Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 6, 2020. The biggest headline in the US at the end of Wednesday was President Donald Trump’s acquittal in his Senate impeachment trial, which had been broadly anticipated and - as with the impeachment process generally…
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ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for February 6, 2020. This is not a trading advice. See details below: FOREX Despite the increasing number of fatalities associated with the coronavirus, as well as concerns about the duration of economy-damaging travel bans, the yuan continues to recover against the US dollar and…
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The following article is written by Alejandro Zambrano, Chief Market Strategist, ATFX. On February 12, the New Zealand central bank, the Reserve Bank of New Zealand (RBNZ), will host a rate meeting. The key interest rate is at 1% and economists do not anticipate a change in interest. However, their language might change to less dovish…
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The London-based fintech, Cobalt, announced yesterday the launch of Citi on its post-trade infrastructure for bilateral flow. Citi has been an investor in the Forex post -trade platform, Cobalt, since 2016. Powered by distributed ledger technology (DLT), its infrastructure creates a standardized record of all Forex trades that could be applied to banks, buyside, prime…
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LMAX Group, the independent operator of institutional execution venues for FX and crypto currency trading, reported record profitability and financial performance for the year ended 31 December 2019. 2019 financial highlights include: Gross Revenues of US$59.6m, up 19% from 2018 Gross Profit of US$56.3m, up 27% from 2018 Statutory EBITDA of US$26.2m, up 30% from…
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Israeli Securities Authority (ISA) proposed that Forex companies publish their client losses in an attempt to minimize the trader’s risk exposure. ISA has published a draft proposing a requirement from Forex trading companies to publish client loses. The draft is open for public comment. As a step towards investors education, the transparency would allow traders…
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Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech company and part of the S&P 500® Index, just announced that it has appointed Chris Perry as President, effective March 2, 2020. Perry currently leads Broadridge’s Global Sales, Marketing and Client Solutions organization, but will now take a stronger role leading Broadridge’s top clients and partners, overseeing…
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Financial markets solutions provider GMEX Group (GMEX) and financial services firm Digital Partners Network (DPN) announced today the launch of the Seychelles-based Securities, Commodities and Derivatives Exchange (SECDEX). SECDEX is approved by the Seychelles Financial Services Authority (FSA) hybrid (for digital and traditional assets) exchange. The collaboration provides clients with the market infrastructure strengths of…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 5, 2020. After seeing prices slashed by 20% from its 2020 peak, oil has started to put up a bit of a fight on hopes that OPEC may intervene and cut output by 500,000 barrels per…
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The US-based financial software provider for traders, brokers, commercial hedgers, and exchanges CQG, announced yesterday its collaboration with the new cryptocurrency exchange DVeX. The new partnership will immediately allow DVeX clients access to CQG’s front-end platforms for trading instruments and analytics. Incorporated by the trading organization DV Trading, DVeX is an institutional cryptocurrency trading platform,…
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