Category: Forex

CUSIP-based entity identifier to boost transparency and system integration of the syndicated corporate loan market
August 03, 2023 BY Alan Sayer

CUSIP-based entity identifier to boost transparency and system integration of the syndicated corporate loan market

This CUSIP Entity Identifier (CEI) is a unique 10-character code for each legal entity with a corporate loan. CUSIP Global Services developed the code in collaboration with the Loan Syndications and Trading Association (LSTA) and Versana, an industry-backed data and technology company. The CEI will provide transparent insights into the underlying legal entities involved in…

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RBA intervenes: Aussie interest rates paused to review data
August 02, 2023 BY Alan Sayer

RBA intervenes: Aussie interest rates paused to review data

According to currency analyst Luca Santos at ACY Securities, the CPI forecasts predict an inflation decline to 3.25% by the fourth quarter of 2024. A reduction would ensure the decreased inflation target for the further quarter of 2025 is met. Although the change is barely discernible, it implies that the RBA and other financial authorities…

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Continuing momentum: CAPEX.COM appoints new Executive Director Paul Turner
August 01, 2023 BY Alan Sayer

Continuing momentum: CAPEX.COM appoints new Executive Director Paul Turner

Turner’s focus will be continuing the growth momentum and strategic efforts of CAPEX.com in the UAE offices and established and emerging markets. The company’s goals include: Forming close bonds with stakeholders, partners and clients. Improving multi-asset trading opportunities. Generating greater revenue across the Middle East and Africa. In the company’s press release, Turner commented, “I…

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July 31, 2023 BY Alan Sayer

Gearing for the future: Letting AI tools drive retail investment portfolios

The social trading platform conducted a study of 10,000 retail investors in 13 countries to gauge the receptiveness of applying evolving technological trends in investment decisions. The gathered data reflected that 35% of these were willing to use technology to inform trading choices, while 40% firmly rejected the notion. Interestingly, the 19% open to the…

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Tradeweb
July 28, 2023 BY Steffy Bogdanova

Tradeweb’s Q2 net income jumps 25% to $101.9 million

Net income for the period came in at $101.9 million and at $123.7 million on adjusted basis. Both numbers marked a rise on yearly basis of 24.9% and 10.8%, respectively. In Q2 2023, adjusted EBITDA margin stood at 52.5% and adjusted EBITDA for the quarter was $163.1 million. In comparison, for the same period during…

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BidX Markets
July 28, 2023 BY Steffy Bogdanova

BidX Markets introduces spread betting platform for UK pro traders

James Roddy, HNW Professional Client Sales at BidX Markets, said: We are delighted to be making the announcement that BidX Markets has now expanded its product offering to include Spread Betting for our Professional Clients - this move embodies our commitment to continue to deliver innovative and customer-centric solutions. What makes this product particularly appealing…

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July 28, 2023 BY Steffy Bogdanova

Italy's Consob blocks 3 more unauthorised firms

These companies offer high-risk investment instruments, including contracts for differences (CFDs) of forex and other asset classes. Consob has the authority to block websites offering illegal financial services at an internet service provider level. The regulator stated: The black-out of these websites by Internet service providers operating on Italian territory is ongoing. For technical reasons,…

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July 27, 2023 BY Steffy Bogdanova

Is the Fed done hiking? Markets think so, Powell doesn’t

Market Expects No Further Hikes in 2023 According to the CME’s FedWatch tool, market participants now overwhelmingly expect that the Fed’s hikes for 2023 are over. There is currently a 78% probability of a pause in September, a 65.7% probability of a pause in November, and a 61.4% probability of a pause in December. Interestingly,…

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July 27, 2023 BY Steffy Bogdanova

XTB sees net profit drop 12% in H1 2023, new clients jump 66%

Active clients XTB registered a record 167,000 new clients in H1, seeing a 65.5%YoY surge from the same period the previous year. The Warsaw Stock Exchange-listed company’s active clients also jumped to 274,450 by 44.4% However, XTB's CFD profitability per lot, representing the profit on a per-trade basis, experienced a 17.4% YoY decline, reaching PLN…

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