daily market analysis
June 03, 2021 BY Steffy Bogdanova

Daily market commentary: Stock indices slid lower, extending overnight losses in Asia

EUROPEAN SHARES  Stock indices slid lower on Thursday, extending losses registered overnight in Asia, amid decreasing appetite for riskier assets ahead of key macro data. Today’s market sentiment is a reaction to the recent hawkish comments from Fed officials about tapering, confirming what many investors have been anticipating for the last couple weeks. However, even…

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FCA regulation
June 03, 2021 BY Steffy Bogdanova

The FCA extends the temporary registration regime for crypto firms

Anti-money laundering and counter terrorist financing legislation are designed to protect against the transfer and disguise of funds from criminal activity, or funding of terrorist groups. The FCA stated in the official announcement: While this is not the only element that the FCA will assess in relation to an applicant, the FCA will only register…

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Eurex
June 03, 2021 BY Steffy Bogdanova

Eurex extends its reach in Asia with new derivatives

Additionally, options and futures which feature on both the MSCI China Hong Kong Listed Large Cap Index and the MSCI Hong Kong Listed Large Cap Index also provide investors with the opportunity to gain vital exposure to some of the largest firms listed in Hong Kong. The MSCI Hong Kong Listed Large Cap Index works…

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June 03, 2021 BY Steffy Bogdanova

Exclusive Capital announces technology partnerships with FXCubic and Liquidity Connect

Victor Hendrix, CEO at Liquidity Connect said: It is always a pleasure to work with the team at FXCubic. The combination of their bridge and aggregation technology with Liquidity Connect’s infrastructure provides clients with a market-leading robust, secure and ultra-low latency trading environment.  Without question, referrals are the greatest compliment we can receive.  We are…

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eToro
June 03, 2021 BY Steffy Bogdanova

eToro files registration statement of its Spac acquisition

The two companies submitted a draft registration statement on Form F-4 to the SEC, which is technically not an IPO prospectus. After many publications in the media about the Israeli trading company’s intentions to go public, in March, eToro confirmed its plans to merge with blank check company FinTech Acquisition Corp. V and become listed on NASDAQ.…

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The Archegos story - what FX brokers can learn from it?
June 02, 2021 BY Steffy Bogdanova

The Archegos story - what FX brokers can learn from it?

Prime Brokerage Services include actual “physical”,or cash, financing (loans,for example) and “synthetic” financing (leveraged trading in FX terms). Qualified financial institutions (Hedge Funds, Prime of Primes, Family offices) borrow money from Prime Brokerages to place leveraged orders. The amount of leverage given is determined, exclusively, based on the client profile (background, trading style, capital etc).…

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daily market analysis
June 02, 2021 BY Steffy Bogdanova

Daily market commentary: Europe still lags behind the US

EUROPEAN SHARES  European shares fluctuated after the opening bell, carrying on the trend from Asian markets, amid uncertain market sentiment. While market volatility is slowly decreasing this week, the price movements seem to be increasingly lacking in direction as many investors remain torn between the global economic recovery and inflation concerns. Most traders are now…

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ASIC
June 02, 2021 BY Steffy Bogdanova

Forex CT hit with $20 million penalty for unconscionable conduct

The firm was also found to have employed high-pressure tactics when it came to making sales, recommended trading sales which were found to be inappropriate for its clients, made deceptive representations to clients, failed to comply with several financial services laws, and finally implemented remuneration schemes and a trading floor culture based on maximum trade…

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