On Thursday, SIX announced the appointment of Bjørn Sibbern as its new Chief Executive Officer, effective 1 January 2025. The financial markets infrastructure firm confirmed that Sibbern, who presently serves as Global Head of Exchanges at SIX, will succeed Jos Dijsselhof, who is stepping down after seven years at the helm to pursue a new…
While traditional financial markets experience a lull due to Thanksgiving in the U.S., the bullish momentum in the cryptocurrency market continues to keep traders engaged. As seen on the ETH/USD chart:→ Ethereum’s price has broken through the critical $3500 level, which acted as resistance during the summer (indicated by an arrow).→ Additionally, the strength of…
The Financial Industry Regulatory Authority (FINRA) disclosed it has fined Tastytrade, Inc. $30,000 for supervisory failings related to monitoring employees’ outside securities accounts. The Chicago-based brokerage, a FINRA member since 2016, was also censured as part of the settlement. Between July 2021 and July 2023, FINRA said Tastytrade failed to establish and maintain a supervisory…
The ATR indicator on the XBR/USD chart has dropped to its lowest level since early autumn, signalling reduced volatility. This likely reflects market participants awaiting announcements from the OPEC+ meeting scheduled for 1 December. Overall, Brent crude prices remain under pressure due to:→ reduced tensions in the Middle East, with reports this week confirming a…
UBS has chosen Clearstream to manage fund distribution support activities for the former Credit Suisse (CS) business, marking a consolidation of operations. It was explained in the Clearstream press release that through Clearstream’s Fund Centre platform, UBS aims to streamline processes, reduce costs linked to trailer fee collection, and optimise contract management. The move reflects…
Introduction The Expert Advisor discussed in this article is a multi-currency trading robot that uses the Zigzag and RSI indicators. It follows a strategy of opening Buy trades when the price dips below the RSI oversold line and Sell trades when the price rises above the RSI overbought line. It also includes pending limit orders…
EURJPY in the fourth week of losses Short-term bias skewed to the downside Next stop could be near 158.00 EURJPY is set to post its fourth consecutive negative week, having retraced more than half of its September-October uptrend to reach the 159.00 level on Wednesday. The 61.8% Fibonacci retracement level of 159.55 came to offer…
OptAxe, a fully centralised trading venue for liquidity discovery, dissemination and execution, has announced it has received FCA authorisation to operate a multilateral trading facility (MTF) for axe-driven FX options trading. OptAxe offers an innovative and automated approach to FX options trading that digitises and centralises the distribution of FX options axes. OptAxe evolves the…
360T was once again a proud sponsor of the TradeTech FX conference in Amsterdam, which brought together 800+ senior FX attendees including 300+ of Europe’s leading buy side firms for three days of discussion, debate and networking. Having participated in one panel session on the main day of the conference, run a series of buy-side-only…
Spark Systems Pte. Ltd., the Singapore based fintech has been awarded a project by Singapore bank OCBC, to deliver its core FX pricing and trading platform. Under this partnership, Spark will work with OCBC to build a cutting-edge foreign exchange trading platform designed to enhance OCBC’s pricing and trading capabilities, augment access to market liquidity…