Category: Forex

CySEC
July 29, 2021 BY Steffy Bogdanova

CySEC extends license suspension of FXGM operator, Depaho

During the suspension, Depaho is not allowed to conduct investment activities and provide investment services or advertise itself as a provider of such services. CySEC noted that the company is allowed to complete its own transactions and clients’ transaction which are before it, following client instructions and “return all funds and financial instruments which are…

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July 29, 2021 BY Steffy Bogdanova

HSBC joins as a member of the cross-currency swaps service of CLS and IHS Markit

The cross-currency swaps service is an extension of CLS’s PvP settlement service. It also uses the MarkitSERV trade confirmation platform to enable members of CLSSettlement to send their cross-currency swaps for settlement. The cross-currency swap flows are multilaterally netted against all other FX transactions in CLSSettlement, which results in a meaningful reduction in daily funding…

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X Open Hub has announced new edition of its X Open Hub Insider
July 28, 2021 BY Steffy Bogdanova

X Open Hub releases new features

In line with the company’s global development, it has also added a few languages including: Korean, Armenian, Azerbaijani, Swedish and Traditional Chinese. X Open Hub noted that it aims to add several more languages in the near future. As a result of feedback from clients, the platform also introduced new deposit options in xManager's panel…

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Monex Group
July 28, 2021 BY Alan Sayer

Crypto trading drives a 457% increase in profit for Monex in Q2

Monex has passed this financial improvement onto shareholders. The basic earnings per share increased by more than 400% in the same period as the previous year. Shareholders have seen a rise from ¥5.57 per share in 2020 compared to ¥28.18 in 2021. Crypto has helped to drive this increase in revenue and profits. The figures…

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acquisition
July 28, 2021 BY Alan Sayer

11B Technologies acquired by 24 Exchange

These software options are mainly aimed at Crypto NDFs and Crypto Spot. As this is an area of the business that 24 Exchange is looking to enhance, it makes sense that these software solutions are the first to be added to the 24 Exchange platform. It will also add low latency software to the 24…

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daily market analysis
July 28, 2021 BY Steffy Bogdanova

Daily market commentary: European shares were mixed, continuing the Asian trend as global uncertainty linger everywhere

OIL Oil is gaining during the early part of Wednesday’s session, supported by a draw in American crude stocks. This reduction feeds into the narrative of supply being insufficient to meet demand, supporting oil prices as a result. Despite the threat posed by the spreading of the Delta variant, the IMF maintained its growth forecast…

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UK CMA approval
July 28, 2021 BY Steffy Bogdanova

CME Group and IHS Markit’s joint venture gets approval from UK Antitrust Agency

The joint venture will combine the two companies’ post trade service. IHS Markit’s OTC derivatives and forex trade processing business  will work together with CME Group’s OTC derivatives optimization businesses, operating as Traiana, TriOptima and Reset. The CMA first opened the investigation in June 2021 over concerns of “lessening of competition within any market or…

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ROinvesting- AC Milan
July 28, 2021 BY Steffy Bogdanova

ROInvesting extends partnership deal with AC Milan

Casper Stylsvig, Chief Revenue Officer at AC Milan commented: As a Club, we are delighted to continue our journey with ROInvesting. They have proved to be a fantastic partner with a keen eye for off-the-pitch community work, supporting Fondazione Milan's initiatives in response to the Covid-19 pandemic in time of need. Constandinos Zavros, ROInvesting Spokesperson,…

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IOSCO keeps watch on SPACs as Britain eases the rules
July 27, 2021 BY Steffy Bogdanova

IOSCO keeps watch on SPACs as Britain eases the rules

  IOSCO’s members include U.S. Securities & Exchange Commission (SEC), the Financial Conduct Authority in Britain (FCA), as well as regulators in the European Union, Asia, Latin America and Africa. The Commissions’ new SPAC network met on Monday to share information. Jean-Paul Servais, chairman of Belgium's markets watchdog and Vice-Chair of IOSCO's board, stated: I…

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