Category: Forex

Acquisition
April 21, 2021 BY Steffy Bogdanova

Plus500 acquires Cunningham Commodities, enters US futures market

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
April 20, 2021 BY PureContent

Deutsche Bank sets up Singapore engine amid trading boom in Asia

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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collaboration
April 20, 2021 BY PureContent

Starling Bank announces £50 million investment from Goldman Sachs

By the end of the next financial year-end, Starling will be set to report its first ever complete year in profit. The announcement of Goldman Sachs’ significant investment will be a key factor in driving Starling’s ongoing lucrative growth. While the announcement has been made, the transaction is still subject to approval from regulators. James…

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CLS
April 19, 2021 BY Steffy Bogdanova

CLS reports an increase in March trading volumes

The forward and spot FX market saw 2% increase in volumes, reaching $0.117 trillion and $0.483, respectively. The numbers in these sections of the market remained lower compared to the ones reported during the same period in 2020. CLS’s Global Head of Product, Keith Tippell, commented: In the first quarter of 2021, we witnessed record…

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Infinox Chris Hossain-Nelson
April 16, 2021 BY PureContent

Chris Hossain-Nelson appointed INFINOX Head of Institutional Sales

IX Prime works to provide liquidity and trading infrastructures across exchanges worldwide. One of these exchanges is the world’s third-biggest exchange, the Brasil Bolsa Balcão (B3). The company’s strategic formula of deep liquidity reserves and advanced trading technology has made it a desirable option for a vast number of global hedge funds, exchanges and brokers. …

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Forex Weekly Look Back
April 16, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: HYCM on the rise of retail trading, ATFX launches AT Premier

Qinox Tech, a white-label and service provider for brokerage and exchange firms, has included a regulatory license of the South African Financial Sector Conduct Authority (FSCA) in the list of financial operational licenses. South Africa’s FSCA supervises financial institutions such as banks, brokers, market infrastructure providers. The regulator aims to increase the efficiency and integrity of…

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