Forex Weekly Look Back: Financial markets and bitcoin in recovery, Japan to enforce new crypto laws LeapRate

April 10, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Financial markets and bitcoin in recovery, Japan to enforce new crypto laws

The Cyprus Securities and Exchange Commission (CySEC) suspended this week the Cyprus Investment Firm (CIF) authorisation of Cyprus Investment Firm Belight Capital Group Ltd on violations of regulatory requirements. Financial markets have been in recovery mode for the past several weeks after falling precipitously in mid-February due to the global COVID-19 pandemic. Bitcoin, to the…

April 10, 2020 BY Valentina Kirilova

CLS’ ADV up 21% MoM in March

CLS’s Head of Information Services, Masami Johnstone, commented: "The impact of COVID-19 on the global economy significantly increased in March 2020, with the World Health Organisation taking the expected step of declaring a pandemic on Wednesday 11 March. The multiple nationwide lockdowns had a significant impact on investor sentiment which led to sharp stock market…

April 09, 2020 BY Steffy Bogdanova

Horizon Software opens is platform iSTOX for trading

Vincent Dumontoy, Head of Client Solutions & Services at Horizon, commented: We are happy to be the first electronic platform to provide a direct connectivity to the new platform. Some of our clients are currently starting to issue DeltaOne tokenised securities on iSTOX. Capital markets have seen many changes and innovations over the years, and…

BGC Partners updates its second quarter outlook with lower expectations

April 09, 2020 BY Steffy Bogdanova

Former Cboe FX COO Paul Reidy joins BGC Partners as Head of Brokerage Technology

Reidy joins ex-Cboe FX alums (including via predecessor companies Hotspot FX and KCG) Howard Silverman, Barry Calder, Steve Bisgay, Jeff Headley, Steve Sadoff, John Colantuono and others there. Reidy has also worked as a Head of FX Technology at BATS Global Markets, as Managing Director at Knight Capital Group for almost ten years. He as…

April 09, 2020 BY Valentina Kirilova

Daily market commentary: Shares are trading higher in Europe

OIL After yesterday’s oil price rally, investors are in a wait and see mode as the OPEC+’s key virtual meeting approaches. It will be crucial for the group to reach a quick agreement to mitigate against the worst-case scenario of an enduring global glut, which was the result of the failure of the previous OPEC…

April 09, 2020 BY Valentina Kirilova

Exclusive: BidFX appoints former GAIN GTX executive as Head of Greater China

Wong has sales experience in working in the capital markets industry and skills in Trading Systems, Derivatives, Commodity Markets, Foreign Exchange (FX) Options, and Currency which he is going to bring to his new role at BidFX. We reached out Wong for comment on his new role, here's what he said: Personally, I am very excited to join…

April 09, 2020 BY Valentina Kirilova

Daily Market News: Markets rise on infection peak optimism and stimulus hopes

What to watch US jobless claims: Another week of initial jobless claims data will be released on Thursday, after 10 million new people filed for unemployment in the US over the past two weeks. The consensus expectation, which last time was way below the mark, is for a figure of six million this week. Currently,…

Triad Securities and Argus Research report volumes for Q1 2020

April 08, 2020 BY Steffy Bogdanova

Triad Securities and Argus Research report drop in IPOs since Q4 2019

The IPO is slightly up YoY with about 100 companies having filed plans with the SEC to go public. Investors are also looking forward to future filings from “Unicorns” such as Waymo, which had been valued at $30 billion before the coronavirus pandemic hit; Palantir, analytics/Big Data company, which had been valued at $11 billion;…

April 08, 2020 BY Steffy Bogdanova

Daily market commentary: The US dollar is gaining ground against other major currencies

GOLD In the last few days we have seen an acceleration of the gold price as it seems that investors are starting to realize that central banks will be forced to print a huge amount of money and put in place other ultra-expensive measures to fight the coronavirus-induced crisis. From a technical point of view,…

April 08, 2020 BY Steffy Bogdanova

Daily Market News: ExxonMobil cuts its 2020 spending by 30%, with oil price volatile ahead of Opec meeting

Small cap UK stocks continue closing gap to large names For the second day running, the smaller London-listed names in the FTSE 250 index continued to close in on the UK’s biggest companies, the top 100 of which make up the FTSE 100 index. The FTSE 250 popped 5.1% on Tuesday, to the FTSE 100’s…

Category: Forex