ETX clients in South Africa can benefit from instant execution, tight spreads and low commissions on CFDs on thousands of global markets – across all major asset classes from forex, indices, shares and commodities. Regulated by the FCA, ETX Capital was acquired by Swiss firm Guru Capital in 2020. The company offers more than 5,000…
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While a retest of the multi-year low around ¥6.36 doesn’t seem likely in the immediate future, a movement above the 200 SMA is also unfavourable. With no sign of saturation and the significant low quite close, consolidation with the value area between the 50 and 100 SMAs seems to be possible in the absence of…
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As Bambu currently provides cloud-based robo advisors to traders, the acquisition will allow them to bring this service to a greater range of customers. Tradesocio already has its own clients in place, offering Bambu the opportunity to instantly get access to a much larger client base. The digital wealth market is one of the fastest-growing…
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The acquisition will have the leadership position of ULTUMUS on ETFs combined with the core capabilities of SIX in trading, post-trade and data services which will open up opportunities to help shape the expanding ETF market. Marion Leslie, Head Financial Information & member of Executive Board, SIX, said: With ULTUMUS we have found the right…
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OIL Oil traded higher during early Tuesday, with most of Monday’s losses already cancelled. The price of the barrel remains conditioned by tight supply, with the markets expecting a continuation of the declines in US crude stockpiles, which have been on a downward trend since February. However, further price gains for oil are likely to…
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Barry Flanigan, Head of Distribution and Liquidity, IS Prime, commented: Traditionally, Liquidity Providers offer fixed spreads on indices and oil but we have seen increasing demand from clients for variable pricing. We developed our product in this area for a particular client and are rolling it out on a wider basis to enable more clients…
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Klaus Löber, Chair of the CCP Supervisory Committee, said: The launch of ESMA’s public consultations, on the implementation of the CCP recovery mandates, is the first step to ensuring consistency of EU central counterparties recovery regimes at EU level in line with the highest international standards. The proposed Regulatory Technical Standards and Guidelines complement the…
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Jeff Ward, Global Head of EBS, said: Providing our customers with unparalleled OTC FX liquidity and best-in class technology that dramatically improves latency and the execution experience for our customers is of the utmost importance to EBS. The next generation EBS Direct platform is 10x faster than our legacy platform, and the underlying technology will…
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This is why the company feels that comparing the 2021 performance to the 2019 performance gives a more accurate analysis. Plus500 managed to generate more than twice the revenue in H1 2021 for the same period in 2019. The trading update also mentions that the company managed to achieve this even in the face of…
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IG Group Chairman, Mike McTighe, said: Following an extensive, externally facilitated search I am delighted to welcome Susan to the Board. She is an experienced Non-Executive Director and brings significant financial markets experience working with US-based companies and regulators, which will be highly valuable. Susan Skerrit commented: IG Group is an empowering and innovative company…
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