Category: Forex

Swiss Stock Exchange
May 09, 2022 BY Steffy Bogdanova

Virtu ITG Europe joins SIX as a new trading participant

Gregor Braun, Head of Sales Switzerland & Europe at SIX Swiss Exchange, commented: We are delighted to welcome Virtu ITG Europe Limited, another renowned trading participant, to our ranks. The growth in trading participants shows that the high quality of the SIX Swiss Exchange order book is appreciated and in demand in the market. And…

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Daily Market Commentary
May 06, 2022 BY Steffy Bogdanova

Daily market commentary: The US Dollar is back on the front foot

European Shares European markets extended yesterday’s losses on Friday, alongside US Futures, as risk aversion dominates everywhere at the end of the week. Markets are set to register their biggest weekly drop in two months, with today’s decline led by Health Care and Tech shares, as the bullish enthusiasm brought by higher rates from the…

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GCEX hires Michael Aagaard
May 06, 2022 BY Steffy Bogdanova

Michael Aagaard joins GCEX as managing director in Denmark

Most recently, he was in a contractor role at Oanda, where he has spent the last six months as a Digital Assets Consultant advising Oanda on its digital assets offering. Lars Holst, Founder and CEO of GCEX commented: This is a significant hire for GCEX. Michael brings extensive experience in FX and digital assets to…

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Sucden Financial
May 05, 2022 BY Steffy Bogdanova

Sucden Financial sees 1,025% jump in profit before tax in 2021

Net revenues came in at £69.8 million, 29.5% higher than the £53.9 million generated the previous year. Profit before tax skyrocketed with 1,025% to £18.0 million, compared to £1.6 million in 2020. Marc Bailey, Sucden Financial CEO, said: 2021 was a strong year, as we continued to expand our diversified client base and invest in…

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May 05, 2022 BY Steffy Bogdanova

Daily market commentary: The USD loses momentum after the latest US Fed policy decision announcement

European Shares European stocks traded all in green territory on Thursday, extending gains registered at the end of the US session, after investors welcomed the Fed’s action to tame inflation. FED Chairman Jerome Powell managed to reassure investors by announcing a 50-basis point rate hike while rolling-out the prospect of further increases at forthcoming meetings,…

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StoneX
May 05, 2022 BY Steffy Bogdanova

StoneX FX/CFD revenue jumps 32% in Q2 2022

The New York-headquartered Group’s revenue from FX and CFD jumped 32% in Q2 2022, gaining $98.9 million, attributed to an $18.8 million increase in retail operating revenue. Gain Capital acquisition StoneX acquired Gain Capital in 2020 and is now the owner of major forex and CFDs trading brands. In the second quarter the company reported…

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Saxo Bank
May 04, 2022 BY Steffy Bogdanova

Saxo Bank FX trading volume falls 17% MoM in April

The daily average in forex trading was stood at $5.7 billion, down from the previous month’s $6.6 billion. However, the number is slightly up from April 2021’s $5.6 billion. Equities registered a 27% MoM drop to $169.10 million last month but it gained 48.1% compared to the previous year. Fixed income instruments brought in $8.6…

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Saxo Markets HK
May 04, 2022 BY Steffy Bogdanova

Saxo Markets names Sean Ma Head of Saxo Institutional in Hong Kong

Richard Douglas, CEO of Hong Kong, Saxo Markets, said: Ma brings the expertise and energy we’re looking for and bolsters our overall ambition in the region across both retail and institutional segments. Ivan Chang, Regional Head of Saxo Institutional, APAC, Saxo Markets, added: In APAC, we currently work with partners in many sectors. They come…

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Daily Market Commentary
May 04, 2022 BY Steffy Bogdanova

Daily market commentary: WTI crude oil prices are hedging up

European Shares Stocks traded sideways, flirting with their opening level in Europe on Wednesday, as investors brace for today’s FOMC meeting. While Fed chairman, Jerome Powell, is widely expected to announce an historical 50-basis point rate hike in the end of the afternoon, investors will scrutinize his speech, looking for more clues on tapering and…

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