Category: Forex

European stock market experiences positive change
October 20, 2022 BY Steffy Bogdanova

Daily market commentary: Uncertainty and scepticism linger as the short- to mid-term outlook remains blurry

This starts raising questions over stock/riskier assets exposure for professional investors, a situation that could drive benchmarks to new annual lows if fundamentals don’t show any sign of improvement. Technically speaking, most stock indices failed to clear their major resistance levels yesterday as buyers aren’t strong or numerous enough to keep control of stock markets…

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October 20, 2022 BY Steffy Bogdanova

CySEC initiates ICF compensation for Maxigrid clients

Under the ICF, clients of locally regulated financial services companies have protection from CySEC of up to €20,000, in case of the financial services company becomes bankrupt or is unable to return customer deposits. Maxigrid background The company ran its business from Cyprus after it secured a Cyprus Investment Firm (CIF) license in 2011. That…

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Spectrum Markets
October 19, 2022 BY Steffy Bogdanova

Spectrum Markets sees turnover jump of 136% in Q3

Furthermore, the total value turnover for the quarter hit €836 million, recording an increase of 136% on yearly basis. During the second quarter of 2022, the company's total value of turnover stood at €879 million in Q2, up by 250% year-on-year. Nicky Maan, Spectrum Markets CEO, commented: I’m very happy to announce another strong quarter,…

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October 19, 2022 BY Steffy Bogdanova

Daily market commentary: UK consumer prices return to levels not seen for 40 years

European Shares Share markets pared earlier gains on Wednesday, extending Asian losses while US futures also point to a lower open. This bearish sentiment remains mostly driven by profit-taking moves after benchmarks hit key resistance levels, following a two-day rally, while major uncertainties linger. EU stock investors have been disappointed by a higher-than-estimated UK CPI report earlier…

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Alpha FX Group hires Tim Powell
October 19, 2022 BY Steffy Bogdanova

Alpha FX Group appoints Tim Powell as Chief Financial Officer

Prior to joining the London Stock Exchange Group in 2005, Powell started his career at CLB Littlejohn Frazer and British Telecom Group. Morgan Tillbrook, CEO commented: Tim Powell's appointment followed a meticulous selection process, and the advance notice of Tim Kidd's retirement gave us the opportunity to cast the net far and wide and conduct…

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Interactive Brokers
October 19, 2022 BY Steffy Bogdanova

Interactive Brokers registers 70% increase in revenue in Q3

Between July and September, pre-tax income came in at $523 million, with the adjusted figure at $580million. These numbers were up from the figures of the third quarter the previous year – $234million and $420million, respectively. During the third quarter, other income came down to $48 million from $170 million. This figure was improved by…

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