Global CFDs trading provider Trade360 announced its new online trading platform is now available for customers. The platform includes a host of new features and updated user interface. The new online trading platform features more then 100 technical indicators and charting instruments, as well as the ability to set a specific leverage for each position without the need to contact one’s account executive. Profit/Loss simulator which immediately assesses target levels based on spread has also been added to the platform.
LeapRate learned that Isabella Mannucci joined Gold-i’s sales team from GMO, reporting directly into Chief Commercial Officer, Julian Elliott. She spent 18 months at GMO, initially as Relationship Manager in GMO’s retail business, GMO-Z.com Trade UK and more recently in institutional sales e-FX and CFDs for Global Markets. At Gold-i, Mannucci will focus on global sales opportunities and developing strategic partnerships. One of her initial priorities will be promoting Gold-i’s suite of products to the EMEA region.
UK-based provider of foreign exchange services to institutions, Argentex Group PLC released full year results for the year ended 31 March 2020. The Group reported FX turnover of £12.1 billion, registering a 12% increase compared to the previous year when it was £10.8 billion. Group revenue or the year increased 32.3% to £28.9 million. Underlying operating profit reached £12.5 million with 28% rise compared to the £9.7 million in 2019. The underlying earnings were £10 million and earnings per share were 7.1p (basic) and 8.8p (underlying).
Apple acquired Canadian startup Mobeewave and secured technology that can transform iPhones into mobile payment terminals. Mobeewave’s technology allows users to process payments with a tap of their credit card or smartphone on another phone. This works with an app and uses an NFC chip which iPhones already have since 2014. With the acquisition, Apple also kept all of the Mobeewave employees.
On Tuesday the price of gold passed $2,000 an ounce for the first time in history, driven by continued fears of the economic impact of the coronavirus pandemic, and rock-bottom bond yields. The precious metal surged even higher overnight, and is currently trading north of $2,030. The price of gold has surged by more than 30% year-to-date, with the pace of that increase picking up sharply in mid-July as Covid-19 cases in the US surged. State Street Global Advisors’ SPDR Gold Trust (GLD), the largest gold ETF, has taken in close to $20bn in net new assets in 2020 so far, taking its assets under management to $77.4bn.
