Sheer Markets launches Portfolio Management

Through dedicated teamwork, innovation and industry experience, the Sheer Markets philosophy is to work with investors to deliver an ongoing diversified Portfolio Management approach in this ever-changing investment climate, that will help preserve and grow investors’ wealth over the long-term.

Understanding the importance of tailor-made solutions is the overarching principle behind Sheer Markets Portfolio Management, which is a unique offering based on an investor’s circumstances, returns objectives, and risk appetite. As a Portfolio Management client, a team of assigned specialists will provide high-level, reliable, and up-to-date advice to support to the complex planning and management of an effective investment strategy.

The launching of Sheer Strategies, a selective number of institutional-grade managed-account investments made available to retail clients, is the first step into this full suite of Portfolio Management products.

Sheer Markets CEO, Howard Carr, commented:

The Sheer Markets brand is synonymous with integrity, experience, innovation and market access equality. Through our comprehensive suite of NDF execution services we are already providing trading products to retail investors that were previously only available to wholesale clients, and in the same vein, our Portfolio Management offering will make institutional ranking investments available to a much lower threshold of investor entry at just €2,500. Our initial five professionally managed programs under the Sheer Strategies banner will facilitate a range of FX and Cryptocurrency systematic trading techniques across a selection of proprietary risk parameters, thus enabling retail and institutional investors to take advantage of leverage and determine their own investment goals in achieving diversification, uncorrelated returns and investment alpha.”

Sheer Markets uses a proprietary classification schedule to determine the risk of each investment approach, and the five investment strategies initially available to EU domiciled clients are as follows:

Sheer Strategy Nova: Systematic FX only. Trading G7 currencies and crosses, short term in nature with a average holding period for positions of 10 hours. Medium to high risk.

Sheer Strategy Orion: Systematic FX only. Trading G10 currencies and crosses, short term approach seeking momentum and mean reversion opportunities with an average holding period for positions of 14 hours. Low to medium risk.

Sheer Strategy Jupiter: Systematic FX only. Trading G10 currencies, short-term using seasonality patterns and mean reversion structures with an average holding period for positions of 7 hours. Low to medium risk.

Sheer Strategy Neptune: Systematic Cryptocurrency. Trades only BTC, both long and short. Leverage is not used, and the strategy has a long bias with an average holding period for positions of 4 days. Medium to high risk.

Sheer Strategy Mercury: Systematic FX only. Trading 11 currency pairs using a short-medium trend/momentum approach with an average holding period for positions of 20 days. Low to medium risk.

Sheer Markets CEO, Howard Carr continues:

“What sets apart the Sheer Markets Portfolio Management offering from many of our peers is that all trading and investment management decisions are made internally, and along with a very competitive and transparent fee structure, this ensures the management and operation of our Sheer Strategies branded products are fully aligned to the investor. Sheer Markets actively collaborates with clients, and our sophisticated investment strategies and Portfolio Management offerings are available to a wide group of private investors with differing levels of market comprehension, not only the wholesale sectors.”           

By internalising the operations, management, and decision-making of Portfolio Management, and by lowering significantly the barrier of entry to institutional category products, retail investors are able to benefit from investment access equality and investment accountability.

Sheer Markets was established and licensed in 2020, with the mission to introduce a range of innovative products through the MetaTrader 4 and MetaTrader 5 platforms largely unavailable to online traders and investors. The Sheer Markets execution offering combines the live streaming of NDFs, EMFX, and FX, along with trading opportunities in cryptocurrencies, equities, indices, commodities, and hybrids, coupled with a bespoke Portfolio Management offering.

For more information on the Portfolio Management Service and the Sheer Strategies offered by Sheer Markets, click here.

BDSwiss Official Media Response to the FCA announcement

While we were not given any notice and were not made aware of specific client complaints filed with the FCA — which would have allowed us to proceed in rectifying the matter prior to this decision — we respect the FCA’s decision and have worked diligently to comply with its requirements. The BDSwiss Group has accordingly suspended all promotional, marketing and onboarding activities towards UK audiences back in mid-July, and after giving clients a proper notice period we proceeded to terminate existing UK accounts. BDSwiss is also in the process of submitting a revised written representation statement to the FCA by August 12, 2021.

We would like to underline that while we have implemented strict marketing guidelines and have clearly communicated our Group’s code of conduct to our Affiliate and Introducing Brokers, it appears that an isolated group of Partners may have intentionally breached our agreements when it comes to their communications. We do not condone such behaviour and have already identified and terminated our agreements with these individuals. To ensure that we prevent such incidents from occurring again in the future, we have also launched an internal investigation into our global network of partners.

