Chief Executive Offiver, Marc Bailey commented: Our 2019 financial results show the strength and success of our diversified business. This year we have been adapting our processes to deal with the effects of the COVID-19 virus on our working environment and its impacts for our clients and markets. Our dedicated workforce and resilient infrastructure have…
Read more
Alfa Capital’s CEO, Dinos Hadjisavvas said: We are delighted to commence our partnership in offering our FX liquidity through Your Bourse platform. We are looking forward to a successful cooperation between our respective companies and clients coming onboard through the platform. Your Bourse CEO, Andrey Vedikhin, commented: We are happy to welcome Alfa Capital to…
Read more
This caused the price for the future contract of crude oil, with delivery in May, to drop to negative values. Many traders were obligated to receive a product with no way to sell or store it, so they came down to paying $40 per barrel to anyone who would accept to take their product. Trading…
Read more
During the season, AC Milan and ROinvesting will launch a series of digital campaigns around the world allowing clients and fans to experience football in “rossonero” style. ROInvesting has also joined AC Milan and the Milan Foundation in their fight against the coronavirus by donating close to 50,000 euros.
Read more
The bank set out to buy unlimited amount of government bonds by abandoning loose guidance to buy them at an annual pace of ¥80 trillion. The statement said: “The BOJ will purchase necessary amounts of government bonds without setting an upper limit.” The bank pledged to buy government bonds and short-term securities to keep the…
Read more
Centralization concerns raised in the Bitcoin community One of the strengths of the Bitcoin network is that its mining interests are so widely distributed. For that reason, Bitcoinists often tout that they are the most secure network in Crypto-Land. This claim, however, is not an absolute by any means. Bitmain and its subsidiaries have at…
Read more
Other highlights of 2019 include: Establishing a Central Bank of Ireland regulated entity in Dublin as the European Headquarters to ensure client continuity post Brexit. Expansion of Marex Solutions, the corporate hedging and structured notes business. The division marked a 168% increase in net revenue to $18.8 million, The company received S&P Global Ratings endorsement,…
Read more
For its current clients, IS Prime can move positions in its existing US and UK spot indices into the new products. Jonathan Brewer, Managing Partner at IS Prime commented: Many brokers have not recognised the truly catastrophic effect that negative rates can have on them. Individual retail brokers could face losses in the hundreds of millions…
Read more
Alan Marquard, Chief Business Development Officer, CLS, commented: We are delighted to welcome Keith to CLS. He has extensive product management and business development experience and a proven track record of delivering complex industry solutions. In his role at CLS, he will empower our clients’ success by delivering products that address their changing requirements in…
Read more
Foreign-held US dollar debt At the end of January, the Bank of International Settlements published its global liquidity indicators for the period ending in September of 2019. It showed that US dollar debt held by non-bank borrowers had grown by 5% year-on-year to a total of $12.1 trillion. Of this sum, $3.8 trillion was held…
Read more