Plus500 selected as primary sponsor of Polish football club Legia Warsaw LeapRate

August 10, 2020 BY Steffy Bogdanova

Plus500 selected as primary sponsor of Polish football club Legia Warsaw

Legia Warsaw joins Plus500 sponsorship portfolio which already includes Atlético Madrid, BSC Young Boys Football Club and Plus500 Brumbies rugby club. David Zruia, Chief Executive Officer of Plus500, commented: We are delighted to be partnering with Legia Warsaw, a club with a great legacy and an excellent fan base, continuing our commitment to support professional…

August 10, 2020 BY Steffy Bogdanova

Tech giant Twitter becomes a contender for buying TikTok

The Trump Administration issued two executive orders last week giving US companies 45 days’ notice to stop dealing with TikTok and WeChat, a Chinese messaging platform owned by Tencent. Trump alleges that the Chinese government has access to user data collected through the TikTok app. Trump said: It can’t be controlled, for security reasons, by…

August 10, 2020 BY Valentina Kirilova

Daily Market News: Twitter looks at crashing Microsoft’s TikTok party

What to watch Barrick Gold: While the price of gold has soared from $1,500 an ounce at the start of the year to more than $2,000 now, many gold miners have ridden that wave to even greater heights, as the higher price greatly expands the profit margins they are able to generate. Barrick Gold, a…

Vanguard redirects focus from Hong Kong to Shanghai

August 10, 2020 BY Steffy Bogdanova

The US sanctions Hong Kong officials for undermining city’s autonomy

Many foreign banks reportedly started to preemptively refuse accounts of senior Hong Kong officials as early as the end of July. Local politician Bernard Chan, part of the cabinet that Hong Kong’s chief executive Carrie Lam said US banked closed his accounts. Closing of accounts is the first step of banks’ compliance with the US…

August 10, 2020 BY Valentina Kirilova

FXCM Pro teams up with Devexperts to provide liquidity to DXtrade platform

DXtrade offers many of the benefits available from existing bespoke platforms, but with the efficiency of an off-the-shelf platform. It allows for full customisability, with brokers being able to determine everything from the layout and set-up, including the back-end configurations and user interface. FXCM Pro will now provide multi-asset liquidity to retail brokers utilising DXtrade.…

August 10, 2020 BY Valentina Kirilova

Daily market commentary: European shares are trading higher today

EUROPEAN SHARES European shares are trading higher on Monday as hopes of a US stimulus package and strong macro data from China provided a fresh boost to bullish sentiment. Even if the recent battle between Republicans and Democrats over the new stimulus package scared some investors last week, the four new executive orders recently signed…

August 07, 2020 BY Steffy Bogdanova

TFR Global and Merlin Biotechnologies and others appear on FMA warning list

The New Zealand watchdog found that representatives of TFR Global offer private investment in Merlin Biotechnologies to New Zealand residents. TFR Global and Merlin Biotechnologies are not incorporated companies or registered financial service providers in New Zealand and they are therefore not permitted to provide financial services/products in the country. TFR Global claim they are regulated by Investment…

August 07, 2020 BY Steffy Bogdanova

Gallant Exchange appoints former MGH executive Bob Cavnar as Chief Strategy Officer

The Gallant Exchange’s platform is designed to support the trading of Athlete Coins (ACs), as well as the popular cryptocurrencies. Athlete Coins can be minted on the ERC20 protocol and traded on Gallant platform. Users can enter into trading competitions and contests for collectibles and memorabilia of the respective athlete as a coin holder. Gallant…

August 07, 2020 BY Valentina Kirilova

Daily Market News: Trump puts US companies dealing with Chinese apps on 45 days’ notice

What to watch US employment report: The US employment numbers during the coronavirus crisis have been essential reading for updates on the health of the economy. The latest employment report is different from jobless numbers reported yesterday in that it counts the number of people actively employed rather than those who are claiming social security…

August 07, 2020 BY Steffy Bogdanova

Liquidnet prepares to launch debt capital markets technology offering

Constantinos Antoniades, Global Head of Fixed Income at Liquidnet said: We are very excited about the launch of Liquidnet DCM and the ability to help bring further efficiencies to the primary market. This is a space which can benefit tremendously from more innovation and collaboration by all parts of the ecosystem, in order to deliver…

Category: Forex