Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 3, 2020. On the first day back trading after the extended Lunar New Year holiday, investors fled Chinese stocks en masse. The Shanghai composite was down almost 8%, thousands of stocks hit their 10% daily limit…
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Singapore-based broker Straits Financial Services Pte. Ltd. just announced that is now providing prime-of-prime (PoP) brokerage services to Spotex, a developer of modular, technology systems for foreign exchange brokers and institutional ECN operator. The partnership enables clients to access institutional FX liquidity via Straits Financial and provides a gateway for brokers to deploy Spotex’s modular…
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The Bank for International Settlements (BIS) Market Committee has encouraged more participants in the foreign market exchange (FX) market to take up the FX Global Code of Conduct. The code was launched 2017 as a voluntary set of good market practices, today its turnover is more than &6.6 trillion a day. Its scope covers ethics,…
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ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for February 3, 2020. This is not a trading advice. See details below: FOREX/BREXIT The Pound lost more than 0.3% to the US dollar and is also down against the Euro, during early Monday trading, as the markets brace for a Boris Johnson speech, during…
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Specialized payments platform Paysafe announced las week that its collaboration with Google Play Store has expanded into 6 more countries. The eCash solution paysafecard will be available as payment option from Google Play in Switzerland, Italy, Portugal, the Netherlands and Belgium. The partnership originally launched the paysafecard in Poland. The payment option was later accepted…
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Euronext announced yesterday that Øivind Amundsen was appointed as CEO of Oslo Børs VPS Holding and Oslo Børs. Amundsen’s nomination is approved by the Boards of Oslo Børs VPS Holding ASA and Oslo Børs ASA. Amundsen has been with Oslo Børs since 2010 as head of the legal department and Executive Vice President of Primary…
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The Australian Securities and Investment Commission (ASIC) has imposed new conditions on the Australian financial services (AFS) licence of BGC Securities Australia (BGC) to ensure that BGC’s disposition can accommodate compliance with obligations related to fixed income solutions business. The additional conditions instruct the appointment of an independent expert for review and assessment of BGC’s…
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FX expert Marshall Gittler was appointed as the new Head of Investment Research at BDSwiss. Gittler will be joining an already established team of financial analysts to further enhance the existing suite of resources wile leading the new Research & Analysis portal. Gittler is a renowned financial analyst with three decades of experience in financial…
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Multi-asset financial products provider, Equiti Group just announced that it has appointed Adrian Coxon as its new Chief Marketing Officer. Prior to Equiti, Coxon has worked for IG Group, Saxo Bank and Gain Capital, managing global marketing teams and delivering campaigns across regions including the UK, EMEA, South America and China. Equiti Group CEO, Iskandar Najjar,…
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As cases of the new coronavirus, 2019-nCoV, have exceeded 5,000 in China, many fear the economic impact. Just weeks after the tenuous truce the US and China achieved, the outbreak has put the already slowing Chinese economy in jeopardy, threatening to have global repercussions. The disease originated in the center of China and has already…
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