CFI Financial Group reduces spreads by up to 31% on various instruments LeapRate

January 05, 2021 BY Steffy Bogdanova

CFI Financial Group reduces spreads by up to 31% on various instruments

Founders and Managing Directors of CFI Financial Group, Hisham Mansour and Eduardo Fakhoury commented: The latest improvement is only the latest of a series of ongoing positive changes that we aim to continuously apply. Decreasing trading costs creates a more favourable environment especially for active traders who are constantly opening and closing positions in the…

January 05, 2021 BY Steffy Bogdanova

Cboe Global Markets finalizes acquisition of BIDS Trading

Cboe Global Markets Chairman, President and CEO Ed Tilly said: Through our successful collaboration on Cboe LIS, Cboe and BIDS Trading have established a proven track record in delivering best-in-class block trading capabilities for European equities. We are excited to have Cboe's reach extend into the off-exchange segment of the U.S. equity markets through its…

January 05, 2021 BY Steffy Bogdanova

Daily market commentary: The yuan reached its highest level for two and half years

EUROPEAN SHARES European markets had a mixed opening on Tuesday after the biggest sell-off of the first trading session of a year since 2016. Despite vaccines being deployed, record virus numbers in many areas as well as full lockdowns in a few hotspots, like England, are denting this week’s market sentiment. While many traders keep…

January 05, 2021 BY Steffy Bogdanova

Plus500 managing director Gal Haber steps down

The directorial change announcement followed a report of strong results for the company for 2020. Plus500 announced a record performance in FY 2020, with revenue expected to reach $872 million (In Q4 2020 the revenue was approximately $91 million). The company plans to publish its preliminary results for the financial year on 17 February. David…

January 05, 2021 BY Steffy Bogdanova

FXSpotStream ADV down 4% MoM in December with almost $43 billion

FXSpotStream’s ADV for all of 2020 reached $42.648billion, up 18.52% when compared to 2019’s ADV of $35.983billion. December’s ADV of $42.787billion was 27.22% more than CBOE HotSpot’s ADV of $32.687billion – exceeding CBOE/HotSpot’s ADV every month since April 2019. December registers as the eighth month of 2020 with an ADV over USD40billion, compared to two…

January 04, 2021 BY Steffy Bogdanova

Weekly forex data: 2021’s first NFP in view

From a technical point of view, the key resistance around $1,900 has now clearly been broken. Moving averages also flipped back to a strong buy signal in the week before Christmas, with both the 50 and 100 SMAs golden crossing the 200. Buying in now looks like a significant risk, though, given clear overbought conditions…

January 04, 2021 BY Steffy Bogdanova

Calvin Tai steps in as HKEX interim chief executive

From 1 January, Calvin Tai has been appointed as Interim Chief Executive of HKEX and an ex-officio member of the Board. He will also continue his role in the company e as Co-President and Chief Operating Officer of HKEX. He started his career starting at various positions in general banking and treasury at The Hongkong…

January 04, 2021 BY Steffy Bogdanova

Daily market commentary: What will drive gold in 2021?

WHAT WILL DRIVE GOLD IN 2021? 2020 proved to be a positive year for gold with investors rushing to the long-established haven asset as the coronavirus pandemic triggered an economic and health crisis, but what are going to be the main market drivers for 2021? After the black swan event dominated 2020, the lingering effects…

Fintech firm Fortrade announces official online trading partnership with the Rangers

January 04, 2021 BY Steffy Bogdanova

Rangers enter official online trading partnership with fintech firm Fortrade

Commercial and Marketing Director, James Bisgrove commented: We’re excited to welcome Fortrade as the newest member of the Rangers Commercial Partner family and are delighted to have them on board for the remainder of the 2020/21 season, as well as our historic 150th Anniversary season in 2021/22. Rangers’ support spans the entire globe which will…

January 04, 2021 BY Steffy Bogdanova

Integral’s ADV rises 1.5% MoM with $48 billion in December

The ADV for December also reached 33.6% YoY growth compared to the same period last year. The broker’s ADV represents volumes traded across the group’s entire liquidity network, including TrueFX and Integral OCX, in aggregate. Integral’s global trading network provides services for FX market participants, including banks, brokers, asset managers, and hedge funds.

Category: Forex