Category: Forex

Reduced retail sales curbs the pound
November 16, 2022 BY Steffy Bogdanova

Daily market commentary: The pound lost ground to other major currencies, following the release of UK inflation data

Such a scenario will no doubt impact the sentiment of investors, reducing the appeal of pound denominated assets. With further bad news likely to arrive on Thursday, when the Chancellor of the Exchequer is expected to announce a number of fiscally restrictive measures, there may be scope for more sterling weakness. Ricardo Evangelista – Senior…

Read more
November 15, 2022 BY Steffy Bogdanova

eToro teams up with Broadridge to enable proxy voting

The data further revealed that younger investors are significantly more likely to want to have a say than older investors. In particular, 80% of participants in the survey between the age of 18 and 34 said they wanted to vote at AGMs if given the chance and 50% of investors around the age of 55.…

Read more
November 15, 2022 BY Steffy Bogdanova

Vantage announces new UK liquidity service for institutional traders

The offering includes including in-house built risk management and their PAMM (percentage allocation management module). It is customised to fit the clients' needs across the full range of Vantage's services and can be accessed via an API. David Shayer, UK CEO at Vantage, commented: Market volatility often brings opportunities for those who know where to…

Read more
ASIC ban
November 15, 2022 BY Steffy Bogdanova

ASIC slaps a 10-year ban on unlicensed CFD trader

In its investigation, ASIC found that Suncoast Trading, Equity Trade, nor Jennings hold the necessary Australian Financial Services licence to provide financial services. Furthermore, it was discovered that Jennings had some clients put their deposits into his personal trading account and traded CFDs without consulting them. He made false or misleading statements to his clients…

Read more
Equiti opens a Cyprus office
November 14, 2022 BY Steffy Bogdanova

Equiti opens a new office in Cyprus

Hesham Hasanin, CEO of Equiti Global Markets in Cyprus, said: We are very excited to be in Limassol and have access to its large pool of talented people to expand our business in Europe. The welcoming hospitability and support of the local community and our partners in Limassol has been remarkable. We look forward to…

Read more
Cboe
November 14, 2022 BY Steffy Bogdanova

EuroCCP rebrands to Cboe Clear Europe

Cboe Clear Europe also supports Cboe's pan-European derivatives exchange which launched in September 2021, Cboe Europe Derivatives (CEDX). The clearing house allows CEDX's participants to cut trading costs by clearing a wide range of pan-European equity derivatives at a single clearing house. According to the official announcement, Cboe Clear Europe will continue to operate as…

Read more
IS Prime hires Sandeep Nanuwan
November 14, 2022 BY Steffy Bogdanova

IS Prime adds Sandeep Nanuwan to its Agency Execution team

Sandeep Nanuwan commented: I have worked with IS Prime for a number of years and have always been impressed by their professionalism and transparency. I have also followed the fast growth of the business and could see how I could add value and drive further growth by leveraging my network. The people and culture in…

Read more