With regards to the FCA announcement and the use of our group website domain, we would like to clarify that all visitors and potential clients are presented with all brand entities and regulators, they are prompted to register under their own jurisdiction, and are even explicitly warned when attempting to register under a different jurisdiction.

What is more, the BDSwiss group website has always maintained clear risk warnings with regards to the risks associated with trading leveraged products under all its entities and jurisdictions. At BDSwiss, we always emphasise transparency and regulation and while we offer leveraged products, we have always clearly communicated all risks involved to our clients. While certain actions from affiliates conflicted with our client-centric approach which focuses more on transparency, education and support. In fact, we conducted an independent customer survey by third-party data and intelligence company Edelman, focusing on our active and churned UK clients in late 2020, and the findings indicated that 70% of our UK-based clients at the time reported high satisfaction with the services provided by BDSwiss.

We remain committed to offering our clients a strong value proposition and we are determined to view this latest restriction as an opportunity to further improve our partnership programmes, products, and services. We remain in constant communication and collaboration with the FCA and the CySEC aiming to find the best way forward. We hope that we can welcome UK clients to our platforms in the near future upon the acquisition of an FCA license.

Executive Director and Chief Compliance Officer at BDSwiss, Katalina Michael has commented: “I want to stress that we do not condone such behaviour, as a BDSwiss Group we already had strict partner guidelines in place and we identified internally and terminated agreements with individual affiliates in the past. We respect the FCA’s decision, following the complaints filed, we have complied with suspending our services and terminating partners operating in the region and we have also launched an additional internal investigation of our existing network of partners. This incident does not represent the integrity of our operations as a Group, as all our entities maintain full transparency and compliance when it comes to our products and services. BDSwiss Group will continue to work closely with regulators to find the best solution moving forward. “

Cautious Fed Hurting The Buck

FOMC wait-and-see mode remains

Chair Powell and his fellow policymakers acknowledged that economic activity indicators have continued to strengthen and the economy has made progress towards its goals of price stability and maximum employment. But especially on employment, there is still some way to go for the recovery to be substantial enough to start tapering asset purchases. Inflation is still seen as transitory but is not broadly based and Chair Powell specified that one-off price rises, even if they are not reversed, are no sustained inflation.

Many in the markets are touting the Jackson Hole symposium at the end of next month as the big date for more taper detail. But, with only one NFP jobs report next week to be released before then, is that enough information for the Fed to shift their bias? There are then three FOMC meetings left in the year in September, November and December.

China soothes equity jitters

Equities finished mixed in the US with tech outperforming. Facebook beat earnings expectations but warned of a significant growth slowdown and the stock fell as much as 5% in extended trading. European bourses have started the morning in the green after China took steps to calm recent investor fears which helped the Hong Kong market gain over 3%.

Gold enjoying dollar woes

With the hawks disappointed after the FOMC meeting, dollar selling is helping to push gold out of its recent range. The bullish break is now within touching distance of the widely watched 200-day moving average at $1,822. A strong close above here should see the July highs at $1,829/34 come into view fairly quickly. Solid support sits at $1,789.

Gold chart

By Lukman Otunuga, FXTM Senior Research Analyst

For more information, please visit: FXTM

Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

OctaFX claims the Best ECN Broker award for the second year in a row

According to World Finance, while people spent much of 2021 locked down, the increase in digital communications was promising for the Forex industry. Brokers went out of their way to provide excellent services and keep the attention of their clients, who became more active online. The publication decided to recognize these efforts, and OctaFX was not left unnoticed.

The company managed to sustain the title of the Best ECN Broker for the second year in a row. OctaFX considers its clients’ feedback and follows financial news closely to stay at the top of the industry. For instance, they recently published an article on the future of cryptocurrency for World Finance.

‘OctaFX is one of the key Forex providers leading the pack and pushing through superior services, best-in-class digital tools, and a safe, secure environment for retail FX investors’, the award committee said.

ECN is all about innovation, the best trading conditions, and a platform’s speed and security. In this regard, the company is indeed among the market leaders.

Best ECN Broker is one of the nine categories World Finance distinguished this year, including Best FX Broker, Best FX Research and Education Provider, and Best Crypto Broker.

World Finance magazine has acknowledged the accomplishments of OctaFX before with the Best ECN Broker and Best Islamic FX Account both in 2020.

OctaFX is a global broker that provides online trading services since 2011. It offers a state-of-the-art trading experience to over 7 million trading accounts globally. OctaFX has won more than 40 awards since its foundation, including the 2021 ‘Best Forex Broker Asia’ award and the 2020 ‘Most Transparent Broker’ award from Global Banking & Finance Review and Forex Awards, respectively. The company is well-known for its social and charity activities. It is also committed to educating its clients about trading and investing in accessible and appealing ways.

