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

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…

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…

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…

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…

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…

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…

November 17, 2020 BY Steffy Bogdanova

Daily Market News: Second effective vaccine fuels rally, Tesla joins S&P

What to watch Walmart: Supermarket giant Walmart has gained 28% in 2020 so far, as its status as a seller of essential goods meant it was able to keep stores open during Covid-19. The business has also had substantial success with its online efforts and has launched Amazon Prime rival Walmart+ this year. The firm…

November 17, 2020 BY Steffy Bogdanova

DMA implements SteelEye for MiFIR reporting, trade surveillance and best execution

Peter Johnson, Director (Legal & Compliance) at DMA said: We selected SteelEye because we wanted to facilitate MiFIR reporting solutions for certain institutional clients using DMA services. When noting the offering also included Trade Surveillance and Best Execution, we decided to extend the services with SteelEye in order to take full control of our compliance…

November 17, 2020 BY Steffy Bogdanova

Daily market commentary: Gold is steady with no clear direction

GOLD Gold is steady with no clear direction. The price has been affected by the general risk on scenario, which has boosted stock markets in the last few days. Investors are betting on riskier assets, reducing or at least not increasing their gold reserves. It is worth pointing out that bullion rebounded on the support…

November 17, 2020 BY Steffy Bogdanova

CLS reports 4% MoM drop in October average daily traded volume

CLS’s Head of Information Services, Masami Johnstone, commented: After the surge in volume in September, daily traded volumes in October were subdued at USD1.71 trillion (-4.4%). Both FX spot and FX swap volumes declined compared to the previous month by 8.9% and 3.8%, respectively. The spot volume decline was notable for EURUSD, where there was…

Category: Forex