UK stocks sink on GDP figures, US headlines Despite a Friday rally, London-listed stocks sank last week. In addition to the headlines and economic data out of the US, investors also got a view into the impact of the pandemic-induced lockdown on UK GDP, alongside March industrial and manufacturing production numbers. The UK economy shrank…
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The massive global shutdown of the economy caused uncertainty and volatility in the financial market generating dramatic swings in stock prices. The Fed flooded the financial system with liquidity which settled the markets down but there are still risks. Federal Reserve Chairman Jerome Powell said: Additional fiscal support could be costly, but worth it if…
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Artyom Gavrichenkov, Qrator Labs chief technology officer said: Throughout 2019 and 2020, we’ve seen a significant raise of DDoS attacks against online trading businesses. Most of the attacks are organized either by cybercriminals to extort funds, or by competing businesses to win the competition. We had a lot of prior experience with MetaTrader 5. After…
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Average daily traded volume submitted to CLS by product (USD trillion)* April 2019 March 2020 April 2020 Forward 0.095 0.129 0.086 Swap 1.175 1.358 1.085 Spot 0.369 0.707 0.379 Total average daily traded volume submitted to CLS (USD trillion) 1.639 2.194 1.550 * Due to rounding, numbers presented throughout the document may not…
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FTSE 100 sinks heavily after Fed chair speech, OBR figures London-listed stocks sank sharply yesterday following Federal Reserve chairman Jerome Powell’s downbeat speech in the US on Wednesday. Additionally, in the UK, the Office for Budget Responsibility reported that the cost of government interventions to aid the economy will lead to a budget deficit of…
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Gibraltar-based crypto exchange Huobi offers their own brokerage services as an additional service for institutional clients, although finding companies that offer full range of prime brokerage tools is rare. Headquartered in London, Bequant offers its clients access to spot trading at exchanges and OTC desks. Zarya has said that the firm plans to offer derivative…
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The Bitcoin third block halving event took place this Monday. Every four years the amount a bitcoin minor receives is cut in half as a deflationary measure. The Bitcoin reward has gone down to 6.25 BTC from 12.5BTC. The algorithm behind the halving is designed to limit the total number of Bitcoins issued to 21 million…
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EUROPEAN SHARES European markets showed volatility as they edged higher on Friday as traders weighed up the mixed data from China overnight. Investors were pleased to see the Chinese Industrial Production topping estimates for April but were disappointed by the drop in Retail Sales which highlighted the weakness of demand in almost every sector, and…
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The rebranding will cover all of INTL FCStone’s regulatory profiles around the world and will not require any significant action by clients and partners. The company says it will preserve the “significant brand equity” as “Stone” representing the oldest part of the company’s franchise and the “X” is for exchange, digitization and innovation. INTL FCStone…
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With 20 years of professional experience in the financial industry, Thomas has previously worked in in sales and trading for European banks in London and Geneva, such as UBS, Societe Generale and BNP Parisbas. He has led European Innovation fir Fidelity investments and built several successful startups. In 2013, Thomas also co-founded Monito, Lausanne based…
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