…

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FXSpotStream
June 17, 2021 BY Steffy Bogdanova

Ross Smith joins FXSpotStream as Legal Consultant

FXSpotStream’s announcement stated: Ross has a rich FX background, most recently serving as Head of Legal with 360TGTX, Inc. Prior to that, Ross served as General Counsel to GTX Bermuda and holds a J.D. from Seton Hall University of Law. Smith was head of legal at 360TGTX for almost 3 years and before that spent…

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Broadridge
June 17, 2021 BY Steffy Bogdanova

Broadridge appoints Ray Tierney as President of Itiviti

Tierney has spent 35 years in capital markets experience. Most recently, he served as Global CEO of Trading Solutions at Bloomberg LP, where he led the design, development, and operations of the firm’s global multi-asset, buy- and sell-side order management system. He has previously served as CEO and President of Bloomberg Tradebook LLC, and worked…

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Global Kapital secures license from Finra to operate in America
June 16, 2021 BY Steffy Bogdanova

Global Kapital secures license from FINRA to operate in America

Gokhan Erkiralp, GK Group Brokerage CEO, commented: Since 2020, Global Kapital Group has initiated a strategic journey to expand its international reach and introduce its products to an ever-increasing number of customers. We are excited that today the next step in our global growth strategy brings us into the world's largest financial market. GKG revealed…

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Swissquote
June 16, 2021 BY Steffy Bogdanova

Swissquote expects a jump in revenue in H1 2021

The announcement stated: The strong organic growth that has been ongoing for months continues at Swissquote. Since the beginning of the year, Swissquote has been registering a massive inflow of new clients and new assets. The first months of 2021 have seen strong trading activities in Swissquote’s main revenue segments (fee and commission, eForex and…

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partnership
June 16, 2021 BY Steffy Bogdanova

TrueFX adds Straits Financial to its clearing member network

Harpal Sandhu, CEO of Integral and technology provider for TrueFX, added: The size and scale of our growing clearing network allows us to offer significant cost savings to even more clients, brought around by the venue’s integrated liquidity, clearing and technology. We are thrilled that Straits Financial has joined as a clearing member and their…

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daily market analysis
June 16, 2021 BY Steffy Bogdanova

Daily market commentary: The pound gained ground following the publication of UK inflation data

OIL Oil prices reached new multi-year highs during early Wednesday trading, with Brent touching $74.71, the highest watermark since October 2018. The current prices illustrate a plainly bullish stance amongst investors who clearly are betting on the continuation of this upwards trend, due to rising demand as economies emerge from lockdowns, with many now expecting…

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SEC acts against 11 firms neglecting electronic communications
June 16, 2021 BY Steffy Bogdanova

3 individuals charged with covering up $30 million ICO Fraud by SEC

On top of the concealment charge, authorities have also accused the three new defendants of being well aware of Manor’s background in criminal activities. The latest SEC press release stated: To conceal Manor’s involvement and his history from investors, they used Manor’s chosen alias ‘Shaun MacDonald’ in ICO related-communications and helped create and distribute materially…

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