Category: Forex

Acquisition
September 17, 2020 BY Steffy Bogdanova

Cornerstone completes acquisition of FXPress Payment Services

Securing the FCA consent also gives Cornerstone’s clients assurance that they continue to deal with a UK regulated entity that will be able to meet their payment needs of the future. The re-registration of the Company as a public limited company and the change of its name to Cornerstone FS plc are pending approval during…

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eToro expands football investment with twelve new sponsorships in UK and Germany
September 17, 2020 BY Steffy Bogdanova

eToro adds twelve new football sponsorships in UK and Germany

Dylan Holman, Global Sponsorship, Senior Manager at eToro commented: As a leading investment platform with over fourteen million users, we believe sponsorships are a powerful tool that help build and reinforce eToro as a world class brand. We will be working with clubs to make the financial markets more accessible than ever, using our partnerships…

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Plus500
September 17, 2020 BY Steffy Bogdanova

Plus500 appoints Anne Grim to the Board as a Non-Executive director

However, “Resolution 17” for a bonus for the Group’s CFO Elad Even-Chen was withdrawn. Even-Chen was considered for a significant cash payment reward for ensuring "a significantly reduced Corporation Tax liability" and saving the company more than $100 million. The bonus proposal faced opposition from some of shareholders and Institutional Shareholder Services had recommended that the…

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CLS Group trading volumes
September 16, 2020 BY Valentina Kirilova

CLS reports steady volumes MoM in August

CLS’s Head of Information Services, Masami Johnstone, commented: Daily traded volumes in August were flat (-0.5%) versus the previous month, at USD1.65 trillion. This comprised FX swap volumes of USD1.188 trillion (-0.3%), forward volumes of USD77 billion (-3.8%) and spot volumes of USD384 billion (-0.5%). Compared to August 2019, FX swap volumes were slightly down…

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Plus500
September 16, 2020 BY Steffy Bogdanova

Plus500 keeps its performance momentum in H2 but may face shareholder disapproval of CFO bonus

All of these factors have contributed to the platform usage remaining at elevated levels and customer deposits remaining robust. The trading platform is well positioned to deliver sustainable future growth due to its proprietary technology, its flexible and scalable business model, its strong financial position and a track record of delivery against key performance metrics.…

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Forex trading has never been easy in the States
September 16, 2020 BY Steffy Bogdanova

Forex trading has never been easy in the States

Limitation on Leverage You probably know by now the part that leverage plays in online Forex trading. Offered by Forex brokers as borrowed funds, leverage allows traders to access more money, giving them power to trade in larger volumes. Many brokers provide leverage as high as 1:1000 to attract more clients. With such leverage, a…

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daily market analysis
September 16, 2020 BY Valentina Kirilova

Daily market commentary: Crucial FOMC meeting today

GOLD In the last few trading sessions we have seen less volatility on gold. The bullion price remains above $1,950, without being able to attack the key resistance area of $2,000. The positive trend looks to be recovering its strength even if we are in a “wait and see” phase, with investors believing that the…

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First Derivatives CFO to step down
September 16, 2020 BY Steffy Bogdanova

Former eBay CTO Steve Fisher joins tech provider First Derivatives

Fisher has also occupied senior technology development positions within telecoms and networking, such as Apple and AT&T Labs. He brings valuable for FD’s growth strategy combination of enterprise technology development and leadership expertise in software platforms, software as a service and cloud. Fisher’s expertise in the development and scaling of enterprise software, in particular will…

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