OIL The oil price is rebounding on the unexpected outcome of the OPEC+ meeting. The real surprise was Saudi Arabia announcing a voluntary cut of 1 million barrels a day that will be put in place over the next two months. The market reaction showed enthusiasm for the decision, with oil jumping by 5% to…
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The new amendments also allow MAS to impose measures on DPT service providers to ensure better consumer protection and to maintain financial stability and safeguard the efficacy of monetary policy. MAS stated: We have seen recent development of new forms of DPTs which values are pegged to stable assets to gain users’ confidence. It is…
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The company stated: Verification can take up to 24 hours to be processed, so please get started before 8 January 2021. If you don’t verify your identity in time, we won’t be able to transfer your account(s) to IG Europe and we may need to close them. When the transfer process is complete, the company…
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Edgewater Markets announced the expansion of its technical team in September, with two senior hires joining the firm to work on the company’s white label product offering. Abrahams will bring continued focus on the quality of Edgewater Market’s technical offering. Edgewater’s suite of proprietary electronic pricing technologies is operated out of LD4, NY4, TY3 and…
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Founders and Managing Directors of CFI Financial Group, Hisham Mansour and Eduardo Fakhoury commented: The latest improvement is only the latest of a series of ongoing positive changes that we aim to continuously apply. Decreasing trading costs creates a more favourable environment especially for active traders who are constantly opening and closing positions in the…
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Cboe Global Markets Chairman, President and CEO Ed Tilly said: Through our successful collaboration on Cboe LIS, Cboe and BIDS Trading have established a proven track record in delivering best-in-class block trading capabilities for European equities. We are excited to have Cboe's reach extend into the off-exchange segment of the U.S. equity markets through its…
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EUROPEAN SHARES European markets had a mixed opening on Tuesday after the biggest sell-off of the first trading session of a year since 2016. Despite vaccines being deployed, record virus numbers in many areas as well as full lockdowns in a few hotspots, like England, are denting this week’s market sentiment. While many traders keep…
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The directorial change announcement followed a report of strong results for the company for 2020. Plus500 announced a record performance in FY 2020, with revenue expected to reach $872 million (In Q4 2020 the revenue was approximately $91 million). The company plans to publish its preliminary results for the financial year on 17 February. David…
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FXSpotStream’s ADV for all of 2020 reached $42.648billion, up 18.52% when compared to 2019’s ADV of $35.983billion. December’s ADV of $42.787billion was 27.22% more than CBOE HotSpot’s ADV of $32.687billion – exceeding CBOE/HotSpot’s ADV every month since April 2019. December registers as the eighth month of 2020 with an ADV over USD40billion, compared to two…
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From a technical point of view, the key resistance around $1,900 has now clearly been broken. Moving averages also flipped back to a strong buy signal in the week before Christmas, with both the 50 and 100 SMAs golden crossing the 200. Buying in now looks like a significant risk, though, given clear overbought conditions…
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