An exchange-traded Bitcoin fund on a major global stock exchange is now a reality at the Toronto Stock Exchange (TSX) in Canada and 3iQ, the asset management firm that stayed the course for three years and which launched the fund this past Thursday. $14 million was invested on that eventful day with more to come…
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What to watch Abbott Laboratories: Medical giant Abbott Laboratories announced this week that it is launching its third coronavirus test, and that it could be screening up to 20 million people for Covid-19 antibodies by June. While its previous two tests can show whether a person currently has the disease, the new test will show…
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Before Pellucid, Crockett was head of investment banking strats groups at Credit Suisse and Merrill Lynch, where he managed quantitative corporate finance advisory practices and digital transformation efforts. Prior to that, he served for several years as a Director at Deutsche Bank in the UK after beginning his career in Sydney. At his new role…
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OIL The collapse of the oil price is not yet over. As mentioned in previous comments, the new agreement seems to be massive but in reality it is simply not enough in the face of the collapse in oil demand, leaving producers in serious crisis. In just a few days we have seen the price…
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A new risk monitoring solution comes out on time for increased volatility on financial markets. When the large trading volumes start overflooding the markets and increased trading activity puts the current infrastructure to the test, being able to spot potential problems becomes crucial for daily operations of international forex brokers. Brokeree’s System Alerts allows MetaTrader…
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Ashley Groves, CEO / Founder of Deaglo, said: Due to the strong interest from clients for our consulting offering, demand for which has increased rapidly given the unprecedented FX market volatility of late, it was important we brought on board an expert to focus on this. Paul is highly respected in the FX industry and…
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Cassini Systems CEO & Founder Liam Huxley noted: In these times of extreme market volatility and enormous margin swings, it’s particularly vital for market participants to not only ensure they meet the challenges of Uncleared Margin Rules but also understand and manage the true cost of every transaction, from the pre-trade stage all the way…
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SEB Head of e-FX distribution, Carolina Trujillo, commented: We are excited that becoming a liquidity provider on BidFX is enabling us to extend our reach and both follow existing clients as well as get access to new clients. As the leading liquidity provider in Scandinavian currencies, we want to be able to reach out to…
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Investors sell BP and Shell after Opec deal As UK markets reopened after the long Easter weekend, investors reacted to the fallout from the Opec-Russia oil production cut deal which, while record breaking, has been deemed by some analysts to be too little too late. Royal Dutch Shell’s London-listed shares fell 3.5% on Tuesday, with…
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Tradesocio CEO Wael Salem commented: It is a real pleasure to see our ecosystem grow organically. Advanced Markets is a valuable addition to Tradesocio’s Marketplace, expanding the spectrum of choice that our liquidity ecosystem offers. Adopting our technology, financial services providers that target or are based in the MENA region, now have a reliable source…
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