Stock markets globally gained yesterday as Democratic nominee Joe Biden neared victory in the US presidential election. On a monumental day that saw Biden gather the most votes of any Presidential candidate in history, US stock futures then extended those gains yesterday evening as more states turned blue. The big winners were technology giants and the healthcare sector, which may well end up with their dream scenario of a Biden White House and a Republican-controlled Senate. Without both houses, Biden’s ability to pass tax increases and increase regulation will be restricted, while tech firms are eyeing a smoother relationship with China (which is crucial both to supply chains and as a market for tech products). If the Democrats fail to win a Senate majority, Biden will be restricted in his ability to reform healthcare and increase regulation there.
Real-time personalization and automation are a necessity for forex companies in order to engage with their traders based on their historical and current behavior in absolute real time. A data-driven marketing automation platform is essential in creating a contextual, relevant and positive experience for the customers, drive conversion rates, increase the average LTV and prevent churn. Solitics’ data management and automation platform offers brokers connection to all their data sources, marketing channels and provides them with one central UI from which they can manage their personalization and automation, based on their raw data in real-time.
End-to-end technology provider TraderEvolution announced that ColmexPro is the latest broker to start using its software solution to integrate access to a multitude of asset classes into its offering. The CySEC regulated brokerage company is committed to expanding the list of products it offers to its clients. Its integration with TraderEvolution enables ColmexPro to deploy an extended list of customised solutions that ultimately offers more than 25,000 stocks.
UK and EU regulatory reporting provider MAP FinTech today announced expanding its strategic collaboration with The Depository Trust & Clearing Corporation (DTCC), post-trade market infrastructure for global financial services industry. Under the strengthened partnership, MAP FinTech will aggregate DTCC Global Trade Repository (GTR) service data in Australia to help clients meet reporting obligations required by the Australian Securities & Investments Commission (ASIC).
Financial markets data and infrastructure provider Refinitiv today named Dean Berry as Global Head of Trading, based in London. Prior to joining Refinitiv, Berry was at BGC Partners, where he was the global head of the Electronic and Hybrid Markets division. He has extensive experience, covering multiple asset classes, low touch electronic and high touch trading strategies and includes deep knowledge of global markets with significant experience in Asian markets, with roles in both Singapore and Japan.
Provider of FX risk management and alternative banking solutions Alpha FX Group plc announced that Matt Knowles will step down from his role as an independent Non-Executive Director, in order to take on a more active role with the Group as Strategic Advisor. The company will look to appoint a new Non-Executive Director in due course.