RoboMarkets Receives the “Best Stocks Broker” Award from Global Forex Awards 2021 – B2B

RoboMarkets has won the “Best Stocks Broker” for the second straight year. It shows that the trader community highly appreciates the products and services offered by the company for trading on the stock market.

The company’s clients have access to over 12,000 trading instruments, including more than 3,000 American stocks that are traded without any commissions in R Trader, RoboMarkets’ proprietary multi-asset trading platform. They can also use a free trading strategy builder, which has an intuitive interface and requires no programming skills.

Global Forex Awards 2021 – B2B brings together the world’s leading companies that make the greatest contribution to the development of trading solutions and innovations for financial markets. Awards are presented to the industry’s best representatives in the areas of liquidity provision, client services, order execution, affiliate conditions, platforms and performance, as well as other important aspects of the Forex B2B market. The winners are decided by open voting among clients of forex companies from all over the world.

Konstantin Rashap, RoboMarkets development manager in Europe: “We’ve received this award for the second year in a row, and it not only confirms the efficiency of our work but also shows that a lot of traders all over the world use our products on the stock market and highly value the trading experience they get. We do not rest on our laurels – RoboMarkets is constantly improving investment conditions and expanding the list of available assets. We have great plans for developing in this area and will consistently turn them into reality.”

About RoboMarkets

RoboMarkets is an investment company with the CySEC license No. 191/13. RoboMarkets offers investment services in many European countries by providing traders, who work on financial market, with access to its proprietary trading platforms. More detailed information about the Company’s products and activities can be found on the official website at www.robomarkets.com.

RoboForex Receives the “Best Mobile Trading App” Award from Global Forex Awards 2021 – B2B

The award has been given out to the application for trading named R Mobile Trader. This application is a comprehensive mobile workstation for traders, which has a set of intuitive management tools, and allows them to perform trading operations, deposit funds quickly and securely, and analyze financial markets. Moreover, the application offers the company’s clients the option to contact its live support and get their questions answered. Taken together, these features help R Mobile Trader to provide the clients with an excellent trading experience.

Every year, Global Forex Awards organizers present awards to the companies, which demonstrate outstanding results in providing services on financial markets. Global Forex Awards are presented to the best companies and brands of the Forex market, both globally and regionally. They are awarded to the forex brokers that implement the most advanced and cutting-edge technologies, apply complex market research tools and progressive educational programs, and introduce up-to-date business solutions to provide clients with top-class services.

Robert Stephenson, Chief Business Officer at RoboForex: “We’re very pleased to receive this award for the second consecutive year. Mobile applications for trading allow to get access to financial markets from any spot of the Earth and that’s very important in the modern world. It’s very essential for our clients to have access to their trading accounts at any time and any place where there is an internet connection. In our R Mobile Trader application, they can perform trading operations in just a few clicks. They have over 12,000 trading instruments at their disposal, as well as quality analytics and 24/7 customer support right in the application.”

About RoboForex

RoboForex is a company, which delivers brokerage services. The company provides traders, who work on financial markets, with access to its proprietary trading platforms. RoboForex Ltd has the brokerage license IFSC 000138/210. More detailed information about the Company’s products and activities can be found on the official website at Roboforex.com.

Oil Sells Off on OPEC+ Impasse But Bull Run May Not Be Over

By: Kim Chua, PrimeXBT Market Analyst Oil prices tumbled in a volatile week after OPEC+ producers cancelled the much-anticipated meeting where major players were unable to come to an agreement about the next supply increase schedule and its production limitations on nations.

On Monday, ministers from OPEC+, where OPEC, Russia and other producers, abandoned talks yet again after negotiations failed to close divisions between Saudi Arabia, the largest OPEC producer, and United Arab Emirates (UAE).

Initially, oil rallied on news of the breakdown in talks, but prices crashed as traders focused on the possibility that the strife will cause some national producers to open the taps and start exporting more barrels unilaterally, creating an oversupply. 

Traders’ fears were further ignited after Iraqi Oil Minister Ihsan Abdul Jabbar comment that his country did not want to see oil prices soaring above current levels and that he hoped that within 10 days a date would be set for a new OPEC+ meeting. This further gave traders reason to speculate that different nations will start increasing output on their own without limitation to take advantage of the current high oil price. 

Are traders’ fear over-blown? Traders do have reason to fear since this impasse is coming on the back of a rising number of COVID-19 cases yet again in many countries. Should countries again need to resume lockdowns, the nightmare scenario of last year when oil dropped below 0 could materialise again if nations start pouring new supply into the market. The chance of this happening is high as many nations will want to take advantage of the current 3-year high in oil price to sell as much as they can before COVID-19 lockdowns again send the price of oil crashing due to a reduction in demand. 

