EUROPEAN SHARES Volatility continues to increase in stock markets as the week draws to an end, especially in Europe, where most benchmarks opened mixed but with strong price actions. Rising virus infections are weighing on market sentiment, principally after France and the UK registered new record numbers. Investor hopes are now that new governmental stimulus…
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Westpac Banking Corporation announced reaching an agreement with the Australian Transaction Reports and Analysis Centre (AUSTRAC for 23 million alleged breaches of anti-money laundering laws. The bank agreed to pay $1.3 billion to settle the charges in the biggest penalty in Australian corporate history. Digital asset trading platform Bitfinex launched real-time market data feed to…
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Democrats aim for pared back stimulus bill All three major US stock indices eked out a positive day after a volatile session yesterday. The next round of Covid-19 economic stimulus once again hit headlines, after reports that Democrats are putting together a new $2.4trn bill that cuts roughly a trillion dollars from the cost of…
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Besst Point Capital House manages $ 250 million in funds, collectively, for institutions, financial advisers and private investors. Broker team members with over 14 years of investments experience, manage $65.8 million in client portfolio. Santoshkumar Gaikwad, Chairman of Besst Point Capital House commented: With MetaTrader 5 now as Hedge Fund Software, we are reaching our…
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Hugh Whelan, Head of EBSI commented: Client demand continues to grow for advanced functionality and consistent workflow management solutions. This link will improve our clients' experience, especially as IHS Markit's thinkFolio is often their system provider of choice. Connectivity between EBS Institutional and thinkFolio is a key milestone in our strategy to expand the suite…
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GOLD Gold price has fallen to its lowest level since late July, while greenback continues to recover with the Dollar Index reaching 94.5. Technically, an important point has now been reached with the break-down dragging the price down to the low point of August. This represents a bearish signal, as the price plummeted to $1,850, well…
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Cineworld up 10% ahead of earnings, but then disappoints London-listed stocks rallied yesterday while their US counterparts fell, with the FTSE 100 and FTSE 250 both adding more than 1% on the day. In the FTSE 250, Cineworld Group jumped 10% the day ahead of its latest quarterly earnings report, in anticipation of positive news…
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Christophe Roupie, Head of EMEA and APAC at MarketAxess, said: With over 30 years of experience in providing regulatory reporting and data services to the world’s leading financial institutions, we know just how important they are for our clients. With this acquisition, we’re strengthening both our global post-trade and data businesses in two important ways:…
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Citibank CEO Michael Corbat said: I am extremely proud of what we have accomplished in the past eight years. We completed our transformation from the financial crisis and emerged a simpler, safer and stronger institution. Across our businesses, we made investments in products where we saw opportunities for growth, and Citi has regained its place…
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Andy Biggs, Head of Liquidity, CFH commented: Historically there has been a trade-off between speed of execution and pricing. Traders should have the option to choose which is right for them based on their trading style and requirements. The CFH Liquidity Team created a Zero hold time pool minimizing the gap in pricing to standard…
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