INTL FCStone announced its filling to the US Securities and Exchange Commission regarding the rebranding to StoneX earlier in May 2020. The company said that its old name, INTL FCStone, reflects the merger between International Assets Holding Corporation and FCStone Group from 2011. After operating with the same name for nine years, the board is…
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Bhasin has held senior positions in AT&T such as head of its Asia Pacific’s managed network services business and President of AT&T Japan Ltd. He also served as senior managing director of Japan Telecom Company Limited. Company Chairman Mike McTighe said: Following an extensive, externally facilitated search I am delighted to welcome Rakesh to the…
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What to watch Paychex: Human resource and payroll outsourcing firm Paychex reports its latest quarterly earnings today. The $28bn market cap firm’s share price is down 8.6% year-to-date, after a 30% surge over the past three months. Analysts are expecting an earnings-per-share figure of $0.60, and overwhelmingly favour a hold rating on the stock. How…
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Daniel Carter, Managing Director of Velocity Trade, commented: TraderEvolution has built a very strong multi-asset trading platform. This enabled us to provide a unique offering to our customers mixed between listed securities and OTC products. The trading platform is cleverly designed in the back office, enabling us to easily integrate and manage the multitude of markets…
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The new offering will allow customers to easily scale in or out of positions or access stocks that would have previously been too expensive. Apple (AAPL.us) Facebook (FB.us) Netflix (NFLX.us) Share Price* $366 $233 $471 FXCM Micronisation 1/10 1/10 1/10 Value of 1 FXCM Contract $36.6 $23.3 $47.1 Margin Requirement* $3.66 $2.33…
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EUROPEAN SHARES European share markets slid slightly lower on Tuesday as bullish market sentiment takes a break ahead of a busy upcoming few days with a slew of new macro data. Investors unsurprisingly seized the occasion brought by this morning’s disappointing German industrial production data to cash in some of their profits, following a six-day…
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The market volatility brought about in the beginning of the year, remained high in the second quarter and fueled a high level of trading activity. The second quarter revenue reached $247.6 million from $94.1 million for the same period the previous year. The company also added over 88,000 new customers and reached a record 115,225.…
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With volume of both buying and selling having declined, this could be the beginning of the accumulation phase of a new uptrend. Confirmation could be sought from studying behaviour around near-term resistances, primarily the 50 and 100 SMAs not far above the current price. Two crucial events this week though will mean that fundamentals are…
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Vittal joins the company from JPMorgan Chase, where he served as Managing Director and Head of Treasury Services Franchise Client Management in charge of innovative client solutions leveraging data analytics and digital technologies. Prior to that Vittal was Managing Director at Goldman Sachs, holding several leadership positions in the Investment Management and Investment Banking divisions.…
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EUROPEAN SHARES All eurozone benchmarks opened significantly higher on Monday as the momentum on riskier assets remains strongly bullish momentum despite coronavirus cases continuing to rise over the weekend. As explained in previous reports, the recent positive macro data and potential development of a cure against the virus boosted market sentiment last week. However, the…
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