However, I personally think that the huge drop in oil price is more likely attributed to leverage long positions that got liquidated as the long oil trade got over-extended and overcrowded. Oil has been rising since mid-May after a consolidation from end-March where it fell 10% in a week. It looks set to be back at consolidation while waiting for the situation at OPEC+ to play out in the near term. I expect oil to hover around $70-$75 as market awaits fresh news out of OPEC+ since the Iraqi Minister had mentioned that he hoped another meeting would be arranged within 10-days. Some OPEC+ sources also said they still believed the group would resume discussions this month and come to an agreement on August’s output.

The price action has gotten interesting for oil. Previously, the market thought of a deal to be negative for the price of oil, while a failure to come to an agreement could send prices higher. However, the opposite happened and nervous traders sold off based on paranoia. The upcoming meeting, if any, will thus be interesting since a deal concluded may actually send the price of oil higher instead of lower since traders will no longer have to worry about individual nations over supplying. The sudden change in narrative suggests to me that it is actually technical works at play that has caused the price of oil to react this way. 

For the charting standpoint, the area around $76 is a major resistance that is not easily broken since oil has not visited this area since Oct 2018 before there was COVID-19. In other words, with COVID-19 still lurking, oil has climbed to a 3-year high. Hence, it would only make sense for traders who longed oil to take profit here, and for traders to open short positions here, waiting to buy back at lower levels. 

To determine if oil will continue with its uptrend or sink back lower depends on what happens at around the area between $66 and $68, which was the resistance turned support of the ascending triangle breakout that happened in May and took prices above $70. This is an important area of support if oil is to continue its upward movement, and should this level break, the next important support is at $60, the 23.6% retracement level from its $0 to $76 move from last year. 

Hence, despite many calls from experts that the bull run is over for oil and while news flow seems skewed in favor of bears at the moment, do not rule out this rally in oil yet as strong support levels abound and OPEC+ could still deliver more surprises to the market. 

FP Markets Enhances Its Global Offering by Adding 550+ Multi-Country Share CFDs

FP Markets, the Australian forex and CFDs broker, has added more than 550 new stock CFDs to its already extensive list of products. The stock CFDs come from a range of global markets including London, Hong Kong, Paris, Frankfurt, Madrid, Amsterdam, and New York (NYSE & Nasdaq) and cover a wide range of sectors including pharmaceuticals, aviation, tourism, and Big Tech and add to an offering which already includes some of the world’s most popular companies such as Apple, Facebook, Tesla, Amazon, and Google.

The new instruments are available on the FP Markets Metatrader 5 (MT5) Platform and a full list can be found on the FP Markets website.

Craig Allison, Head of Europe, Middle-East, and Africa commented: “The interest around equities has reached an all-time high globally and it is important for us to continually evolve and expand our product range in line with increased client demand for a greater diversity of our range of share CFDs.  We already have an impressive portfolio of leading global stocks including companies like Tesla and the so-called “FAANGs”.  This exciting new product range adds an array of global companies from a wide range of sectors, on a number of international exchanges, including Alibaba, Zoom and a range of Biotech and Big Pharma companies, which have proved especially attractive to investors since the COVID-19 pandemic. This new range of share CFDs is available on FP Markets Metatrader 5 platform which offers advanced functionality and fast execution for both new and experienced traders who are looking to trade the global markets quickly and efficiently on both desktop and mobile.”

In addition, to share CFDs, FP Markets offers over 10,000 trading instruments offering traders access to CFDs across Forex, Indices, Commodities, Stocks, and Cryptocurrencies, making it one of the largest offerings in the industry and offers 8 platforms including MT4, MT5 & Iress.  Over the past 16 years, FP Markets has learned that the combination of consistently tight spreads and fast execution, coupled with cutting-edge platforms, a wide product range, and first-rate customer support are the key ingredients that give serious traders the confidence to trade.  Since the year of its establishment in 2005, Australia’s Best Forex Broker 2020 continues to expand its product offering, giving traders the ability to trade under some of the best trading conditions in the industry, and continues its extraordinary year-on-year growth.

ETHA Lend’s Mainnet is on the Horizon: Launch Scheduled for July 15th

ETHA Lend is a multi-chain yield optimizer that aims to simplify the DeFi space and provide optimal yields with their 700X faster discovery algorithm700X faster discovery algorithm. The protocol has announced the much-awaited launch of its Mainnet on July 15th, 2021.

Inarguably generating yields on your otherwise static assets has been one more profound use cases of DeFi. It then doesn’t come as a surprise that there has been a flurry of yield generating projects that are now entering the market. Several key factors put ETHA Lend at the forefront of the DeFi yield market in such a frenzied iteration. As a yield optimizer, ETHA Lend generates incredible yields and optimizes them to enhance the returns on the user’s investments.

