Daily market commentary: The euro hedged up, remaining nevertheless close to the minimums of Monday LeapRate

March 08, 2022 BY Steffy Bogdanova

Daily market commentary: The euro hedged up, remaining nevertheless close to the minimums of Monday

Gold Gold prices hit a fresh 18-month high during early Tuesday trading, reaching $2,020. The precious metal may soon test the all-time maximum of $2,075, reached in August 2020, as the flight to safety intensifies. The economic fallout from the war in Ukraine is worrying market operators, with the growing likelihood of Russian oil and…

March 08, 2022 BY Steffy Bogdanova

Miriam Park joins Fiserv as General Manager for Korea

Ivo Distelbrink, EVP and Head of Asia Pacific at Fiserv said: Miriam brings skilled operational leadership and excellent industry insight to Fiserv, which will be invaluable as we grow our business through a focus on our clients. I’m confident in her ability to drive our digital innovation strategy in Korea, expanding beyond traditional payment services…

March 08, 2022 BY Steffy Bogdanova

eToro registers 2.1 million new users in fourth quarter

Yoni Assia, the CEO and Co-Founder of eToro, issued the following statement: eToro closed 2021 with a strong fourth quarter, generating over $300 million in total commissions. We are extremely proud of our accomplishments in 2021, some of which include growing the eToro network by more than 9 million registered users while more than doubling…

March 07, 2022 BY Steffy Bogdanova

24 Exchange raises $7 million in latest funding round

Dmitri Galinov, CEO and Founder of 24 Exchange, said: This new round of investment will help 24 Exchange extend our institutional trading offerings within and beyond FX and cryptocurrency products. We welcome the backing of such proven investors as Mark Yusko's Morgan Creek Digital, Aspire Financial and Blackwells Capital as we work to bring new…

March 07, 2022 BY Steffy Bogdanova

Russian bank VTB to leave Europe

VTB is also due to be excluded from SWIFT global payments messaging system as part of the west’s financial sanctions regime. Russia’s largest bank, Sberbank has already announced leaving European market earlier last week. Sberbank and VTB account for over half of Russia’s banking market.

March 04, 2022 BY Steffy Bogdanova

Daily market commentary: The trading mood remains strongly “risk-off”

Gold Gold prices are rising during early Friday trading, as flows towards haven assets increases. Developments in Ukraine continue to influence the levels of risk appetite in the markets, with the latest being the Russian attacks around the Zaporizhzhia nuclear power plant, which raised the levels of anxiety amongst market operators. As the war continues…

March 04, 2022 BY Steffy Bogdanova

Russian-owned UK broker Sova Capital enters special administration

UK Financial Conduct Authority (FCA), which regulates Sova Capital, said that the court had appointed Teneo as special administrators and would start assessing client money and custody assets. The FCA said: The Special Administrators will write to the firm’s clients with their proposals for the Special Administration within 8 weeks of appointment, this will include…

March 04, 2022 BY Steffy Bogdanova

The Federation of European Securities Exchanges excludes Moscow Exchange

The association represents 35 exchanges from 30 different countries in European Union, Iceland, Norway, Switzerland and the United Kingdom. The decision to exclude MOEX follows some FESE members like Deutsche Boerse suspending trading and settlement in Russian securities in response to sanctions. European Association of CCP Clearing Houses (EACH) temporarily suspended EACH Russian Member CCP…

March 03, 2022 BY Steffy Bogdanova

FXStreet launches media agency FinancialMarkets.media

Sergi López Tomàs said: We not only aspire to continue executing profitable investments for our clients, but also maximize them. The company also emphasized that its work will continue to guide financial institutions and publishers so that its clients can run communications in the right media according to their needs and budgets. This will allow…

Category: Forex