The company’s success has been partly fueled by its approach of swiftly passing on the benefits of central bank rate hikes to its customers. Unlike many other banks, Saxo Bank ensures that clients immediately profit from higher interest rates on their unused funds. This strategy helps clients adjust their investment strategies in line with changing…
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The latest websites offering financial services to be blocked are Prime Markets (primemarkets.co.com), Fintech Market (fintechmarket.consulting), Luxem Capital, Inc. (luxemcapital.com), and Nadex CFD Limited (nadexcfd.com). The Consob has the authority to block websites offering illegal financial services at an internet service provider level. The regulator stated: Consob draws investors' attention to the importance of adopting…
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Short-Term Support Breach? While the bigger picture (daily chart) displays room to push lower, H1 support at $1,945 is vulnerable. Overhead resistance at $1,955 remains on the radar, but the zone surrounding the base (often recommended to draw support/resistance as a zone rather than a defined price point) has been tested. Therefore, a decisive H1…
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Launched in 1999, Yieldbroker operates an institutional and wholesale marketplace (D2C and D2D) for domestic customers in Australian and New Zealand debt securities. The official announcement detailed that the trading platform facilitates trading of about A$6 trillion annually. Tradeweb further stated that the acquisition would allow it to boost market efficiency. It would grant Australian…
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Prior to Finalto, Groves started his career at NatWest Bank, before moving into the commodity market for two LME brokers – Brandeis and Gerald Metals, where gained his first experience in FX trading desks. He further built his career into foreign exchange and bullion trading with companies like Linnco Europe, ADM Investor Services, ODL Securities…
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GBP/USD Direction Given the scope to post additional underperformance, GBP/USD is likely to cross beneath H1 support from $1.2356 and target $1.23, followed by daily support mentioned above at $1.2272. A H1 close lower, therefore, could ignite breakout selling. (Chart: TradingView) Last week's report: Daily Report: Commodities displaying bearish tone... Read More Disclaimer: The information…
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The official announcement detailed that with the latest expansion, the total number of currency pairs available to trade at FP Markets reaches more than 70 currency pairs. CEO Craig Allison commented: The launch of the additional currencies is part of a wider effort by FP Markets to develop its Forex offering and deliver greater diversity…
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Under the revised plan, XTB plans to allocate PLN 570.5 million. The allocation for capital reserves will remain mostly unchanged at PLN 191.1 million. In its last press release, XTB stated that this recommendation aligns with the company's dividend policy, which aims to distribute dividends ranging from 50 to 100% of the standalone net profit…
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The official announcement detailed that in his new role, he will be assisting in growing the business by managing the relationships with existing and new partners and clients, as well as leading further expansion into the region. Prior to Tools for Brokers, Kalaitzis worked in dealing departments and investment banking. He has also worked for…
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Neil Ryan commented: The time has come to provide the European fixed income markets with a consolidated tape that is led by an initiative with deep experience in low-latency data processing, cleansing, consolidation and publishing within a regulated framework. Our motivation is to improve transparency and spur electronification in the fixed income space. Our end…
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