The average daily volume OTC trading was $8.5 billion, down by 1.2%, compared to April when it was 8.6%. Futures contracts amounted to 543,683 in May, a 4.1% MoM drop compared to 567,189 last month. Gain Capital announced that the company’s stockholders voted last Friday to approve the set forth in February merger with financial services provider…
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Cable, four-hour Having made a fresh three-month high around $1.275 overnight, the pound has now retreated somewhat against many currencies today including the dollar. More news of the UK’s lockdown being eased is awaited, and a general weakening of “risk on” so far today has weighed on the pound somewhat. No real progress was made…
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IEX President and Co-Founder Ronan Ryan commented: Daniel has spent his career providing best-in-class service and product innovation to all market participants, developing deep expertise, knowledge and earning the respect of the industry. As COO of IEX Exchange, this experience will be invaluable. I’m thrilled Daniel has joined the team and look forward to working…
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Wayne Roworth, Co-Head of eFX at Sucden Financial commented: We are pleased to be joining the TrueFX network as a clearing member and offer our clients access to this service with valuable connectivity to the marketplace. TrueFX is an exciting development for the FX market and we are proud to demonstrate our commitment to this…
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What to watch Chewy: Online pet food and supply retailer Chewy has been a natural beneficiary of the coronavirus pandemic, as large numbers of people have chosen to adopt dogs and other pets during this period. At the same time, many haven’t been able to go shopping physically. The company reports its latest set of…
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David Quinlan commented: I’m excited to join the board of oneZero and support their mission to provide financial institutions with technology for FX execution, distribution and data insights. “My goal is to help the company accelerate the growth of its share in the FX marketplace. Andrew Ralich, CEO of oneZero Financial Systems said: We are…
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EUROPEAN SHARES European shares were little changed on Tuesday with this week’s consolidation phase continuing ahead of tomorrow’s Fed meeting. Even if the strong bullish pace on equity markets slowed significantly this week, the lack of sharp downside corrections prevents the current trend from being really threatened. This lateral tone in the very short-term is…
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Dáire Ferguson, CEO at AvaTrade, commented: AvaTrade is committed to empowering people from across the globe to trade in a safe, innovative and reliable environment. The opening of our Polish office will see local traders benefit from a richer trading experience, backed by our best-in-class service, dedicated support and custom-made solutions to fit their trading…
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What to watch Coupa Software: California-based Coupa provides software that helps large companies maintain oversight of how money and resources are spent within their businesses. The firm’s share price has jumped 48% year-to-date and is up almost 80% over the past 12 months, as cloud-based software providers have become an investor favourite with large swathes…
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Tom Higgins, CEO, Gold-i added: We began this partnership at the request of a client who was keen to use the cTrader platform. The integration not only enables cTrader brokers to access the Gold-i Matrix NETwork but also provides increased flexibility and added value for our clients who may wish to use cTrader as an…
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