Category: Forex

Ballinger & Co. adds three directors to its senior team
July 16, 2020 BY Steffy Bogdanova

Greg Bennett and Stephane Carty join Appital as non-executive directors

Stephane Carty has over 23 years of experience in trading and financial derivatives. In 2010 he founded global volatility fund Fir Post Capital and subsequently Blackheath Capital Management. Prior to that the served as a head of European Principal Strategies at Wachovia Securities International. Carty  brings to Appital market structure expertise, insights into operating in…

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Acquisition
July 16, 2020 BY Steffy Bogdanova

Danish Financial Supervisory Authority grants clearance to Euronext to acquire VP Securities

Following the acquisition of the agreed upon shares, Euronext plans to initiate a compulsory acquisition procedure to acquire the remaining shares not already tendered in accordance with the rules of the Danish Companies Act. Earlier this month, Euronext FX reported trading volumes increase by 18% MoM for June. The total cash market reached EUR 244,406.7 in…

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daily market analysis
July 16, 2020 BY Valentina Kirilova

Daily market commentary: The US dollar is staging a modest comeback

EUROPEAN SHARES  European shares slid lower on Thursday, mostly in profit taking moves sparked by disappointing Chinese retail sales this morning. Even if trading optimism has recently been boosted by vaccine developments, today’s poor Chinese data underline that market confidence remains feeble and reminded some investors the path to a full recovery may be longer…

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WFE reports 41% of exchanges have initiatives that correspond to the five Sustainability Principles
July 15, 2020 BY Steffy Bogdanova

WFE’s Sustainability Survey reports growing investor demand for ESG disclosure

The key findings of the WFE survey include: Exchanges continue to develop sustainability efforts through the WFE Sustainability Principles. Among the exchanges participating in the survey, 41% had initiatives that correspond to all five Sustainability Principles. Almost 90% of the exchanges saw investor demand for ESG disclosure, of which 29% believed demand to be extensive.…

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FMA warning
July 15, 2020 BY Steffy Bogdanova

StarkMarkets and Libra Markets appear on FMA warning list

The New Zealand watchdog found that Stark Markets appears to not be a registered financial service provider in New Zealand. The British Colummbia Securities Commission of Canada found that the website https://starkmarkets.com and its associated entities are named as “StarkMarkets, operated by SWISSGEMS Ltd. and Krisimark Ltd”. FMA also discovered that Libra Markets is not a registered…

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forex and crypto market analysis
July 15, 2020 BY Valentina Kirilova

Daily Market News: Vaccine hopes spur markets on

Ocado UK sales grow 27% on back of pandemic The FTSE 100 was close to flat yesterday, while the FTSE 250 sank back 1.2% with its year-to-date loss now well past 20% again. In earnings news, online grocer Ocado reported earnings for the six months ended May 31. The firm delivered a pretax loss of…

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appointment
July 15, 2020 BY Steffy Bogdanova

First Derivatives appoints Thomas Seifert as non-executive director

FD’s strategy for business growth will be supported by the appointment of Seifert. His board sector experience will assist the company’s efforts to advance the adoption of the Group’s Kx streaming analytics technology platform in sectors adjacent to and outside of its capital markets heritage. Thomas Seifert commented: FD is an exciting company with market-leading…

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daily market analysis
July 15, 2020 BY Valentina Kirilova

Daily market commentary: Reports of successful tests for a coronavirus vaccine enhance global appetite for risk

EUROPEAN SHARES  European shares continue to trade higher on Wednesday, alongside Asian equities and US Futures, as vaccine hopes keep on fuelling the market’s current bullish sentiment. Moderna’s promising results from its vaccine trial have helped sustain market sentiment today, and this optimism even offset new cases of the virus spotted around the world. However, the…

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CLS Group trading volumes
July 14, 2020 BY Valentina Kirilova

CLS volumes up 20% MoM in June

CLS’s Head of Information Services, Masami Johnstone, commented: June 2020 saw a recovery in average daily traded volumes in comparison to May. The elevated level of volume continued throughout June, which is a contrast to the relatively quiet period seen between mid-April and the end of May following the extreme volatility in March and early…

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