UK rallies as financials come to the rescue UK markets turned positive late yesterday to finish on a high, with financial stocks coming to the fore amid changes to the US regulatory landscape. Asset managers Schroders and Standard Life Aberdeen both closed up over 3%, while investment platforms were also in the ascendency, as investors…
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Panxora’s AI models adapt to the manner cryptocurrency markets operate. They take advantage of upward trends and act quickly to limit losses when markets decline sharply in value. Hugh Hughes, CEO and Chairman at Koine, said: From Koine’s inception, our main focus was the protection of digital assets, which is why we’re working with independent…
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The Italian Banking Association (ABI) has shown its willingness to support a digital currency from the European Central Bank. The ABI has approved official guidelines for governing a Central Bank Digital Currency (CBDC). The Executive Committee of the ABI has agreed on ten fundamental criteria to issue the digital euro. London Stock Exchange Group (LSEG) announced…
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EUROPEAN SHARES European shares opened without clear direction on Friday as market sentiment remains mixed for the end of the week. Despite a strong optimistic tone registered in June, investors’ risk appetite is now tempered by a renewed momentum in daily virus cases in many areas, as well as rising trade tensions between Washington and…
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Chrysovalantis Karageorgiou commented: SquaredFinancial’s vision of becoming a global leader in financial services fintech, is one I can stand behind. As such, I’m excited to have joined a team of industry experts who are committed to continual improve and enhance the investment and trading services provided to clients. Prior to joining SquaredFinancial, Karageorgiou served as…
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LR: How did these new products perform given the plummet in oil prices seen earlier in the year, with WTI even seeing negative prices? These products were quickly developed in response to previously unforeseen prices on oil contracts nearing expiry. We wanted to offer our clients an alternative solution to traditional products that would enable them…
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In the past two years the program has given seats to Commerzbank, Deutsche Bank, J.P. Morgan, LBBW and UniCredit. Head of Fixed Income & Currencies at UniCredit Group Tong Lee will be a member of the board in future. For Deutsche Bank, David Feldmann, Head of Capital Markets Germany, Austria & Switzerland, will take over…
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What to watch Nike: Attracting a lot of attention ahead of its Q4 results today is Nike as analysts flock to offer upbeat assessments of the share price. While the company’s stock tumbled with many others during the initial coronavirus outbreak, it has largely recovered all its losses in the subsequent rally and now hovers…
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Alexander Culley, Chief Compliance Officer, EMEAA (Europe, the Middle East, Africa and Asia) for INTL FCStone Ltd., said: Our colleagues in the U.S. have been extremely pleased with the ability to customize alerts as well as the performance and flexibility of the Validus platform – not only as it relates to U.S. trading venues but…
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Michael Findlay said: I am delighted to be joining London Stock Exchange plc’s Board as the Non-Executive Chair. I look forward to working with the Board and the executive team to continue to develop the business for the future. LSEG also noted the appointments of Nikhil Rathi as CEO of the FCA and Denzil Jenkins…
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