Category: Forex

Frankfurt Stock Exchange announces that Paul Hilgers was appointed as a member of the Management Board

November 19, 2020 BY Steffy Bogdanova

Paul Hilgers joins Frankfurt Stock Exchange management board

The other members of the Frankfurt Stock Exchange’s Management Board include Thomas Book (Chairman), Martin Reck (Deputy Chairman), Cord Gebhardt and Michael Krogmann. Under public law, the Management Board of a stock exchange has certain statutory administrative duties. The board ensures compliance with the regulations of stock exchange laws and the orderly conduct of stock…

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daily market analysis

November 19, 2020 BY Steffy Bogdanova

Daily market commentary: European shares drifted significantly lower on Thursday

GOLD In the last few days a stream of positive updates about vaccines have pulled up stocks. The general risk on scenario hit the gold price, triggering a notable decline last week. Yesterday, bullion dropped a further 1% on the news of the increased percentage success of Pfizer’s vaccine. So far the price has managed…

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CMC Markets

November 19, 2020 BY Steffy Bogdanova

CMC Markets net operating income up 126% YoY in H1 2020

Profit before tax rose 369% YoY to £141.1 million, compared to £30.1 million last year. Peter Cruddas, Chief Executive Officer, commented: I am delighted with our record first half performance, which vindicates our strategy of continuing focus on high value clients. I am tremendously proud of the resilience, flexibility and capability displayed by all of…

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B2Broker announces its new white label trading platform B2Margin

November 19, 2020 BY Steffy Bogdanova

B2Broker announces its new white label trading platform B2Margin

B2Broker CEO and Founder, Arthur Azizov commented: Margin trading has really increased in popularity despite the fact that derivative trading is exactly what everyone tried to avoid when this was all starting out. Back in 2016, all traders preferred spot trading but business is now moving further towards derivative trading. This trend is set to…

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FMA warning

November 18, 2020 BY Steffy Bogdanova

Business Choice Partners Group Limited, Bitcoin Future and others added to FMA warning list

The regulator provided details of the bank account used by Business Choice Partners Group Limited: Account Name: Xiong Yin Qiong Account Number: BKCHHKHH 012-593-009-223-5 Bank Name: Bank of China (Hong Kong) Account Name: Cq Yeyou Trading Co Ltd Bank Name: The Currency Cloud Limited Account Name: ePaylinks Technology CO Limited Bank Name: Bank of China…

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forex and crypto market analysis

November 18, 2020 BY Steffy Bogdanova

Daily Market News: Bitcoin breaks through $18,000 closing in on all-time high

What to watch Nvidia: GPU (graphics processing unit) maker Nvidia’s stock has been a high flyer in 2020, adding 128% year-to-date, as it has benefited from companies needing to spend on data centers and consumers stuck at home turning to video games. Today after the market close, the company will deliver its Q3 results, where…

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Pepperstone Cyprus

November 18, 2020 BY Steffy Bogdanova

Online FX and CFD broker Pepperstone acquires CySEC licence

Tamas Szabo, Group CEO of Pepperstone, added: This year marks the 10th anniversary of Pepperstone and we are excited to celebrate it with the achievement of our new Cyprus license. Szabo added: It’s been a huge year for the business. We’ve launched a number of offices in multiple jurisdictions. This growth is testament to our…

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daily market analysis

November 18, 2020 BY Steffy Bogdanova

Daily market commentary: The pound is continuing to strengthen

GOLD In the last few days we have seen a general decline in volatility, which has also been reflected on gold with the price steady at 1,880, waiting for new market drivers. We are seeing an interesting challenge between the risk on, which is still dominating markets and is a bearish element for gold, and…

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November 18, 2020 BY Steffy Bogdanova

IG Group strengthens its position in Greater China with hiring John Fei as CEO

June Felix, CEO, IG Group commented: John will focus on growing our Greater China business by continuing to develop further corporate and distribution partnerships which are a critical component to our long-term strategy, build IG’s brand recognition in the Greater China region and further develop a strong local IG team. There is a £1 billion…

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CMC Institutional

November 17, 2020 BY Steffy Bogdanova

CMC Markets Andrew Wood explains why non-bank liquidity providers remain anchored onshore

With this confidence, the necessary critical mass of volume begins build for the counterparty to be a genuine liquidity maker and not just a recycler. Other big institutions are going to show interest in that liquidity, the well capitalised counterparties have better access to the underlying market and – as is the case with CMC…

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