Category: Forex

Forex Weekly Look Back
July 03, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: FXSpotStream reports third highest ADV month ever, BDSwiss secures FSA Seychelles license

The UK Financial Conduct Authority suspended Wirecard’s UK subsidiary and left thousands of people in the UK unable to access their money. The UK regulator froze Wirecard Card Solutions’ UK lincense to protect the company's clients following the German-based parent company Wirecard AG filing for insolvency on Thursday last week after accounting firm Ernst & Young…

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Refinitiv
July 03, 2020 BY Steffy Bogdanova

Refinitiv releases improved low-latency data feed for FX trading

The Refinitiv FX Matching platform supports Spot, as well as Forwards trading.  The matching data is essential for the FX market structure. It is used as a reference rate in price discovery, the management of client orders and FX options contracts, WM/Reuters fixings and for determining the day’s high and low trading range. Matching is…

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Canadian regulator approves StoneX acquisition of GAIN Canada
July 02, 2020 BY Steffy Bogdanova

Canadian regulator approves StoneX acquisition of GAIN Canada

As per the agreement, financial services provider INTL FCStone would acquire Gain for $6.00 per share in all-cash transaction, amounting to approximately $236 million in equity value. NTL FCStone has also agreed to make an offer at closing to repurchase GAIN Capital’s $92 million convertible notes due 2022 as part of the transaction. Financial services…

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The Swiss Stock Exchange adds RIZE ETFs of medical cannabis and cyber security.
July 02, 2020 BY Steffy Bogdanova

UBS and Finanz und Wirtschaft join the SIX Stage Program

Listed companies benefit from independent research reports that include market-relevant data and information on the company. Distributed by banks, these reports target potential investors in order to increase the company’s visibility. Issuers and banks don’t have influence over the distribution of research mandates to avoid conflict of interest. Clients of the Stage Program who want…

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daily market analysis
July 02, 2020 BY Valentina Kirilova

Daily market commentary: Expectations for a quick economic recovery curb gold’s rally

EUROPEAN SHARES  European shares traded significantly higher on Thursday, continuing the bullish trend from Asian stocks and extending yesterday’s gains amid a renewed appetite for risk. Yesterday’s news about Pfizer and BioNTech’s successful vaccine trial turned market sentiment upside down as it came while investors were preparing to redirect their exposure from risk assets to…

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FXSpotStream forex volumes
July 02, 2020 BY Valentina Kirilova

FXSpotStream reports 20% MoM ADV increase in June

FXSpotStream’s 2020 ADV (Jan-June) is USD 43.425 billion, up 18.66% when compared to the same period during 2019 of USD36.595 billion June’s ADV of USD43.287 billion was 22.25% greater than CBOE HotSpot’s ADV of USD34.621 billion – exceeding CBOE/HotSpot’s ADV every month since November 2018, with the exception of 1 month Note that the ADV figures for…

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BGC Partners updates its second quarter outlook with lower expectations
July 02, 2020 BY Steffy Bogdanova

BGC Partners updates its second quarter outlook with lower expectations

The company’s non-GAAP financial measures differ from the most directly comparable measures calculated in accordance with Generally Accepted Accounting Principles in the US  (GAAP). Non-GAAP financial measures used by the BGC Partners include "Adjusted Earnings before noncontrolling interests and taxes", which is used interchangeably with "pre-tax Adjusted Earnings"; "Post-tax Adjusted Earnings to fully diluted shareholders",…

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