Philippe Ghanem said: This is the optimum time to relaunch SquaredFinancial, as the world faces an unprecedented crisis and needs innovation and change to move forward. We are developing a fintech based financial services company which combines the best technology with the best people to deliver for a new generation of clients. Investors today want…
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ASIC reported an increase in retail activity across the securities market during the Covid-19 period. The Commission’s market analysis shows the turbulent environment of the market increases the risk of loses, especially for retail investors. ASIC has found that some retail investors engage in short term trading strategies unsuccessfully attempting to time price trends. When choosing…
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Li started as an oilfield worker in north-eastern China, worked as a journalist and banker before heading Hong Kong stock exchange. The company has formed a selection committee comprised of HKEX Chairman Laura M Cha as head and HKEX Directors Apurv Bagri, Benjamin Hung and Rafael Gil-Tienda to conduct a formal search process. Laura M…
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FXCubic provides institutional and retail brokers with bridging solutions, price aggregation, connectivity tools and risk management automation software globally. The London-based fintech company aims to desig robust and flexible technology. Ege Kozan, Chief Executive Officer at FXCubic, said: We are delighted to welcome SquaredFinancial to our ever-growing portfolio of clients. At FXCubic, we are determined…
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Education publisher Pearson was the biggest loser in the FTSE 100 for the day, closing 8.2% down. Again, insurers featured heavily among the biggest winners in the FTSE 250 on Wednesday, with Hiscox jumping 9.6%, and Direct Line 4.5%. FTSE 100: +0.1% Wednesday, -22.4% YTD FTSE 250: +0.7% Wednesday, -27% YTD What to watch Bristol-Myers…
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GOLD The gold price is slightly suffering against the renewed strength of the greenback. The spot price dropped below $1,700 once again, but the decline has been modest so far and it’s not changing the main trend, which remains supportive for bullion. It will be crucial for the spot price to hold above $1,670, as…
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Holger Wohlenberg, Chief Business Officer of Qontigo commented: Built with our institutional factor expertise and ESG-screened index construction rules, these indices offer a new tool to help factor investors achieve their sustainable investing strategies. We are pleased to offer these alongside the recently launched STOXX Factor Indices as two, parallel families with the highest precision…
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ASIC’s analysis revealed that during the focus period, on over two thirds of the days on which retail investors were net buyers, their share prices declined the following day. When retail investors were net sellers, their share prices more likely increased the next day. The analysis also observes sharp increase in the number of new…
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Refinitiv’s wealth management team will leverage its data, market insights and its Eikon solution to build a customised platform that integrates Stellan’s main technological requirements such as global access to market data, content and research, with efficient global order execution across more than 30 exchanges. Stellan will also benefit from portfolio analytics, portfolio modelling and…
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Based on all announced figures until the moment, it is undoubtedly predicting that the losses of the American labour market in April will be deeper than what was recorded in the 2008 crisis, and we can estimate those losses by about 26 million jobs, which raises the unemployment rate to 20%, while opinion polls show…
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