Category: Forex

November 17, 2022 BY Steffy Bogdanova

Shahid Naveed joins Freetrade as CTO

Naveed has nearly two decades of experience in technical leadership roles. Most recently, he served as VP of Engineering at London-listed Auction Technology Group. He has also previously overseen the development of Amazon Video’s ownership systems globally. ‍Shahid Naveed, CTO of Freetrade, commented:  I am thrilled to join Freetrade as CTO, a company that is…

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November 17, 2022 BY Steffy Bogdanova

CySEC and ROInvesting.com operator Royal Forex reach a €120K settlement

Royal Forex is the parent company of Europe-based online trading broker ROInvesting. The brokerage recently extended its partnership deal with Italian football club AC Milan. Royal Forex operates forex and CFDs brokerage brand ROInvesting. Additionally, the broker strengthened its brand recognition by inking a sports sponsorship deal with the famous Italian football club, AC Milan…

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Market Analysis
November 17, 2022 BY Steffy Bogdanova

Daily market commentary: European markets edged moderately higher alongside US futures

European Shares European markets edged moderately higher, alongside US futures, as bullish sentiment stays alive despite poor performances registered by Asian shares overnight and ahead of a busy day on the macro front. Market sentiment remains supported by investors’ risk appetite as almost all EU benchmarks are trading in green territory, holding their recent gains…

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November 17, 2022 BY Steffy Bogdanova

BGC Partners rebrands to BGC Group

Under the new legal structure, the owners and shareholders will be taxed separately from the company. C-corporations limit the liability of shareholders and owners as the most they can lose in the event of a failure of the business is the money they invested. Howard W. Lutnick, Chairman of the Board and Chief Executive Officer…

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November 16, 2022 BY Steffy Bogdanova

BUX UK sees a 49% drop in 2021 revenue to £9.1 million

According to its Companies House filing, BUX UK attributes the decline in revenue to the markets returning to normal levels from 2019 and becoming more stable. Furthermore, Brexit has also impacted the operations of the company since it stopped onboarding new clients in the EU in the first quarter of 2021. In addition, the company…

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Reduced retail sales curbs the pound
November 16, 2022 BY Steffy Bogdanova

Daily market commentary: The pound lost ground to other major currencies, following the release of UK inflation data

Such a scenario will no doubt impact the sentiment of investors, reducing the appeal of pound denominated assets. With further bad news likely to arrive on Thursday, when the Chancellor of the Exchequer is expected to announce a number of fiscally restrictive measures, there may be scope for more sterling weakness. Ricardo Evangelista – Senior…

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