Game-Changing Features for optimal and sustainable yields

A look at the protocol’s features that will roll out with the Mainnet gives us a better insight into its mind-blowing potential:

  1. The eVaults:

    ETHA Lend vaults take the concept of money legos to heart. The protocol has introduced a hybrid vault strategy for users not keen on their assets getting exposed to fluctuating market volatility. Two eVaults, including Curve and QuickSwap, will launch along with the Mainnet, wherein users can deposit stable assets such as USDT, USDC, and DAI to receive maximized returns in volatile assets such as ETH, BTC, and ETHA tokens.This stable asset strategy makes it easier for users to speculate the performance of their yields while also enjoying high returns by most measures. Not to mention, the impermanent loss feature on the Curve and QuickSwap eVaults takes away the fear of economic risk by a large margin. The protocol plans to expand on its vault strategies, LP pair deployment, phase by phase.
  2. The Discovery Algorithm:

    The brainchild of ETHA Lend, its discovery algorithm factors in the volatility of the asset present and past yields, the latest gas cost, history of yields, the budget of assets supplied to calculate optimal asset allocation.

    It takes less than a second for this discovery algorithm to calculate asset allocation for an asset supply of a Million USD, making it 700 times faster and more efficient than any other existing solution on the market.
  3. The ETHA Smart Wallet: 

    ETHA Smart Wallet is a non-custodial wallet that can take multiple different transactions and batches them into one transaction. To the bare eye, this might seem like a feature that maximizes time efficiency, but there is a lot underneath that the wallet brings to users. For example, imagine you have MATIC in your ETHA Smart Wallet, but you want to invest in the Curve eVaults using DAI. Now, you could either choose to pay the gas required to pay for all the transactions to acquire DAI tokens by converting your MATIC tokens. Then you come back and redeposit these assets into the vaults. This is where ETHA Smart Wallet changes everything! It will convert your assets into suitable assets, no matter and no matter how many transactions it requires, you will still be paying the gas fees for one.
    Other features, such as wallet delegation, eliminating the need to pay approval or authentication gas fees when you interact with protocols or dApps you haven’t interacted with before, lead to incredible efficiency and significant gas savings down the line.

  4. The ETHA Lending Market: 

    ETHA Lend factors in users’ own data and algorithms to offer the best asset allocation and APYs in the market. The protocol increases capital utilization to reduce the spread between optimal returns and lending rates. It does this thanks to a highly consolidated supply rate model that dampens the impact of short-term volatility on the discovery algorithm, thus providing lenders a much more stable and predictable lending experience.

The Future of Cross-Chain DeFi yield optimization is here!

The protocol takes a structured approach to security, testing, and deployment of its codes and smart contracts. Their auditing process is immaculate and undergoes constant thorough formal internal testing. Every new strategy and functionality or protocol integration on ETHA Lend goes through a series of tests and checks.

The protocol is proud of its strong community and understands that it is vital for any project in the DeFi space. The protocol has fostered a community based on trust, transparency, and sustainability, with strong incentives and the true potential to finally offer DeFi users a chance at optimal yields that do not come with a price. Their ethics, features, and vision make the protocol worthy of being considered one of the most anticipated launches of DeFi 2021.

ETHA Lend’s Mainnet launch on July 15th is a much-anticipated event. It would be interesting to see the emergence of a protocol truly dedicated to the masses. You can find more information about the protocol on their700X faster discovery algorithm or700X faster discovery algorithm, or even join the community channel on700X faster discovery algorithm to keep up with the updates.

ETX Capital Acquires FSCA Licence in South Africa

The FSCA is responsible for market conduct regulation and supervision and aims to enhance the efficiency and integrity of financial markets, protecting traders by promoting fair treatment from financial institutions.

Anchored by a strong UK presence, ETX Capital recently revealed plans to expand into Europe and beyond. Chief Marketing Officer, Nandik Barbhaiya, commented, “Achieving this important milestone is paramount to our expansion plans and is yet another feather in the ETX cap. We are committed to strengthening our relationship with traders in the region and in upcoming weeks we will be working behind the scenes to welcome our South African clients onto our new license.”

ETX clients in South Africa enjoy instant execution, tight spreads and low commissions on CFDs on thousands of global markets – across all major asset classes from forex, indices, shares and commodities.

ETX Capital, regulated by the FCA and acquired by Swiss firm Guru Capital in 2020, is one of the UK’s leading brokers. They offer over 5,000 CFDs as well as financial spread betting across their award-winning desktop and mobile platforms.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.  74.5% of retail investor accounts lose money when spread betting or trading CFDs with ETX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.

Monecor (London) Ltd is a member firm of the London Stock Exchange. Authorized and regulated by the Financial Conduct Authority with Financial Services register number 124721.

