Category: Forex

May 22, 2020 BY Steffy Bogdanova

IBM announces unknown number of job cuts

Last month IBM withdrew its financial forecast as software sales were affected negatively by the coronavirus pandemic. CFO James Kavanaugh talked about making structural changes in the company to improve the competitiveness of the company. Earlier in May, CEO Arvind Krishna stated that IBM would cut even 5% of the dividend. Krishna said: I believe…

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May 22, 2020 BY Steffy Bogdanova

Hong Kong shares tumble as China plans new security law

Morgan Ortagus, a State Department spokeswoman stated: Any effort to impose national security legislation that does not reflect the will of the people of Hong Kong would be highly destabilizing, and would be met with strong condemnation from the United States and the international community. Ortagus added: We urge Beijing to honor its commitments and…

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May 22, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Ban of short-selling suspended, FXCM launches Stock Baskets

Technology provider AMTS Solutions considerably expanded its range of product offerings with the launch of MetaTrader 5 gateways to dozens of liquidity providers, including prominent providers like LMAX, CFH, IG, Barclays, J.P. Morgan and Morgan Stanley. eWarrant Japan Securities K.K. launched MetaTrader 5 for Nikkei and Dow Jones indices trading. The company implemented its services…

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Australia cfh office
May 22, 2020 BY Valentina Kirilova

CFH launches CFH Australia with an office in Sydney, regulated by ASIC

Alex Mackinnon commented: With the changes in Australian regulations, the strongest market players will be setting the tone in the areas of a transparent business model offering competitive products and services in an ethical and transparent environment, crucial for growing financial market for leverage products to wholesale investors in Australia. CFH is a forward looking…

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IG Group office
May 22, 2020 BY Steffy Bogdanova

IG Group’s online trading platform suffers major outage

Approximately an hour later, IG reported on Twitter that the problem was fixed and apologized to its clients. IG stated: We're extremely sorry for the issues experienced earlier. Our services have resumed to normal but please contact us if you're still experiencing issues, or have a question about your account. All issues are now resolved…

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FXSpotStream forex volumes
May 21, 2020 BY Steffy Bogdanova

Societe Generale joins FXSpotStream as liquidity provider

FXSpotStream also reported that even through the extremely volatile period, the service was up with no interruptions. Order volumes increased twice in March compared to January and massage updates per second increased 300%. The number of clients going live in first quarter of 2020 rose 19%, compared to Q1 2019. NDF and Forwards volume also…

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