Category: Forex

EBS launched a EBS Direct platform.
July 12, 2021 BY Steffy Bogdanova

EBS launches upgraded version of EBS Direct Platform

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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Plus500
July 12, 2021 BY Alan Sayer

Plus500 posts strong H1 2021 figures

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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July 12, 2021 BY Steffy Bogdanova

US banker Susan Skerrit joins IG Group as a non-exec director

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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CySEC
July 12, 2021 BY Steffy Bogdanova

CySEC suspends the CIF licence of Depaho, operator of FXGM

The Cyprus watchdog went on to list other suspected violations and noted that the investment firm: does not appear to comply at all times with the conditions for authorisation; does not appear to take all reasonable steps to identify and to prevent or manage conflicts of interest between itself, including its managers, employees and tied…

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Playtech finalto
July 09, 2021 BY Steffy Bogdanova

Playtech postpones shareholder vote on Finalto’s sale

In May Playtech and the consortium signed a binding deal for the sale of Finalto for $210 million after a lengthy and complicated approval process. Playtech said in its latest statement: Playtech and the Consortium are bound by the restrictions agreed as part of the SPA, which includes not engaging in negotiations with any third…

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Euronext
July 09, 2021 BY Steffy Bogdanova

Euronext partners with Early Metrics to support Tech SME investors

For the collaboration with Euronext, Early Metrics has generated new methodologies to assess and benchmark the growth momentum, valuation, financial resilience and market liquidity of listed Tech SMEs. The assessment of each company is based on its historical performance. To show its position against a group of peers, Early Metrics uses a comprehensive set of…

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Forex Weekly Look Back
July 09, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: Finalto caught in a press release fight over acquisition, PrimeXM opens Singapore data centre

Macrobond, provider of global economic, aggregate financial and sector data for finance professionals, revealed that Stockholm-based Erik Penser Bank is using Macrobond to deliver critical data and modelling tools to interpret market events. Erik Penser Bank’s asset managers mine financial, corporate, sustainability and macroeconomic data to help from their allocation strategies and tailor solutions for…

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July 09, 2021 BY Alan Sayer

Banks increase FX market share

The main reason for this was the impact of Covid-19 across the world. Because a large proportion of the population were in some form of lockdown, it meant that traditional trading wasn’t as viable. As such, traders with a superior technological platform saw a sharp increase in their own FX trading volume. There were none…

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daily market analysis
July 09, 2021 BY Steffy Bogdanova

Daily market commentary: Bullion’s trend continued to slow-down as the “risk-on” mood remained

GOLD Bullion’s trend continued to slow-down for the end of the week as the “risk-on” mood remained, and the US dollar stayed flat. Technically speaking, the bullish break-out registered on Tuesday remains valid despite the lack of directionality of the end of the week, due to lingering uncertainty over many asset classes. Indeed, investors have…

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