Dean Berry, Group Head of Trading & Banking Solutions, Refinitiv, commented: We are pleased to now support messaging from CME FX Link activity in order to standardize and streamline how customers can integrate in an efficient way with this growing marketplace for FX swaps. CME Group’s FX Link is available in a central limit order…
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Iskandar Najjar, Equiti Group CEO, said: Equiti Group is committed to ESG (environmental, social and governance) practices and supportive, not only of meeting demands for these financial instruments, but also continually looking at ways of practically increasing our support. We are very pleased that our global product and risk teams have been able to swiftly…
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Thomas Gottstein, Chief Executive Officer of Credit Suisse Group AG, commented: Our results for the first quarter of 2021 have been significantly impacted by a CHF 4.4 billion charge related to a US-based hedge fund. The loss we report this quarter, because of this matter, is unacceptable. Together with the Board of Directors, we have…
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The circular said: On a number of occasions, it was observed that the AML/CFT risk assessments were not reviewed to evaluate whether they needed adjustment upon subsequent changes of the customers’ risk profiles. As a result, the assessment of the customers’ ML/TF risks was not up to date and therefore CDD and ongoing monitoring was…
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Gary Thomson, Chief Operating Officer at FXOpen UK commented: We’ve seen an increased uptake in equity trading in recent months within our UK brokerage and are delighted to widen the reach of equity markets to the wider FXOpen group. The official announcement said: Clients of FXOpen can access leverage of 1:5 on US Stock CFDs,…
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Lars Gottwik expressed in a heartfelt note: It was a unique experience and great adventure growing JFD, together with my teammates, from zero to a globally renowned multi-asset broker. Our team spirit, combined with the ambition to change a whole industry for the better by becoming more transparent and client-centric, made the difference. After these…
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GOLD Despite a modest rebound by the greenback, gold continues to recover momentum. This seems to be mostly related to the relative calm that we are seeing on US yields, as the 10 years bonds remain below 1.6%. Moreover, in the last few weeks the technical scenario has clearly improved with the price breaking through…
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Barry Flanigan commented: We are delighted that Eduard is joining the team, focusing primarily on sales of our agency execution product. Eduard brings invaluable insight and expertise to our team and a wealth of contacts within banks, distribution platforms and asset management firms. He will be a real asset to IS Prime. Eduard Poltavsky added:…
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David Zruia continued: The acquisition represents an important strategic step for Plus500 as we continue to transition into a global, multi-asset fintech group. Our long-term ambition is to enable simplified, universal access to financial markets, and I’m excited that we have taken a further step toward achieving this today. Bill Cunningham, Andrew Busby and Nate…
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Singapore is notably in the top rankings of trading destinations for FX on a global basis. The Bank of International Settlements (BIS) has reported that Singapore is only marginally trailing behind the UK and the US in the multi-trillion dollar FX market. While distributing up-to-date market statistics for last month, SGX revealed a surge in…
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