Category: Forex

April 08, 2022 BY Steffy Bogdanova

Paysafe appoints Bruce Lowthers as new CEO

Philip McHugh, who Lowthers succeeds, led Paysafe through the pandemic and took the company public, positioning it for its next phase of growth. Daniel Henson added: On behalf of the Board, I want to thank Philip for his leadership over the past three years.  He has taken Paysafe public, expanded its footprint and established value-added…

Read more
April 07, 2022 BY Steffy Bogdanova

Andreas Neocleous joins BDSwiss as Chief Operating Officer

Nicolas Shamtanis, CEO at BDSwiss commented: Andreas Neocleous has an outstanding reputation in the Forex and CFD trading industry and we’re very pleased to be welcoming him on board. In an increasingly demanding fintech arena, having a strong COO with a focus on technology can be instrumental in our product and client experience optimisation efforts.…

Read more
GKFX Trader launches
April 07, 2022 BY Steffy Bogdanova

GKFX launches online FX and CFDs trading platform GKFX Trader

GKFX Trader also helps clients who prefer a simple and quick trading experience, a customizable watchlist with their favourite instruments, and trading right there from the Trader Screen. The platform’s Quick Trade functionality offers this on the web, as well as on mobile. The platform allows GKFX customers have the option to dig deep through…

Read more
April 07, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar loses some ground to other major currencies but remains close to the highs it gained in the previous session

Gold Gold prices are almost flat during early Thursday trading, remaining within the same narrow range of the last few weeks. The value of the precious metal has been determined by the countering forces of, on one side, the geopolitical risk generated by the war in Ukraine, which enhances gold’s haven appeal, and the increasingly…

Read more
April 06, 2022 BY Steffy Bogdanova

Commonwealth Bank of Australia joins LCH SA as a member

Corentine Poilvet-Clediere, Head of RepoClear, Collateral and Liquidity, LCH SA, said: It’s a great milestone to welcome CBA as the first Australian member of LCH SA. RepoClear SA has been gaining increasing traction in regions outside Europe, with members joining from Japan, Canada and now Australia. Banks such as CBA play a key role in…

Read more
April 06, 2022 BY Steffy Bogdanova

Daily market commentary: European shares followed the global “risk-off” trend with all benchmarks drifting lower from Frankfurt to Lisbon

European shares European shares followed the global “risk-off” trend on Wednesday with all benchmarks drifting lower from Frankfurt to Lisbon, as monetary policies and growth expectations keep on pressuring market sentiment. Today will be a key day for both stock and currency traders with the release of the minutes of the last FOMC meeting. While…

Read more
LSEG, London Stock Exchange
April 06, 2022 BY Steffy Bogdanova

LSEG acquires digital identity verification firm GDC

The terms of the deal have not been disclosed but the official announcement said the transaction is expected to close in the first half 2022. Andrea Remyn Stone, Group Head, Data & Analytics LSEG, commented: Adding GDC to the suite of digital identity solutions within our Data & Analytics division, will enable us to continue…

Read more
ASIC ban
April 06, 2022 BY Steffy Bogdanova

ASIC announces extension CFDs leverage restrictions for five years

ASIC Commissioner Cathie Armour said: We have seen a substantial reduction in harm to retail clients resulting from CFDs as a result of ASIC’s product intervention. Commissioner Armour added: Our extension of the product intervention order for five years will ensure that the leverage ratio limits and other protections can continue to reduce the size…

Read more