FXTRADING.com Adds the IRESS Platform to Their Product Line-up

FXTRADING.com is committed to providing an exceptional trading environment to both short-term scalpers and long-term traders. FXTRADING.com has invested heavily in trading infrastructure to provide fast trade execution times and provide access to deep liquidity pools. Moreover, FXTRADING.com does not charge exchange fees and commissions and financing rates are competitive across all equity markets, which is critical to the underlying performance of active traders who need to keep their trading costs down.

As for the tradable instruments, FXTRADING.com provides global market access to equity markets including major and minor exchanges across the US, Europe, and Asia. Currently, there are over 10,000 shares spanning 10 different countries are available within FXTRADING.com IRESS ViewPoint platform.

IRESS ViewPoint was designed with a great user experience in mind, and its user interface provides highly configurable charts with rich graphics. In addition, over 50 analytical charting tools and 59 technical indicators can be inserted onto charts for advanced trading analysis. Furthermore, elaborate worksheets can be constructed for multi-chart and multi-monitor setups, and widgets can be linked to watchlists so charts are updated accordingly.

A market map provides a logical and visual snapshot of the market performance of the prior trading day. And users can populate the market map by selecting exchanges, regions, sectors or personal watchlists.

Complex trading strategies can be implemented using its advanced order management options, which include pending, market, limit, stop and OCO (one cancels other) contingent orders. And real-time news with the ability to use search criteria with custom filters allows traders to keep abreast of the latest market-moving news and provide trading opportunities.

Visit the FXTRADING.com website today to find out more.

RoboMarkets Extends Its Partnership with BMW M Motorsport for 2021

This year, the DTM is changing the race rules and the series will no longer feature works teams. To give up-and-coming drivers a chance to compete on the big stage of the DTM and demonstrate their skills, the BMW M2 Cup was introduced by BMW M Motorsport in cooperation with tolimit for the first time in 2021. There will be 6 races this season, from July to October. The BMW M2 Cup will introduce 2 race cars with the RoboMarkets logo on their bonnets, roofs, and doors.

During the Nürburgring race this year, the BMW team ROWE continued its dominance and won the 21st title. No other manufacturer has ever had more wins in this race, which is rightfully considered as one of the most difficult in the world. An exciting view of the Nürburgring-Nordschleife track and the duration, 24 hours, not only make the race in the Eifel mountains one of the most dramatic events in the GT calendar but also require total dedication and full commitment from drivers, teams, and their race cars.

Thomas Felbermair, Vice President Sales and Marketing BMW M GmbH, is commenting: “The Nürburgring 24 Hours are the highlight of the endurance season and we are very happy and grateful to be able to fight for the overall victory once again with the support of partners such as RoboMarkets with a strong line-up of teams and drivers. We have worked excellently with RoboMarkets in the DTM and are very pleased that we have now been able to transfer the partnership to GT racing”.

Konstantin Rashap, Chief Business Officer at RoboMarkets: “We’re very pleased to have extended our partnership with BMW M Motorsport and expect the 2021 season to be really exciting. Every year, races on tracks become a serious challenge for the participating teams and they must demonstrate their abilities to quickly respond and adapt to changes around them. Every year, BMW M Motorsport confirms its top-class level of training, willingness to fight to the end and demonstrate the best results. In this aspect, we at RoboMarkets are very like-minded – we adhere to the same approach and improve our products and services every year. This is the reason why we’re very grateful to work and win with the partner, whose values we endorse.”

About RoboMarkets

RoboMarkets is an investment company with the CySEC license No. 191/13. RoboMarkets offers investment services in many European countries by providing traders, who work on financial market, with access to its proprietary trading platforms. More detailed information about the Company’s products and activities can be found on the official website at www.robomarkets.com.

Registrations Now Open For IFX EXPO International!

About The Expo

With a long history of uniting businesses in Europe, Asia and the Middle East, iFX EXPO International is trusted by thousands of retail & institutional brokers, technology & liquidity providers, payment service providers, banks, affiliates & IBs, regulators & compliance as well as crypto and blockchain brands. With top industry speakers, stellar networking opportunities and intense media coverage, this is a must attend event.

REGISTER NOW

Welcome Back To Cyprus

Welcoming attendees back at its well-established hub in the Mediterranean, iFX EXPO International 2021 is set to provide unparalleled networking opportunities, insightful speaker sessions and hospitality like no other. Mix business with pleasure in a beachside location with average October temperatures of 27°C.

REGISTER TO ATTEND IFX EXPO INTERNATIONAL

 About The Venue

Held at the Luxurious Park Lane Hotel, this year attendees can exhibit, network and reside in the same place. Occupying a prime beachfront location, the 5-Star Parklane Luxury Resort & Spa is within close proximity to Limassol city center and therefore ideal for our international visitors to explore the area.

