The massive global shutdown of the economy caused uncertainty and volatility in the financial market generating dramatic swings in stock prices. The Fed flooded the financial system with liquidity which settled the markets down but there are still risks. Federal Reserve Chairman Jerome Powell said: Additional fiscal support could be costly, but worth it if…
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Yury Denisov, CEO of Moscow Exchange, said: It was a challenging quarter for the Exchange, as we had to ensure operational continuity amid considerably higher volatility and trading volumes, while transitioning most of our staff to work remotely as a result of the COVID-19 pandemic. To comply with quarantine requirements and out of concern for…
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Artyom Gavrichenkov, Qrator Labs chief technology officer said: Throughout 2019 and 2020, we’ve seen a significant raise of DDoS attacks against online trading businesses. Most of the attacks are organized either by cybercriminals to extort funds, or by competing businesses to win the competition. We had a lot of prior experience with MetaTrader 5. After…
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Ripple says the new product manager will oversee how the company can assist customers with working capital loans. He will be responsible for creating the relevant structures for execution of the loan offering, as well as developing the risk capabilities to understand how to price new loan offerings. Working capital loans are usually need by…
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Liu said: These criteria were very clear across all types of traders when it comes to choosing an exchange. However, with pro-traders, whether an exchange is regulated or not is also high on the list, most likely as they are trading in large amounts either for themselves or on behalf of clients. Many novice and…
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Gibraltar-based crypto exchange Huobi offers their own brokerage services as an additional service for institutional clients, although finding companies that offer full range of prime brokerage tools is rare. Headquartered in London, Bequant offers its clients access to spot trading at exchanges and OTC desks. Zarya has said that the firm plans to offer derivative…
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The Bitcoin third block halving event took place this Monday. Every four years the amount a bitcoin minor receives is cut in half as a deflationary measure. The Bitcoin reward has gone down to 6.25 BTC from 12.5BTC. The algorithm behind the halving is designed to limit the total number of Bitcoins issued to 21 million…
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The rebranding will cover all of INTL FCStone’s regulatory profiles around the world and will not require any significant action by clients and partners. The company says it will preserve the “significant brand equity” as “Stone” representing the oldest part of the company’s franchise and the “X” is for exchange, digitization and innovation. INTL FCStone…
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With 20 years of professional experience in the financial industry, Thomas has previously worked in in sales and trading for European banks in London and Geneva, such as UBS, Societe Generale and BNP Parisbas. He has led European Innovation fir Fidelity investments and built several successful startups. In 2013, Thomas also co-founded Monito, Lausanne based…
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Luka Mucic, CFO of SAP SE said: Deutsche Börse and SAP are contributing their industry-specific expertise to this project in partnership, thus paving the way for digitalization. Powerful yet flexible IT is the key to meeting the growing demands of the highly regulated financial industry now and, above all, in the future. Deutsche Börse has…
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