Category: Forex

Monex Group
July 28, 2021 BY Alan Sayer

Crypto trading drives a 457% increase in profit for Monex in Q2

Monex has passed this financial improvement onto shareholders. The basic earnings per share increased by more than 400% in the same period as the previous year. Shareholders have seen a rise from ¥5.57 per share in 2020 compared to ¥28.18 in 2021. Crypto has helped to drive this increase in revenue and profits. The figures…

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acquisition
July 28, 2021 BY Alan Sayer

11B Technologies acquired by 24 Exchange

These software options are mainly aimed at Crypto NDFs and Crypto Spot. As this is an area of the business that 24 Exchange is looking to enhance, it makes sense that these software solutions are the first to be added to the 24 Exchange platform. It will also add low latency software to the 24…

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daily market analysis
July 28, 2021 BY Steffy Bogdanova

Daily market commentary: European shares were mixed, continuing the Asian trend as global uncertainty linger everywhere

OIL Oil is gaining during the early part of Wednesday’s session, supported by a draw in American crude stocks. This reduction feeds into the narrative of supply being insufficient to meet demand, supporting oil prices as a result. Despite the threat posed by the spreading of the Delta variant, the IMF maintained its growth forecast…

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UK CMA approval
July 28, 2021 BY Steffy Bogdanova

CME Group and IHS Markit’s joint venture gets approval from UK Antitrust Agency

The joint venture will combine the two companies’ post trade service. IHS Markit’s OTC derivatives and forex trade processing business  will work together with CME Group’s OTC derivatives optimization businesses, operating as Traiana, TriOptima and Reset. The CMA first opened the investigation in June 2021 over concerns of “lessening of competition within any market or…

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ROinvesting- AC Milan
July 28, 2021 BY Steffy Bogdanova

ROInvesting extends partnership deal with AC Milan

Casper Stylsvig, Chief Revenue Officer at AC Milan commented: As a Club, we are delighted to continue our journey with ROInvesting. They have proved to be a fantastic partner with a keen eye for off-the-pitch community work, supporting Fondazione Milan's initiatives in response to the Covid-19 pandemic in time of need. Constandinos Zavros, ROInvesting Spokesperson,…

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IOSCO keeps watch on SPACs as Britain eases the rules
July 27, 2021 BY Steffy Bogdanova

IOSCO keeps watch on SPACs as Britain eases the rules

  IOSCO’s members include U.S. Securities & Exchange Commission (SEC), the Financial Conduct Authority in Britain (FCA), as well as regulators in the European Union, Asia, Latin America and Africa. The Commissions’ new SPAC network met on Monday to share information. Jean-Paul Servais, chairman of Belgium's markets watchdog and Vice-Chair of IOSCO's board, stated: I…

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Eurex
July 27, 2021 BY Alan Sayer

OTC FX and cross currency swaps made available by Eurex

Using CLS means that Eurex Clearing has support from a well-known settlement provider. This is expected to ensure that the services are able to run smoothly as soon as they are officially launched to the public.  Erik Müller, the CEO of Eurex Clearing said: Central clearing and guaranteed settlement for cross currency swaps in CLSClearedFX…

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Playtech
July 27, 2021 BY Steffy Bogdanova

Playtech reports strong performance in H1 2021

Playtech added: Playtech has continued to make significant progress against its strategic and operational objectives, including in its key target growth markets of the US, Latin America and Europe. In the US the Company signed a strategic, multi-state, multi-product deal with the Greenwood companies, which operate the Parx Casino, and subsequently launched in Michigan with…

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