BOOK YOUR HOTEL ROOM NOW

As always, sponsorship spots are snapped up fast so brands looking for ways to showcase their offering as an exhibitor or sponsor should contact sales@ifxexpo.com. There’s just 3 months to go until the IFX EXPO International in Cyprus. Register now, book your accommodation and start planning your marketing!

Nukkleus Seeks UK EMI License to Expand Crypto-Powered Service Offerings

“NUKK’s Strategy Is a Simple One: to Invest in the Future of Digital finance.”

The application is the next step in NUKK’s plan to expand its support for regulated, transparent, and frictionless money movement between global financial institutions. NUKK’s range of financial technology offers financial institutions access to a comprehensive suite of products and services, including liquidity, advanced trading technology, and trusted token advisory services.

“NUKK’s strategy is a simple one: to invest in the future of digital finance,” said NUKK Chief Executive Officer Emil Assentato, speaking on his vision for the project.  “We are proud to continue this strategy with the announcement of our EMI application in the UK. Combining this with digitalRFQ’s crypto exchange services and the first ever regulated crypto products in Europe from the team at Match Financial, we believe will solidify NUKK’s position as the true pioneer of digital finance”.

The application for the license is to be submitted through Match Financial, another of NUKK’s wholly-owned subsidiaries. NUKK acquired Match as part of an effort to expand its operations in May of this year.

A Continued Dedication to Building Crypto-Powered Payments Infrastructure

Since as far back as 2016, NUKK has stated that serving the crypto and digital asset sector with regulated solutions is a top priority.

Indeed, NUKK has consistently demonstrated a serious commitment to expanding crypto-powered financial services on an institutional scale.

The company currently operates crypto exchange services and an Electronic Money Distribution (EMD) agent through digitalRFQ, its wholly-owned UK subsidiary. digitalRFQ also offers market-leading fiat transfer times with institutional-grade KYC, KYB, and AML services. The EMD allows NUKK to handle professional and accredited client funds, as well as conduct crypto-to-fiat conversions.

The acquisition of the EMI license would allow NUKK to offer a host of additional payment services to both institutional and retail clients. For example, with the license, NUKK would have the ability to retain clients’ funds for an extended period of time, as well as offering products associated with stored value.

NUKK strives to empower and protect financial institutions, corporate treasury departments, and professional investors around the globe. For further information on the services NUKK provides, click here.

About Nukkleus, Inc.

Nukkleus, Inc. (OTCMKTS: NUKK) combines its world class technology with institutional digital asset advisory and exchange execution services, giving Nukkleus the full-service offerings needed to compete effectively in the multi asset world.

Nukkleus is a digital financial services company with a suite of financial technology to provide institutional counterparts with unique access to global liquidity and a comprehensive suite of products and services ranging from advanced trading and technology to trusted token advisory services.

Our technology delivers counterparts institutional-grade access to traditional and digital asset markets globally along with a fully regulated EMD agent status for handling professional and accredited client funds and conducting cryptocurrency conversion into FIAT currencies.

Forward-Looking Statements
Certain statements contained in this press release may constitute “forward-looking statements”.  Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov).  In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, Nukkleus’ ability to raise capital on acceptable terms, if at all, Nukkleus’ successful development of its products and the integration into its existing products and the commercial acceptance of the Nukkleus products.  The forward-looking statements included in this press release represent Nukkleus’ views as of the date of this press release and these views could change.  However, while Nukkleus may elect to update these forward-looking statements at some point in the future, Nukkleus specifically disclaims any obligation to do so.  These forward-looking statements should not be relied upon as representing Nukkleus’ views as of any date subsequent to the date of the press release.

FXTRADING.com Launched New Client Management Portal

The new platform maintains the concise design of its predecessor, yet encompasses several new functions such as report management, online MT4 transactions and trading tools to provide an all-in-one portal for clients.

Yet this is not a one-size fits all platform. Traders of FXTRADING.com gain access to a suite of trading tools including Autochartist, volatility/correlation reports, news feeds, WebTrader and trading videos. Money managers can access the MAM portal, and all users can generate reports of their trading history and financial transactions. Moreover, clients can receive personalized notifications via the client portal from their account manager or the operations team.

Customers nowadays face more options when it comes to selecting a trading platform. Therefore, FXTRADING.com pays extra attention to the customer experience, and the correct CRM is an integral part of an optimum trading environment for our clients. Therefore, this new CRM is an important part of the company’s development plan as FXTRADING.com is aiming beyond simply providing convenient, simple, and reliable information for clients.

