On the technical side, the price on the chart has been making consistent gains since early March with multiple retests to break the upward trendline without being able to do so. This shows the strength of the quid against the dollar in the medium outlook. The 50 day moving average is still trading bove the…
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Technical View: Markets to Watch for the Week Ahead Currencies: US Dollar Eyeing the 101.92 Low With Friday’s one-sided decline, it was a disappointing week for the Dollar Index, down -0.6%. Trend studies on the monthly timeframe show price action has been northbound since bottoming in 2008 at 70.70. Q4 (2022), as you can see,…
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Freetrade also successfully raised a significant amount of funds in the previous year. It secured £8 million through a crowdfunding round, with the participation of 6,869 investors from the UK and Europe. Additionally, two institutional shareholders of the company invested £29.3 million through a convertible loan note. A jump in registered users Last year, the…
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Peter Cruddas, Group Chief Executive Officer of CMC, commented: Euan has been a highly valued member of the CMC team, holding various positions since becoming a part of the group in 2011. Over the past 4 years, he has served as the CFO, playing a crucial role in the Company's transformative journey. On behalf of…
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Ed Tilly, Chairman and Chief Executive Officer of Cboe Global Markets, said: I want to thank Brian for his passion and commitment to Cboe during what has been a remarkable period of transformation and growth for our company. We wish him all the best in the future. With over to decades of experience, Griebenow has…
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In the realm of equity derivatives, 25.9 million contracts were traded in June, representing an 11% decrease from the same period last year. Meanwhile, in the OTC Clearing sector, the notional outstanding volumes witnessed a 23% increase in June compared to the previous year, reaching EUR 33,623 billion compared to EUR 27,247 billion. Within this,…
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The average daily volume (ADV) in forex instruments stood at $5.4 billion. The figure dropped 5.3% on monthly basis and 21.7% on yearly. However, the brokerage firm reported that demand in Equities registered a rise. The volume in June was $233.5 billion, 2.3% higher compared to May. O yearly basis, the asset jumped 21.6%. Fixed…
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On 2,011 instances, this Openmarkets client executed bid-and-ask orders simultaneously for the same security at the same price. The ASIC stated that the broker should possess a suitable system to detect the possibility of these orders being placed with the intention of manipulating trading prices or creating a deceptive impression of active trading. Curiously, the…
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CAPEX.com highlighted in the official announcement that the newly announced acquisition will strengthen its position in the market and support its growth and expansion plans in the online fintech industry. Patrascu added: We see consolidation in the market as a positive development, and the current macroeconomic conditions and competitive landscape are favorable for such consolidation.…
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Prior to that, Francis worked as a finance structurer at Dresdner Bank and Lehman Brothers, and before that started his career at Linklaters. He holds a MA in Law from Oxford University Ian Lowitt, CEO of Marex, commented: I am very pleased to be welcoming Graham to the senior leadership team at Marex. His appointment…
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