Category: Forex

March 20, 2023 BY Steffy Bogdanova

XS.com hires Andreea Ilies as Global Head of Events

Mohamad Ibrahim, Group Chief Executive Officer (CEO) at XS.com, said Andreea’s track record in the industry speaks for itself and I’m excited at the prospect of working with such a talented and experienced professional to make these new goals come to fruition. Andreea will play a critical part in driving growth and success for the…

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March 17, 2023 BY Steffy Bogdanova

OANDA launches European operations in Warsaw, Poland

OANDA’s European operations follow the acquisition of Polish broker Dom Maklerski TMS Brokers SA, which was rebranded to OANDA TMS. Niewiadomski added: Now, thanks to our refocused operations, investors and traders in the EU can easily access an extensive multi-asset proposition with the knowledge that they are partnering with a trusted, award-winning, and regulated broker.…

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StoneX
March 16, 2023 BY Steffy Bogdanova

StoneX introduces new US defeasance sales and trading offering, expands team with new hires

Hunter Hill commented: Zach, Les and Joe bring deep relationships with municipal and commercial financial advisors. They will expand our underwriting of and distribution in Agency debentures and provide synergies with our rapid growth in Treasuries. StoneX Financial Inc. (SFI) is a financial services company with an international presence that provides clients with a range…

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March 16, 2023 BY Steffy Bogdanova

Swissquote reports net profit fall of 19% in 2022

Trading Income Swissquote faced challenges in 2022, which impacted most of its revenue streams. There was a 7.6% decrease in net income from fees and commissions, and a 14.3% drop in net eForex income due to lower trading volumes. The net income from crypto assets declined drastically by 72.9% to CHF 27.7 million. The platform's…

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Credit Suisse
March 16, 2023 BY Steffy Bogdanova

Credit Suisse borrows CHF 50 billion to avert liquidity crisis

In the US, the government took emergency steps to give banks more funding to weather the crisis. On Wednesday, however, the focus shifted to Europe, where Credit Swisse falling shares took down the European banking index. Credit Suisse is the first major global bank to receive such an emergency lifeline since the financial crisis in…

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Daily Market Commentary
March 15, 2023 BY Steffy Bogdanova

Global Equity Markets Plummet; Major Support in Focus

Interestingly, we see a comparable picture on the CAC 40—the benchmark stock index from France—and the EU50, which is the Euro Stoxx 50 that houses the largest companies in Europe. The two charts are shown below. You will see that the CAC 40 displays a daily Quasimodo resistance-turned-support at 6,791 that is joined by RSI…

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HKEX
March 15, 2023 BY Steffy Bogdanova

HKEX applies for RMB counter launch for trading HKEX shares

The trading and settlement arrangements and start date for HKEX shares in RMB, under the HKD-RMB Dual Counter Model, will be announced at a later date. HKEX has recently introduced a new HKD-RMB Dual Counter Model in the securities market and a Dual Counter Market Making Programme to enhance liquidity for RMB Counters and reduce…

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CySEC regulation
March 15, 2023 BY Steffy Bogdanova

CySEC reports 4% increase to 837 in regulated entities and imposing €2.9 million Fines in 2022

The Chairman of CySEC, Dr George Theocharides, announced that the supervisory role will be expanded to include European Crowdfunding Service Providers (ECSPs) and Providers of Pan-European Personal Pension products (PEPP). The regulator also plans a technological upgrade in 2023 and an increased focus on investor education, including the establishment of an annual award for two…

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March 15, 2023 BY Steffy Bogdanova

Scope Markets hires Yaser Zidan as MENA sales manager

Prior to joining Scope Markets, Scope Markets spent his entire career within the forex industry at Equiti. According to his LinkedIn profile, he joined the group in 2016 as senior account manager, where he spent almost seven years. He also served as Vice President of Sales at Equiti in Jordan from May 2018 until his…

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