What to watch US home sales: On Monday, existing home sale data for May will be released in the US, with a figure of 4.2 million anticipated, versus 4.3 million in April - a figure that was 18% lower than March’s number. New home sales data will then follow on Tuesday, with the pair of…
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Swissquote estimated the net revenues of the first half of the year to be CHF 160 million, compared to CHF 112.2 million for the same period in 2019. Pre-tax profit reached over CHF 56 million for the first half of this year, compared to CHF 25.1 million compared to first half of 2019. In the…
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EUROPEAN SHARES Shares slid lower in Europe on Monday following a mixed trading session in Asia overnight after new virus cases were spotted in Australia, the US and Germany during the weekend. Market sentiment remains uncertain towards risk assets as coronavirus fears continue to grow while volumes keep on decreasing as more and more traders…
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Nick Twidale will take Walker’s place as General Manager at IC Markets. Founded in 2012, Australia-based brokerage firm Global Prime has secured Angus Walker to help execute the company’s goals for growth. Recruited in October 2019, Walker has the task to expand the retails side of the brokerage.
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The company will commence a search for a new permanent chairman of the two Boards. Autheman said: It has been an honour and a privilege to lead the Euroclear boards during my time as Chairman. That Euroclear is the robust and relevant open financial market infrastructure it is today reflects the sustained contribution of many…
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Hester Serafin commented: Since taking over as Interim President in February this year, ICE Clear Europe has safely navigated unprecedented market activity, managing risk between counterparties and demonstrating why clearing is so important to the soundness and stability of the global financial system. I am excited by the opportunity to lead one of the world’s…
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TechFinancials invested resources in its subsidiary Footies for the development of a blockchain driven ticketing software and app, for Sports Venues and teams. Footies has continued to add new software components to serve Event Creators allowing them to establish and manage events while controlling the tickets. The Footies development expenses were included in the reports…
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Nagel will also leave the Executive Board of KfW Group and join the Bank for International Settlements in Basel on 1 November. Andreas Gottschling is expected to join the Supervisory Board of Deutsche Börse in Nagel’s place in the beginning of July. Gottschling has been a member of the Zurich-based Credit Suisse Group’s board of…
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Global Fintech provider Broadridge Financial Solutions, Inc. (NYSE:BR), announced that LTX, its new AI-driven corporate bonds trading platform, has executed its first trades. In the creation of LTX, Broadridge partnered with Jim Toffey, founder of Tradeweb Markets. The platform combines artificial intelligence (AI) with a new digital execution protocol that allows broker-dealers to improve market liquidity,…
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UK inflation sinks to four-year low London markets closed before the American Covid-19 case news drove US-listed shares into the red; the FTSE 100 gained 0.2% on Wednesday, with the FTSE 250 up 0.7%. In economic news, the UK inflation rate slowed to 0.5% in May, its lowest level since mid 2016. One major drag…
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