ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for August 5, 2019. See details below: FOREX The Yuan devalued over 1% against the US Dollar during early Monday trading, the sharpest drop for the Chinese currency, since the 2008 financial crisis, with one Dollar now worth more than 7 Yuan.…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for August 2, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, No sooner had the Fed cut rates than President Trump attacked China with further tariffs. Even though…
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Leaprate Exclusive... Edgewater Markets, the NFA-registered non-bank FX liquidity provider, has just informed LeapRate that it has welcomed aboard Rick Lloyd as Director of eFX Sales out of its Singapore office. Rick Lloyd brings a wealth of experience in the Foreign Exchange markets space spanning over 30 years of industry expertise working for corporate and…
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Tokyo Financial Exchange (TFX) has released its trading volumes report for the month of July 2019. You can see the highlights below: Interest Rate Futures contracts The trading volume of Three-month Euroyen futures was 75,426 ( - 17.9% MoM / - 32.0% YoY ) and its average daily volume was 3,428. 項目 July 2019…
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The New Zealand Financial Markets Authority (FMA) has informed the public that it has suspended the derivatives issuer license of AxiCorp Financial Services Pty Limited (trading as AxiTrader). The company has been making a regulated offer to retail clients in New Zealand without a compliant Product Disclosure Statement or Disclose register entry. AxiCorp has also…
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Monetary Authority of Singapore (MAS) has informed the public that a website has been soliciting investments in Bitcoins by using fabricated comments attributed to Emeritus Senior Minister Goh Chok Tong (Senior Advisor to MAS). The website’s article on Bitcoins references statements purportedly made by ESM Goh which are either false or have been taken out…
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Clearstream has today completed the acquisition of Ausmaq Limited from National Australia Bank (NAB). LeapRate reminds that the company reached an agreement with NAB to acquire its Sydney-based specialist managed funds services business Ausmaq Limited back in May this year. Clearstream's expansion to the Australian funds market and the future set-up of Ausmaq will be…
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Australian regulator ASIC has requested earlier today that exchange market operators do not admit any managed funds that do not disclose their portfolio holdings daily. Operators should also have internal market makers while it undertakes a review during the remainder of this calendar year. What is Internal market making? Internal market making occurs when a…
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ASIC Regulated Australia-based multi-asset trading provider, ACY Securities, have just announced that they have appointed Justin Pooni, a financial markets marketing and branding expert, as their new Head of Marketing & Communications. Justin Pooni will be in charge of the firm’s strategic positioning, communications and digital strategy. Pooni has over 11 years’ experience in developing…
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DriveWealth, LLC, a U.S. based global digital trading technology company, has just announced that it has teamed up with Vested Finance, a U.S. registered investment adviser (RIA) serving the retail investor market in India. The DriveWealth platform is launching broadly today and aims to give individual investors in India seamless digital access to the U.S.…
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