Elimelech joined Plus500 back in 2012 and undertook his role as CEO in 2016. He steps down after over years at the helm, having navigated the company through turbulence and regulatory changes. Penny Judd, Chairman of Plus500, commented: Asaf Elimelech has been a significant part of Plus500’s success in recent years; we thank him for…
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Mitesh Vaghela, Director of Product for Equiti Group, commented: In an already saturated market, Your Bourse’s commercial approach could be a huge deciding factor for new and existing brokers in adopting their technology. Partnering with Your Bourse aligns well with the Equiti ethos to collaborate with the best solutions available to grow our network. Your…
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OIL The oil war combined with the devastating effect of the coronavirus-induced lockdown on economies has triggered a dramatic fall in the price of oil with WTI plunging to its lowest level in more than 20 years with the May contract sinking below $15. On top of that, there is a wide contango across contracts,…
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XAUUSD was the most traded instrument, reaching $223.6 billion, close to 20% of the overall traded volume. The top traded instruments made up by 3 top US stock indices and German Index (GER30) represent over 17%. The YTD chart shows fluctuation in trading activities between mid-February to mid-March amid higher volatility in the marketplace fueled by…
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What to watch Procter & Gamble: Consumer goods giant Procter & Gamble was meant to report earnings next week, but put out a press release on Tuesday announcing that the firm is moving up its announcement to Friday to provide shareholders information “as quickly and transparently as possible, and should not be construed as an…
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Alejandro Zambrano explained: If the borders close, the Eurozone could slump into a recession. However, the euro could rally if the coronavirus pandemic is contained early in the quarter. In relation to the USD/JPY outlook, Alejandro Zambrano added: The economic situation in Japan tends to have a low impact on the currency until the Bank…
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OIL Oil remains in a bearish phase with the WTI price falling to a 18-year low. The spread between WTI and Brent is also widening with Brent proving to be much more resilient currently. This is a clear indicator of how much this oil crisis directly affects the United States and their producers, with the…
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An exchange-traded Bitcoin fund on a major global stock exchange is now a reality at the Toronto Stock Exchange (TSX) in Canada and 3iQ, the asset management firm that stayed the course for three years and which launched the fund this past Thursday. $14 million was invested on that eventful day with more to come…
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What to watch Abbott Laboratories: Medical giant Abbott Laboratories announced this week that it is launching its third coronavirus test, and that it could be screening up to 20 million people for Covid-19 antibodies by June. While its previous two tests can show whether a person currently has the disease, the new test will show…
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Before Pellucid, Crockett was head of investment banking strats groups at Credit Suisse and Merrill Lynch, where he managed quantitative corporate finance advisory practices and digital transformation efforts. Prior to that, he served for several years as a Director at Deutsche Bank in the UK after beginning his career in Sydney. At his new role…
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