Category: Forex

StoneX

December 10, 2020 BY Steffy Bogdanova

StoneX Group reports $82 million “bargain purchase” benefit from Gain Capital acquisition

StoneX finalized the acquisition of Gain Capital Holdings, Inc in the end of July 2020 for $6.00 per share in all-cash transaction, amounting to approximately $236 million in equity value. StoneX reported a total operating revenue for the quarter of $342.1 million, up by 30% YoY. The net income for the quarter of jumped 185% to $77.4 million. The FX…

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forex and crypto market analysis

December 10, 2020 BY Steffy Bogdanova

Daily Market News: Brexit talks stall, ECB set to extend stimulus

What to watch Adobe: Software firm Adobe has added almost 50% to its share price in 2020, and has held up over the past three months while some tech names have faltered. The firm delivers its latest set of quarterly earnings on Thursday, where analysts are anticipating an earnings per share figure of $2.66. Key…

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Payment solutions for unregulated offshore FX Brokers

December 09, 2020 BY Steffy Bogdanova

Payment solutions for unregulated offshore FX Brokers

PSP (or E-Wallet) Webmoney, Qiwi, PayPal, Skrill, Neteller, Yandex and others. FX Offshore Broker needs to open a wallet in the selected payment system and place it on the website and in the Trader's Room (Link to the Article about Traders Room) Fees: Can be dramatically different between currencies. Make sure to get a detailed…

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partnership

December 09, 2020 BY Steffy Bogdanova

AlgoTrader partners with AiX for instant and secure inter-trader connectivity

AiX CEO & Founder Jos Evans commented: We are extremely excited to partner with AlgoTrader. The AlgoTrader platform has been a game changer in terms of institutional quantitative trading and execution solutions for both crypto and traditional assets. Our and AlgoTrader´s technologies are a superb fit, and we believe partnerships such as this are a…

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forex and crypto market analysis

December 09, 2020 BY Steffy Bogdanova

Daily Market News: White House $916bn stimulus deal offer deemed ‘unacceptable’ by Democrats

What to watch Campbell Soup: Food and snack firm Campbell has enjoyed heightened demand during Covid-19 related restrictions, as consumers stocked up on food items including the firm’s long-lasting canned goods. Campbell sells more than just soup, with brands such as Pepperidge Farm baked goods and Prego pasta sauces. A key point of focus will…

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BidFX

December 09, 2020 BY Steffy Bogdanova

State Street adds four FX algorithmic strategies on the BidFX platform

Mary Leung, Global Head of Client Algos at State Street said: Heightened market volatility caused an unprecedented increase in FX algo volumes back in March, proving that algos are a valuable tool for clients to reduce the cost and increase the efficiency of their execution. With State Street’s unique franchise liquidity, our versatile suite of…

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daily market analysis

December 09, 2020 BY Steffy Bogdanova

Daily market commentary: After several days of weakness, the pound found support

GOLD Bullion is holding above the key support level of $1,850 with the price consolidating after the recent rally. European stock markets opened in the green, reinforced by positive news regarding the upcoming vaccine, but this was not a disruptive element for gold, which is only showing a fractional decline. Overall, in the last few…

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First Derivatives CFO to step down

December 09, 2020 BY Steffy Bogdanova

Graham Ferguson steps down as Chief Financial Officer of First Derivatives

Preston, who will take the past as CFO next year, was formerly Chief Financial Officer of Independent News & Media plc and at OVO Energy Retail, having spent the early part of his career in senior finance roles at Tesco, including Group Finance Director, Europe. He was became Deputy Chief Financial Officer at FD in…

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partnership

December 08, 2020 BY Steffy Bogdanova

Pico adds Intel Capital as investor and completes $135 million investment round

Yuster continued: Intel is a performance leader, and we are excited to have them as an investor in the next phase of our evolution. We are looking forward to benefitting from their vast technology experience to accelerate AI, big data and analytics-based innovation that will deliver a performance advantage to our clients. The Intel Xeon…

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new hire, appointment

December 08, 2020 BY Steffy Bogdanova

United Fintech announces Erik Nordahl as partner & CTO

Christian Frahm, Founder & CEO, United Fintech commented: I worked with Erik at Saxo Bank and have followed his career closely over the last decade. He has exceptional IT skills and an in-depth understanding of the technology requirements in the banking sector. I am delighted that he has joined United Fintech as Partner and CTO,…

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