July 05, 2016 BY Valentina Kirilova

FlexTrade expands Australia presence with new Sydney rep office

FlexTrade Systems, the industry pioneer in broker-neutral algorithmic trading platforms for equities, foreign exchange and listed derivatives, has announced that it has opened a representative office in Sydney, Australia. FlexTrade has been building its presence in the APAC region with senior sales hires. With the proposed increases in superannuation contributions there will be an increase in…

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July 04, 2016 BY Valentina Kirilova

Why is Bank of Israel buying hundreds of millions of dollars?

The shekel continued to strengthen for a fifth straight session and there's a dealers' rumor that The Bank of Israel bought hundreds of millions of dollars of foreign currency on Monday. One dealer at an Israeli bank said the central bank started buying at a dollar-shekel rate of around 3.84. The dollar-shekel exchange rate rapidly moved…

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