Moneyfarm reports steady growth for the financial year 2019 despite volatile market LeapRate

September 02, 2020 BY Steffy Bogdanova

Moneyfarm reports steady growth for the financial year 2019 despite volatile market

Over the last year, Moneyfarm has focused on technology and expanding its reach. In July, the company signed an agreement with open banking platform, Fabrick, giving banks and intermediaries the infrastructure to offer Moneyfarm’s service to their customers. Paolo Galvani, Co-founder and President of Moneyfarm, said: Seeing results like these is more than just satisfying.…

September 02, 2020 BY Steffy Bogdanova

Daily market commentary: The US dollar recovered some of the ground recently lost to the euro

GOLD The US dollar is recovering and consequently gold is losing ground. Bullion’s decline is proportional to the recovery of the greenback, confirming that the current movement is mostly related to what is happening on the currency markets. In other words, the main trend for gold remains positive and a clear surpass of $1,990 and…

September 02, 2020 BY Steffy Bogdanova

ATFX removes minimum deposit requirements for non-EU clients using advanced trading tools

As the financial markets are still under the turbulence caused by the coronavirus pandemic, ATFX focuses on educating and simplifying every trading step with the relevant tools that demystify the trading process. ATFX offers more accessibility with anyone being able to use Autochartist and Trading Central. FX trading and advanced trading tools were reserved large…

September 02, 2020 BY Steffy Bogdanova

Daily Market News: Zoom stock leaps 41% after earnings while Tesla wobbles

What to watch Crowdstrike: Cyber-security firms have been one of the major beneficiaries of the pandemic as businesses’ security needs have shifted dramatically with most employees working from home. US company Crowdstrike, whose website bears the slogan “we stop breaches”, has ridden that wave to a 188% share price gain in 2020 so far. The…

September 02, 2020 BY Steffy Bogdanova

Integral’s ADV reach $39.8 billion in August with 6.4% MoM rise

Integral’s platforms have a varied and comprehensive set of FX products. Integral OCX gives direct access to banks, brokers and asset managers where they can use its liquidity to win market share from their competitors. OCX has a direct connection to over 250 liquidity sources which supply over 3,000 market making streams in NY4, LD4…

September 02, 2020 BY Steffy Bogdanova

FXSpotStream registers third consecutive month with ADV over $40billion

FXSpotStream’s 2020 ADV from January to August was $42.750 billion, up by 14.31% compared to the same period last year when it reached $37.398 billion The company’s ADV of $41.163 billion also marked a 35.67% more than CBOE HotSpot’s ADV of $28.702billion – exceeding CBOE/HotSpot’s ADV every month since April 2019 FXSpotStream’s ADV YoY fell…

September 01, 2020 BY Steffy Bogdanova

OANDA to acquire Polish FX and CFD broker TMS

Marcin Niewiadomski, CEO of TMS, added: We are delighted to become a part of such a strong group with a solid capital base and worldwide presence. We believe that through this transaction, TMS will strengthen its position in Poland and the Baltic States, delivering access to new products, modern technology and investment opportunities on the…

Former UBS AM head Christoph Kruecken joins Bedford Row Capital to lead Business Development and Distribution

September 01, 2020 BY Steffy Bogdanova

Former UBS AM liquidity management head Christoph Kruecken joins Bedford Row Capital

Before that, Kruecken has held many sales roles such as Senior Director in Sales and Relationship Management for BlackRock covering the DACH region within the Global Liquidity team, Vice President at TD Securities covering G20 and EM on the FI Eurobond and Corporate bond side for the DACH and Benelux market and as an Associate…

September 01, 2020 BY Steffy Bogdanova

Daily market commentary: The dollar is in decline versus other major currencies

GOLD The Fed’s decisions and the new inflation target opened space for a new rally for gold. After rebounding on the previous resistance level (and now support zone) at $1,920, bullion skyrocketed again to $1,990 as the greenback continues to weaken. Despite US indices continuing to rally, investors feel the need to increase the proportion of…

September 01, 2020 BY Steffy Bogdanova

Daily Market News: Tesla and Apple soar after stock splits

Double digit gainers in FTSE 100 despite loss for week UK markets were closed for the bank holiday on Monday. The FTSE 100 fell marginally last week, while the FTSE 250 added 1.2%, although there were two FTSE 100 stocks that posted double digit gains for the week. Industrial software firm Aveva added 19.5% driven…

Category: Forex