Retail performance during the first quarter was affected by the unusually high volatility resulting from conditions and concerns, caused by the coronavirus pandemic. Trailing 3-month direct active accounts grew a record 25% compared to the previous year of 87,349. RPM marked a $231 quarterly record, with average daily volume of $11.7 billion, 52% up from…
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Investors also shrugged them off, with the FTSE 100 led higher by homebuilders. Taylor Wimpey, Barratt Developments and Persimmon were the top three performers in the index, all with daily gains of more than 8%. The surge was prompted by Taylor Wimpey announcing that its order book has grown, with recent cancellations accounting for less…
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Australian brokerage firm Synergy FX, acquired by ACY Securities in 2018, was revived as Synergy Markets, lead by its founder Christian Dove. Synergy Markets opened for clients earlier this week and based on Synergy FX’s good standing in the industry, the rebranded version is expected to do well in the market. FX veteran Christian Dove, who ran the…
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GOLD Gold is steady at $1,728, close to its 8-year-high after new measures were announced by the ECB, which will be finalized in the first week of May. In this new world in which both the ECB and the Fed continue to unleash new stimulus packages, dramatically increasing the liquidity of cash, combined with a…
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Anthony Pereira, Head of Torstone’s Risk Platform, noted: In rapidly changing global markets, risk teams need technology that provides real-time oversight and the capability to answer new questions not captured in their daily batch reports. This comes while operational and compliance costs continue to increase for the industry, putting ever-greater pressures on the firms already…
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EUROPEAN SHARES European stocks had a mixed opening on Thursday ahead of a busy day of releases, including the latest US unemployment figures as well as a new batch of corporate results. Investors welcomed encouraging data on the virus front, especially New York City reporting its lowest death toll since early April while the number…
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Paul Groves, Head of European Sales, CFH said: As a leading multi-asset Liquidity Provider, with a very competitive and robust offering, we are delighted to be extending our distribution to Gold-i’s high calibre, global network of institutional clients, hedge funds and asset managers. CFH has worked closely with Gold-i for many years and this latest…
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Héctor Lagos, CEO, Banco Monex, commented: As a CLSSettlement member for nearly two years, we have benefited from the increased liquidity, reduced settlement risk and greater operational efficiency the service provides. We look forward to facilitating access to CLSSettlement for our clients as third parties and believe this will help to build a more robust…
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EUROPEAN SHARES Share markets opened mostly higher on Wednesday in Europe, despite a mixed Asian trading session overnight. The fact that market sentiment remains positive, despite mixed corporate results so far, can be seen as a “good news” at a time where many were expecting a much darker global picture due to the impact of…
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Andy Flury, Founder and CEO at AlgoTrader AG said: We have been working on WIRESWARM since 2017 and are proud of having already acquired a number of institutional clients who are using the WIRESWARM infrastructure as part of their core banking technology infrastructure. Our secure WIRESWARM platform has helped our institutional clients master the recent…
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