Wael Hammad, Chief Commercial Officer (CCO) at XS.com, said: With a wealth of expertise gained over numerous years in the finance and FinTech industries, along with an established history of accomplishments, I have full confidence that Sixtus will offer a unique viewpoint and innovative concepts. I eagerly anticipate collaborating closely with him to sustain our…
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Leif Abraham, co-CEO and co-founder of Public, said: London and the broader UK market has always been the financial epicenter of Europe, so it's a natural place for Public to start our international expansion. Public has always had European roots: my co-founder and I are both European, and we have a team across multiple European…
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The US securities regulator explained that broker-dealers may encounter significant deposit obligations from time to time due to customer and PAB reserve calculations. SEC is suggesting that broker-dealers with a net cash balance of $250 million or more must perform daily calculations and promptly deposit the corresponding cash into the reserve account by the close…
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Regulated by ASIC since 2011, GMT Markets, caters to retail, as well as institutional clients. The company works closely with banks to provide clients with competitive spreads on forex, gold, commodities, indices, and crypto CFDs. FPG Capital establishes strong partnerships with banks to offer competitive spreads on forex, gold, commodities, indices, and crypto CFDs. Through…
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Furthermore, NAGA effectively reduced its direct marketing expenses and successfully drew in fresh clientele. The average deposit amount from these new customers nearly twofolded when compared to the figures of 2022. Sam Chaney, Chief Commercial Officer of NAGA, said: We are thrilled with our performance and future growth prospects. Our focus on cost reduction and…
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Price Action Closing in on Daily Demand Across the page on the daily chart, you might recall that I noted the possibility of a sell-off emerging from channel resistance extended from the high of $214.00, which was accompanied by negative divergence from the RSI. You may also recall that recent writing pointed to the possibility…
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Significantly, the revenue stemming from direct client services experienced a growth of around 121%, accounting for 87% of the total revenue. This figure marks a substantial increase compared to the previous year's first half, where it constituted 74% of the overall revenue. James Hickman, CEO of Cornerstone, said: This has been an excellent six months…
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As a vital component of this collaboration, Finalto will distribute its institutional liquidity directly to clients of Your Bourse via the Your Bourse Platform. Clients will have access to Finalto's liquidity, integrated within the Your Bourse Platform. Paul Groves, UK B2B CEO at Finalto, said: We have known the Your Bourse team for many years…
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On the technical side, the price on the chart has been making consistent gains since early March with multiple retests to break the upward trendline without being able to do so. This shows the strength of the quid against the dollar in the medium outlook. The 50 day moving average is still trading bove the…
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Technical View: Markets to Watch for the Week Ahead Currencies: US Dollar Eyeing the 101.92 Low With Friday’s one-sided decline, it was a disappointing week for the Dollar Index, down -0.6%. Trend studies on the monthly timeframe show price action has been northbound since bottoming in 2008 at 70.70. Q4 (2022), as you can see,…
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