daily market analysis
October 02, 2020 BY Valentina Kirilova

Daily market commentary: Gold spikes up by over $20

GOLD Just a few minutes after the announcement that Donald Trump and his wife tested positive to coronavirus, gold has spiked up by over $20. This happened while S&P and Down Jones futures lost more than 1% and the dollar started to weaken again. Bullion is now testing again the resistance level of $1,920, while…

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Wirecard Card Solutions
September 30, 2020 BY Valentina Kirilova

Wirecard ordered to cease payment services in Singapore

Wirecard SG has informed MAS that it is unable to continue providing payment processing services to a significant number of merchants, therefore the Singaporean watch dog has assessed that it is better for Wirecard SG to cease its payments services and promptly return all customers’ funds. With the cessation of Wirecard SG’s payments services in…

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itexsys teams up with Your Bourse to provide MT4 White Label solution
September 30, 2020 BY Valentina Kirilova

itexsys teams up with Your Bourse to provide MT4 White Label solution

Brokers signing up to itexsys’ MT4 White Label through Your Bourse will have access to the full Your Bourse technology package, which includes a bridge, matching engine and liquidity aggregator, real-time and historic reporting tools and data warehousing functionality. As Your Bourse’s package evolves, all clients will be given access to the new tools within…

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CFTC penalty
September 30, 2020 BY Valentina Kirilova

CFTC orders Gain Capital to pay $300,000 for supervision violations

According to the regulator's order, from 2014 to 2016, the company failed to supervise accounts by not following its policy regarding trade move requests and having inadequate policies and procedures for reviewing customer accounts, introduced by Foremost Trading LLC and traded by the company’s principal, Mark Miller..  Gain also failed to ensure that its employees…

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ASIC
September 30, 2020 BY Valentina Kirilova

ASIC bans BGC Securities broker for 10 years

According to the regulator, Moore breached a contractual agreement between BGC and a referring broker by: charging unpermitted spreads on transactions entered on behalf of a number of accounts of clients referred to BGC by the referring broker; and trading at prices other than the agreed independent valuation on transactions entered on behalf of a…

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