“What’s more is the new CRM facilitates cross-team cooperation, allowing sales, service, operations and marketing teams to work in harmony. And if it’s smoother behind the scenes, it provides a better customer and user-experience for the client and staff members”. — Lance Rosenberg, Director, Gleneagle Securities Pty Ltd.

The new CRM allows FXTRADING.com to easily update or rollout new tools once the most edge-cutting innovations are spotted in the market. It also allows staff teams to easily communicate with clients and one another, resulting in a more fluid trading environment for all involved.

FXTRADING.com’s future plan is to make the CRM an integrated part of the client’s trading experience, which means the customisation and technological innovation of it will persist. And by doing so, FXTRADING.com will make the new CRM a great selling point for the company and a great asset among the arsenal of products and services.

Visit the FXTRADING.com website today to find out more.

Vol Picks Up Heading Into Summer

Yields collapsing

The real action is taking place in the bond market where recent moves have been pretty extraordinary even by the standards of the recent past. The benchmark US 10-year treasury note yielded 1.25% on Thursday morning, plunging 20 basis points in three days. This “flattening” of the yield curve, where short term rates fall faster than interest rates further out, has dominated bond markets since the US payrolls numbers last Friday. 

The reflation tale has lost momentum in double-quick time with position adjustments being pared back at the worst of times – that is, when macro expectations are being reined in and when market liquidity is drying up ahead of the summer.  Essentially, we are seeing a recalibration of inflation expectations in the wake of the supposed Fed’s hawkish pivot at its June meeting. 

Risky currencies hammered

With concerns over the major increase in infection cases in the Delta variant, this general environment is helping safe haven JPY and CHF while the mighty dollar is taking a breather, having recently made fresh three-month highs.  The yen is on track to post one of its biggest daily increases this year as investors dump risky positions in currency markets. 

The rollback in the reflation trade is bad news for commodity-dollar currencies with AUD hitting levels last seen in early December. The Australian dollar is widely viewed as a proxy for risk appetite and has also not been helped by RBA Governor Lowe reiterating that inflation may only rise when the unemployment rate falls further and holds in the low 4% area, an outcome not expected until 2024. Of course, this comes after the bank took its first step towards QE tapering by announcing a smaller, third round of bond buying. 

OPEC+ disarray

Added to this summer cocktail for commodity currencies is an oil market which has dropped over 7% in the last few days, since the OPEC+ meeting failed to agree on production output levels for the next few months. With the rapid rising virus count in numerous countries around the world, an extended period without a deal could spur an increased amount of noncompliance. The early summer months are certainly alive with action in both financial markets and in several sporting arenas.

For more information, please visit: FXTM


Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.

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BDSwiss wins “Best Research and Education Provider” at the World Finance 2021 Forex Awards

Constantly evolving to meet the needs of diverse traders, BDSwiss’ research team, led by Head of Investment Research Marshall Gittler, creates insightful research and provides it to traders via a dedicated portal providing real-time coverage of market developments. The research offering spans the entire spectrum of content including regular commentary, editorials, quarterly outlooks, video briefs and special reports.

For traders, maintaining real-time contact with an active analyst desk and enjoying uninterrupted access to the markets is priceless.

Mr Gittler commented: “Just a little over a decade ago, it was very challenging for online traders to find the information they needed. The last 10 years has brought a tsunami of information, much of it of uncertain quality and usefulness. Today’s investors have access to information that is tailored to their needs and presented in ways and channels that are easy to understand and to use. The need for a safer trading environment is vital to their success. It’s therefore essential to deliver quality material that exceeds our traders’ expectations while supporting their investment targets, trading style, and risk tolerance.”

He added: “Over the past year, the pandemic has had a profound impact on the markets. With more people working from home, there’s been an increase in the number of traders and higher demand for coverage. During this difficult time, we’re proud to see BDSwiss’ daily analysis being trusted and featured by top-tier news portals such as Reuters, Bloomberg, Yahoo! Finance and Nasdaq.com. The award serves as recognition of all our efforts and reaffirms the importance of insightful market research delivered at the right time.

“This award from World Finance marks an important milestone in our drive to provide extensive reports, quality market analysis and live education. We remain committed to further educating traders in all parts of the world.”

BDSwiss’ research team frequently publishes special reports on the latest market trends and intends to extend multilingual coverage, as well as expand its webinar and seminar programme in 2021. In his latest editorial feature published by World Finance, Mr Gittler discusses the potential impact of central bank digital currencies (CBDCs) on the world’s most popular cryptocurrency, Bitcoin.

About World Finance Magazine
World Finance is a UK-based online and print magazine that provides coverage and analysis of the financial industry, international business and the global economy. Since 2007, the panel of experts of World Finance Forex Awards has identified and awarded market leaders who have a proven track record of outstanding achievements in their industries.