Category: Forex

StoneX
February 17, 2021 BY Steffy Bogdanova

StoneX launches enterprise-grade solution for messaging hub

Chandu Venugopal, Global Product Manager for the StoneX Messaging Hub, stated: With XMH, financial institutions and multinational corporates can greatly reduce the cost of their operations with a platform that is efficient, secure, and compliant. Users of The StoneX Messaging Hub will also have access to a customisable dashboard showing their current global cash positions…

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Plus500 new share buyback program
February 17, 2021 BY Steffy Bogdanova

Plus500 starts new $25M share buyback program

The purchases of share will take place in an open market transaction and market conditions, share price, trading volume and other factors will be taken into consideration. Credit Suisse Securities (Europe) Limited (“CS”) is appointed to manage the programme on the company’s behalf. Plus500 and its directors cannot invoke changes to the programme. Plus500's buyback…

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daily market analysis
February 17, 2021 BY Steffy Bogdanova

Daily market commentary: Gold has fallen below $1,800

GOLD Gold has fallen below $1,800 with the price suffering as US yields surge to pre-crisis levels. Thanks to the economic stimulus doled out by the Federal Reserve, inflation could be back, as highlighted by James Bullard, a member of the FOMC. This could mean higher yields and a stronger US dollar, an unhelpful mix…

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Plus500
February 17, 2021 BY Steffy Bogdanova

Plus500 reports strong revenue for the year

EBITDA skyrocketed by 168% to $515.9 million, compared to $192.3 million in the previous year. The company ended with net profit of $500.1 million from 2019’s $151.7 million. Client activity also remained strong on the platform. Plus500 reported 50,314 new traders in the fourth quarter, a strong increase of 158% from the previous year when…

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partnership
February 17, 2021 BY Steffy Bogdanova

Accuindex teams up with PrimeXM for XCore technology

Hasan Al Aqqad, Chief Executive Officer at Accuindex commented: We are delighted about our new partnership with PrimeXM. This collaboration will allow us to promote our institutional connectivity to our wide-ranging and quickly expanding client base as part of our ongoing global expansion. He continued: This cutting-edge technology provides us with the global scale infrastructure…

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collaboration
February 16, 2021 BY Steffy Bogdanova

First Derivatives named AWS Advanced Consulting Partner

David Collins, Managing Director at First Derivatives said: We are delighted to achieve the AWS Advanced Consulting Partner status. We leverage the power of AWS to help customers modernize processes and derive additional value from their data. We look forward to a continued strengthening of our relationship with AWS. As it stands, FD already has…

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CLS
February 16, 2021 BY Steffy Bogdanova

Strong FX volumes for CLS Group amid recession fears

In January 2021, the average daily traded volume submitted to CLS was $1.92 trillion, rising 9% month-over-month from $1.76 trillion in December 2020. Worked out across a yearly timetable, the figure can be seen to be up 8.5% relative to January 2020’s figure of $1.77 trillion. According to CLS’s Head of Information Services, Masami Johnstone,…

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FlexTrade Systems partners with Lyxor Asset Management
February 16, 2021 BY Steffy Bogdanova

Lyxor Asset Management adopts FlexTrade’s cloud-based EMS, FlexNOW

Samy Debbah, Head of Dealing Desk at Lyxor Intermediation stated: Integrating a new EMS in our complex workflow is never easy but with FlexNOW we have replaced our old solutions and greatly improved the efficiency and operational safety of our workflows, especially when working with larger baskets. The Team’s ability to quickly respond to feedback has been impressive,…

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