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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Hoch Capital announced it is closing all open positions by 14 August. The CySEC approved the suspension of the license on 6 July. Provider of investment services Rodeler Ltd also notified CySEC of its decision to terminate its CIF license. CySEC announced it approved the request on 6 July.
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Flatex CEO Frank Niehage also received a regulatory approval and will now join the supervisory board of DeGiro. Frank Niehage, CEO of flatex AG commented: When we signed the transaction, DEGIRO had less than 500k customers. We are now closing the transaction with 250k additional new clients at no additional costs and are becoming the…
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UK stocks flat as stronger pound balances out sentiment boost from EU aid deal The FTSE 100 was flat on Tuesday, after EU leaders agreed a 1.8 trillion euro aid and budget deal to help support member states, following days of negotiating. A jump in the value of the pound versus the US dollar tempered…
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Steve Kelso, Head of Capital Markets, ITI Capital said: ITI Capital have been an exciting leader across a growing number of markets and asset classes. As the dynamics of Globalisation have evolved since the Great Financial Crisis, ITI has been successful by looking forward to trends in technology as well as managing capital flows in…
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Yesterday Gore stated on social media: Today is my final day as CEO of GO Markets, so I thought it is perhaps appropriate that I give a quick shout-out to my team and acknowledge the help and support I’ve received over the last 11-years. We’ve grown a great business together. I look forward to seeing…
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