BUX furthers expansion in Spain with appointment of Álvaro Vidal as Country Manager LeapRate

May 24, 2022 BY Steffy Bogdanova

BUX furthers expansion in Spain with appointment of Álvaro Vidal as Country Manager

Yorick Naeff, CEO of BUX, commented: We were looking to find the right Country Manager who believes in our vision, understands hypergrowth and knows the Spanish market inside-out. Vidal combines all these attributes and I’m confident that with his extensive background, we will maintain our current growth momentum. Álvaro Vidal said: I was immediately drawn…

Weekly data: Oil and Gold price action before the NFP

May 24, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices continue to recover from the multi-month lows

Gold Gold prices continue to recover from the multi-month lows touched earlier in May. The non-yielding precious metal is benefiting from the drop in treasury yields together with some dollar weakness - with which it has an inverted price correlation. The stabilization of treasury yields and the dollar, which have retreated from peaks reached in…

May 23, 2022 BY Steffy Bogdanova

Daily market commentary: Stocks are trading higher in Europe, with Real Estate and Tech shares driving almost all benchmarks in the green

More clues about those market drivers, especially regarding the economic outlook, may be provided this week as traders await major data such as global PMIs, US new home sales, GDP and jobless claims alongside another batch of speeches from FED, ECB and BoE speakers. Pierre Veyret– Technical analyst, ActivTrades Disclaimer: opinions are personal to the…

Freetrade raises £30m from existing and new investors

May 23, 2022 BY Steffy Bogdanova

Freetrade raises £30 million in latest funding round

The company’s registered users went over 1.3 million in the UK. Freetrade’s revenue for 2021 increased more than six times £15.1 million, AUA surpassed £1 billion and trading volumes for the year were above £3.7 billion. The announcement specified that the company raised the funds through a convertible loan note. The company highlighted that the…

May 20, 2022 BY Steffy Bogdanova

Playtech says TTB should make an acquisition bid by 17 June

Playtech stated: Discussions between the Company and TTB are ongoing and progress continues to be made. There continues to be no certainty that an offer will be made, or the terms on which any offer may be made. Playtech’s CEO, Mor Weizer, and former Director, Thomas Hall have expressed interest in participating in the TTB…

May 20, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index looks set to close the week in the red

European Shares Markets surged higher everywhere from Asian shares to US Futures contracts on Friday, mostly led by Utilities and the Energy sector, as investors welcomed reassuring major monetary news from Beijing. The “Risk-on” trading mood has registered a solid rebound during the last couple of hours as traders cheered the significantly dovish monetary decision…

May 20, 2022 BY Steffy Bogdanova

NAGA Group sees €7 million in revenue in April

The gains in the April trading update follows a strong first quarter for the Group. LeapRate reported last month the financial results of NAGA, reporting a 63% jump in revenue in Q1. The company also noted that its NAGAX NFT platform and its blockchain NXNFT are now live. Bilski said: This year, we are experiencing…

May 19, 2022 BY Steffy Bogdanova

Daily market commentary: The Pound is almost flat in relation to the dollar

European Shares Share markets slid lower on Thursday, extending the drop registered on US stocks at the end of the trading session yesterday, as fear trading dominates. Despite the recent optimism, investor focus is now back on inflation and its impact on consumer and household spending, company performances and, more generally, growth. In addition, the…

May 19, 2022 BY Steffy Bogdanova

Deutsche Börse shareholders elect Shannon Johnston as a new rep to supervisory board

The CTO also assumed the chairmanship of the Board's Technology Committee. Her election was done during the German company’s virtual Annual General Meeting (AGM) 2022, which was held on Wednesday. According to the official announcement, Johnston has been working in the financial technology industry for over 18 years. At the AGM, the Chairman of the…

May 18, 2022 BY Steffy Bogdanova

cTrader releases a new Manager’s API for Brokers

Additionally, with this tool, brokers can more easily build applications (even trading terminal), compared to the usage of the Open API. The new Manager’s API can now take the place of Webservices API and allow broker to implement more logics inside their CRM. Manipulation with manager's API is based on the manager's permissions which are…

Category: Forex