FTSE 100 gives up gains to post a flat week On Friday, the FTSE 100 fell 1.3%, giving up all of the gains it had edged out over the course of the week; most of which came on Monday and Thursday. With US markets closed, trading volume on Friday for FTSE 100 shares was down…
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CMC Markets reported its operating income for Q1 2021 in excess of that reported for H1 2020 of £102.3 million. CMC Market said in a statement: The Board is confident that, even in the event that more normalised client trading activity returns, with the strong underlying performance of the business, 2021 net operating income will…
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Denis Alyanov, CEO of TraducationFX, commented: We’ve been offering market research articles for some time now and many of our customers, both brokerages and educational platforms, have asked us to start doing videos on technical analysis as well. Alyanov continued: Brokers find this service useful in retaining clients while for educational platforms, it’s much easier…
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Banking stocks help FTSE 100 higher London-listed shares were buoyed by positive employment figures in the US, as the UK’s biggest companies make a substantial portion of their revenues from the US. The FTSE 100 jumped 1.3%, although it is still down 17.3% year-to-date, lagging far behind the major US indices. Banking, travel and retail…
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Avi Sela, COO of eToro commented: As a global, multi-asset investment platform, we are committed to providing a reliable, fully compliant brokerage experience, protecting customer assets while offering full transparency and meeting the needs of global regulators. To accomplish this, we chose financial markets compliance innovator NICE Actimize to provide solutions which address the rapidly…
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EUROPEAN SHARES Share markets opened mostly flat in Europe for the end of the week as benchmarks consolidate gains registered during Thursday’s bullish session following the higher-than-anticipated US job report, while the US remains shut for holiday. The recent batch of solid macro data from different economic zones (US NFP, Chinese Industrial Production, EU PMIs)…
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The UK Financial Conduct Authority suspended Wirecard’s UK subsidiary and left thousands of people in the UK unable to access their money. The UK regulator froze Wirecard Card Solutions’ UK lincense to protect the company's clients following the German-based parent company Wirecard AG filing for insolvency on Thursday last week after accounting firm Ernst & Young…
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The Refinitiv FX Matching platform supports Spot, as well as Forwards trading. The matching data is essential for the FX market structure. It is used as a reference rate in price discovery, the management of client orders and FX options contracts, WM/Reuters fixings and for determining the day’s high and low trading range. Matching is…
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As per the agreement, financial services provider INTL FCStone would acquire Gain for $6.00 per share in all-cash transaction, amounting to approximately $236 million in equity value. NTL FCStone has also agreed to make an offer at closing to repurchase GAIN Capital’s $92 million convertible notes due 2022 as part of the transaction. Financial services…
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The US dollar still has a steady position. The Fed has been mobilizing enormous quantities of liquidity, asset purchases and loan programmes to stop the firestorm of contagion, and the USD has returned to its trading range in the period leading up to the crisis. Despite these actions, Saxo Bank does not believe the market…
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