Founders and Managing Directors of CFI Financial Group, Hisham Mansour and Eduardo Fakhoury said: Our success is the result of the human element that is found within the CFI Financial Group. As we prioritise maintaining and nurturing talents internally, we strategically seek to expand our team by finding new individuals who could bring fresh perspectives…
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GOLD US Treasury Secretary Steven Mnuchin’s comments yesterday about the need for a stable US dollar, has not led investors to change their view on yellow metal, and gold fever remains huge. Bullion is getting closer to $1,900, while the only resistance left for gold is the historical peak of 2011, which is just 1%…
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Glenn Stevens, CEO of GAIN Capital commented: A second quarter of high volatility, due in part to the ongoing economic concerns over the COVID-19 virus, allowed Gain to continue to benefit from high daily volumes, up 28% year on year, revenue capture of $150 plus improved operational leverage arising from a successful focus on cost…
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Brett Schechterman, Managing Director and Global Head of thinkFolio at IHS Markit said: Although regulatory authorities have recently moved to delay the final implementation phases of UMR in consideration of the challenges posed by COVID-19, our partnership with Cassini Systems to deliver an integrated solution to ensure transparency of margin and collateral costs can provide…
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The addition of Barclays to the FXSpotStream Service, expands the offering by increasing the liquidity available to clients. With the increase of the liquidity, the volume supported by the service also grows. In June the company registered an ADV of USD43.287 billion - a 19.9% increase MoM compared to May 2020 and their third highest…
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Gareth James, Macro COO from Standard Chartered said: We see Cobalt as being a core part of our FX operating platform, enabling Standard Chartered to reduce risk and costs by automating manual processes across the bank and therefore improving services to our clients. This investment shows our confidence in the platform and we look forward…
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EUROPEAN SHARES Stocks opened slightly higher in most European markets on Thursday, retracing some of yesterday’s losses while market sentiment remains mixed and directionless on a very short-term basis. Even if most bullish trends remain valid on European benchmarks so far, especially on the DAX-30 Index, lingering concerns over the uncertainty on the timing of…
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Outlook IG Group expects maintaining the momentum around the Core Markets and the portfolio of Significant Opportunities and to contain the progress it made in FY20. The targets remain the same: revenue growth in Core Markets of 3-5% over the medium term, and an incremental £100 million of revenue by the end of FY22 relating to the Significant…
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UK stocks cool on Brexit trade fear and China tensions Both major UK stock indices fell on Wednesday on the back of rising China tensions and Brexit trade gloom, with the FTSE 100 down 1%. Both indices dipped on the news that the UK Government was close to ‘giving up hope’ of a Brexit trade…
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Even though the licence is suspended, ASIC has allowed the administrators to conduct certain necessary activities under the licence during the suspension period, including to have in place a dispute resolution scheme and arrangements for compensating retail clients, to hold professional indemnity insurance and to allow the termination of existing arrangements with current clients of…
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