The average daily volume OTC trading dropped by 51% MoM with $8.6 billion, compared to March when it was 17.7%. Futures contracts amounted to 567,189 in April, a 19.2% MoM drop compared to 701,820 last month. The retail FX brand of Gain Capital Holdings Inc, Forex.com's Japanese business reported that on 14 April 2020 its…
Read more
FTSE climbs despite Bank of England warning UK markets were closed on Friday for a public holiday, but the FTSE 100 gained more than 3% between Monday and Thursday, while the FTSE 250 had a positive but more pedestrian week. The shortened week ended on a high, with the FTSE 100 gaining 1.4% on Thursday…
Read more
XAUUSD fell to 4th position from its number one traded instrument in March, due to disruption of the supply chain of the physical commodity. Trading volume in Spot Gold dropped more than 60% MoM to $88.74 billion. EURUSD amounted to 17.92% of all volume in April and major US indices picked up in volumes due…
Read more
The Commission also found that on 8 February 2018, Khorrami placed simultaneous buy and sell orders in six different CME futures contracts. After being unable to fill the orders, Khorrami repeatedly modified them until the bid and offer price matched, resulting in a series of pre-arranged cross trades in contracts for crude oil, British Pound,…
Read more
EUROPEAN SHARES European equities edged higher on Friday, extending the significant advance registered yesterday amid rising investor appetite for riskier assets. Market sentiment has been given a fresh boost by a reportedly “constructive” phone call between the US and China yesterday and investors were relieved to hear the two blocs were moving on with the…
Read more
Philippe Ghanem said: This is the optimum time to relaunch SquaredFinancial, as the world faces an unprecedented crisis and needs innovation and change to move forward. We are developing a fintech based financial services company which combines the best technology with the best people to deliver for a new generation of clients. Investors today want…
Read more
ASIC reported an increase in retail activity across the securities market during the Covid-19 period. The Commission’s market analysis shows the turbulent environment of the market increases the risk of loses, especially for retail investors. ASIC has found that some retail investors engage in short term trading strategies unsuccessfully attempting to time price trends. When choosing…
Read more
Li started as an oilfield worker in north-eastern China, worked as a journalist and banker before heading Hong Kong stock exchange. The company has formed a selection committee comprised of HKEX Chairman Laura M Cha as head and HKEX Directors Apurv Bagri, Benjamin Hung and Rafael Gil-Tienda to conduct a formal search process. Laura M…
Read more
FXCubic provides institutional and retail brokers with bridging solutions, price aggregation, connectivity tools and risk management automation software globally. The London-based fintech company aims to desig robust and flexible technology. Ege Kozan, Chief Executive Officer at FXCubic, said: We are delighted to welcome SquaredFinancial to our ever-growing portfolio of clients. At FXCubic, we are determined…
Read more
Education publisher Pearson was the biggest loser in the FTSE 100 for the day, closing 8.2% down. Again, insurers featured heavily among the biggest winners in the FTSE 250 on Wednesday, with Hiscox jumping 9.6%, and Direct Line 4.5%. FTSE 100: +0.1% Wednesday, -22.4% YTD FTSE 250: +0.7% Wednesday, -27% YTD What to watch Bristol-Myers…
Read more