eToro
May 31, 2021 BY Steffy Bogdanova

eToro partners with Racing League

Dylan Holman, global sponsorship senior manager at eToro commented: We are delighted to add eToro Racing to our global sponsorship programme. As a leading investment platform with over 20m registered users worldwide, we believe sponsorships are a powerful tool for delivering financial education and opening up the global markets to everyone. We are excited to…

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Bank of Japan Governor Kuroda casts doubt on Bitcoin
May 31, 2021 BY Steffy Bogdanova

Bank of Japan Governor Kuroda casts doubt on Bitcoin

Kuroda went on to differentiate Bitcoin from stable coins which are known to have their value backed up by assets. Stable coins are also obliged to meet regulatory governance codes and legal standards, meaning that the Governor is under the impression that they could well become a suitable trading alternative in the near future. Volatility…

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fine
May 28, 2021 BY Steffy Bogdanova

EU imposes €6.45 million fine on ICAP for yen cartel

The EU competition enforcer said in a statement: Today’s decision, correcting the procedural error and including a detailed reasoning on the fine calculation, imposes fines on the three entities of ICAP having participated in the five infringements at the time. The ruling from 2015 accused ICAP of Libor rigging the yen in several cartels with…

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CFTC
May 28, 2021 BY Steffy Bogdanova

LJM charged with commodity pool fraud by CFTC

The CFTC now claims that these worst-case scenarios were in fact not based on historical scenarios at all and that LJM’s legitimate internal historical scenarios displayed losses far greater than 40% for each strategy. The complaint goes on to allege that around the tail-end of 2017 through to February 2018, LJM dramatically deviated from its…

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Forex Weekly Look Back
May 28, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: HSBC winds down US retail banking business, Playtech to sell Finalto for $210 million

The governor of the Bank of Korea suggested that cryptocurrency trades from South Korean citizens are a potential threat to the country’s financial system. Increased trading of virtual assets – known for their volatile pricing – is threatening to leave the nation’s financial system at risk of instability, according to the Governor of the Bank…

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Bank of Korea to curtail leveraged crypto trading
May 28, 2021 BY Steffy Bogdanova

Bank of Korea to curtail leveraged crypto trading

These statements from Lee may not come as a surprise from those who know the governor’s policies, the chief who takes the title of being the second-longest-serving in his position having previously taken a similar stance on cryptocurrency in recent years. Lee has suggested that the central bank needs to engage in “close cooperation to…

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May 28, 2021 BY Steffy Bogdanova

Iconic Funds to list Bitcoin ETP on SIX

The new Iconic Funds Physical Bitcoin ETP, available in two trading currencies, will offer investors a selection of 32 Bitcoin ETPs and structured products at SIX to choose from. The number of ETP issuers now rises to nine, following the recent addition of ETC Group as well as CoinShares and SEBA Bank in the first…

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Capital.com
May 28, 2021 BY Steffy Bogdanova

Capital.com extends trading hours with pre-market and after-hours trading

Jonathan Squires, CEO, Capital.com said: By extending Capital.com’s trading hours, we can offer our clients greater flexibility, enabling them to take advantage of more opportunities. Experienced traders can use the extended trading hours to quickly respond to the latest events, announcements and reports published before the market opens or after its close. The pre-market and…

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Refinitiv
May 27, 2021 BY Steffy Bogdanova

Refinitiv head David Craig to leave LSEG

Andrea Remyn Stone, Chief Product Officer, Data & Analytics stated: As the global financial community faces rapid change, we are uniquely positioned to partner with our customers to deliver the innovative data, analytics and investment insight solutions they need. Craig will operate in an advisory capacity until the end of his term. David Craig, Group…

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