Under ESMA regulation, a trader qualifies as a professional if they have a portfolio that exceeds €500,000 in cash deposits and investment instruments. Professional traders must have carried out 10 transaction of significant size per quarter over the last year and should have been working in the financial sector for at least a year. Professional…
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Robert Cielen, Head of Wealth Management for Europe at Credit Suisse, commented: This expansion is proof of our strong commitment to Germany as one of Credit Suisse Wealth Management’s priority markets and is in line with our strategy to grow our business with UHNW and entrepreneurial clients. We are excited to see Sven lead our…
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The document states: We are making European financial market supervisory law fit for digitization and for complex group structures in order to ensure holistic and risk-adequate supervision of new business models. We need joint European supervision for the crypto sector. We oblige crypto asset service providers to consistently identify the beneficial owners. The coalition agreement…
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The following market analysis of Gross Domestic Product Annualized (Q3) was prepared by Ramy Abouzaid, Head of Market Research at ATFX. Germany's Q3 GDP came in better than expected after showing limited growth in the euro zone's largest economy by 0.1% QoQ and 0.5% YoY, showing a consolidation in the economy after GDP growth slowed…
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The following article was exclusively prepared for LeapRate by Ramy Abouzaid, ATFX (AE) Head of Market Research. Before we talk about our expectations for changes in ZEW Survey – for German economic sentiment, it is important to start with the latest reading of the German Manufacturing PMI, because of the usual correlation read for the two indicators…
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According to a survey, conducted by Coincierge.de, 27% of young Germans believe that bitcoin will more than double in value in 2 years. The poll was taken between 10th – 17th April 2019 and surveyed 2,054 German adults to gauge their attitudes towards bitcoin. At the time of the poll, the bitcoin price was 4,446…
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Germany intends to pass laws for the creation of a government-owned fund that would protect vital German companies from being acquired by foreign companies (especially Chinese ones), by end of 2019, according to Reuters. This is a major departure from the government’s “laid-back” approach towards business. Peter Altmaier, the Economy Minister first suggested the creation…
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Crimes related to cryptocurrency mining never stop. Cryptocurrency mining has allowed plenty of criminals to "showcase" their "power" all over the world. The latest arrest, however, comes from Germany. In the city of Klingenthal, Saxony, a group of suspects was arrested by the police, as reported by Cointelegraph auf Deutsch. The suspects have reportedly operated a cryptocurrency…
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Wysker, a Berlin-based startup that decentralizes e-commerce and that has built the first blockchain-powered shopping app, has now become the first ICO in Germany. What is more, this is the world's first blockchain-powered shopping app with a radical twist to mobile discovery and the first ICO from a company incorporated in Germany. On October 2nd, 2017 at 18:00…
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TradingScreen (TS), the electronic trading solutions provider, has announced the expansion of its European operations with the opening of a new office in Frankfurt, Germany. Financial services veteran, Michael Kuhlow, has recently joined as Director to lead the Frankfurt operations. Michael Kuhlow, equipped with 20 years of experience in financial services and awareness of regional…
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