Forex Weekly Look Back: FCA bans retail sale of crypto derivatives, CME Group launches TreasuryWatch Tool LeapRate

October 09, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: FCA bans retail sale of crypto derivatives, CME Group launches TreasuryWatch Tool

Global commodities specialist Marex Spectron announced the appointment of Phillip Price as head of ferrous metals trading. At his new position, Price will report to Simon van Den Born, President of the Group. Price joined the firm in September 2020 and has been instrumental in the development of the global steel derivatives market over the past…

October 09, 2020 BY Steffy Bogdanova

Guru Capital finalizes the acquisition of ETX Capital

Guru Capital partners Luca Merolla and Ryan Nettles will serve as non-executive directors to the ETX Capital Board of Directors. Online broker ETX Capital was founded in 1965. Guru Capital plans to leverage the ETX Capital brand, its technology and its team to expand the business in the UK. The team is also determined to…

October 09, 2020 BY Steffy Bogdanova

CMC Markets registers 135% growth in H1 2021 CFDs net trading revenue with £200 million

The Group’s Board expects that after the strong performance of H1 2021, the net operating income will be towards the upper end of the current range of consensus, while operating costs (excluding variable remuneration) are anticipated to be moderately above consensus. Peter Cruddas, Chief Executive Officer, commented: I am delighted with our record first half…

October 08, 2020 BY Steffy Bogdanova

Daily Market News: Markets ride Trump stimulus rollercoaster

What to watch Dominos Pizza: One beneficiary of the pandemic has been Domino’s Pizza, which has added almost 50% to its share price in 2020 as consumers have favoured delivery services over restaurants and bars. The firm has outpaced rival Papa John’s, which is up 30% year-to-date. A key point to watch in Domino’s Thursday…

smartTrade appoints Ludovic Blanquet as Chief Product and Strategic Planning Officer

October 08, 2020 BY Steffy Bogdanova

smartTrade names Ludovic Blanquet as Chief Product and Strategic Planning Officer

David Vincent, CEO, smartTrade commented: Drawing on his business leadership experience, Ludovic will provide fresh insights to our product priorities as we help our clients and the wider industry to further modernise capital markets technology. In this new era, staying ahead of the market structure and technology evolution is more important than ever to help…

October 08, 2020 BY Steffy Bogdanova

Daily market commentary: Gold is slightly up in the early trading

GOLD Gold is slightly up in the early trading, while volatility remains low. The spot price was unable to surpass the first key level of $1,895, continuing a slow dance just above $1,890. It seems investors are in a wait and see mode as they are still hoping for new stimulus from central banks to…

October 08, 2020 BY Steffy Bogdanova

Marex Spectron appoints Phillip Price as head of ferrous metals trading

Simon van den Born commented: Phillip brings a wealth of knowledge and exceptional experience in ferrous metals to the firm. He is well regarded in this space and is an ideal person to lead our ferrous team as we strengthen our ferrous metal capabilities.” Phillip Price said: Joining Marex Spectron’s metals team was a natural…

October 07, 2020 BY Steffy Bogdanova

Royals FX added to FMA warning list

CTX Prime Associated individuals: RMD Developments Limited, located at 8 Copthall, Roseau Valley 00152, Commonwealth of Dominica Website: www.ctxprime.com Address: Emaar Business Square Tower 2, Downtown Dubai Phone: +442080898491 Email: [email protected]; [email protected] The FMA noted that the Comision Nacional Del Mercado De Valores in Spain has issued a public alert about CTX Prime and RMD Developments…

October 07, 2020 BY Steffy Bogdanova

Daily Market News: Stimulus hopes fade as Trump ends talks

What to watch RPM International: Specialty coatings and building materials firm RPM, which has an $11bn market cap, has gained 9.9% in 2020, including an 11.5% rally in the past five months. That caps off a 2019 which saw the company grow its share price by almost 30%. Today, the company will deliver its latest…

October 07, 2020 BY Steffy Bogdanova

Daily market commentary: The dollar continues to behave as a barometer of the markets’ risk appetite

EUROPEAN SHARES European indices ticked higher on Wednesday, continuing the trend registered in Asia overnight, as investors’ risk appetite accelerates. The fact that President Trump has said to be in favour of alternative stimulus measures as well as a new support plan for the airline sector is boosting market sentiment and offsetting this morning’s disappointing…

Category: Forex