Stockpicker chooses InterTrader Direct as exclusive CFD partner
Stockpicker, Sweden’s leading investment research house, has selected InterTrader Direct as its exclusive CFD partner. The collaboration coincides with the launch of InterTrader Direct’s Swedish language website – http://www.intertraderdirect.se/.
Stockpicker provides independent fundamental and technical analysis, research and trade alerts to institutional and retail investors in Sweden. Stockpicker chose to work with InterTrader Direct due to its commitment to providing total transparency and a customer-friendly trading environment.
Unlike most spread betting and CFD providers, InterTrader Direct never trades against its clients. Operating under a ‘No Dealing Desk’ broker model, all client trades are hedged completely. InterTrader Direct subsequently has no interest in whether its clients make a profit or loss.
Henrik Jönsson, chief analyst at Stockpicker, commented: “We believe it is unethical for brokers to speculate against their own customers. Our clients demand direct and transparent market access, seamless execution and no conflict of interest. InterTrader Direct ticked all these boxes. In addition, our clients will benefit from InterTrader Direct’s educational material, live trading webinars and powerful trading tools.”
Shai Heffetz, managing director, InterTrader Limited, added: “With InterTrader Direct investors can trade indices, commodities and FX on the classic MetaTrader 4 platform. InterTrader Direct is perfect for the serious trader that believes the broker should be on your side. Our clients enjoy reliable execution, tight spreads and great liquidity with zero conflict of interest.”
To visit Stockpickers new CFD micro site and read more about InterTrader Direct please click here.
About InterTrader Direct
InterTrader Direct is a ground breaking spread betting and CFD provider, offering direct, flexible and transparent trading via the MT4 platform. Clients can trade No Dealing Desk forex at the interbank market price, plus low spreads on indices and commodities.
InterTrader Direct is committed to giving serious traders what they want – tight spreads, the most direct access, the best liquidity, and the most powerful trading tools.
InterTrader Direct is a sister company of InterTrader.com, and is wholly owned by bwin.party digital entertainment plc, the world’s largest listed online gaming business with a market capitalisation of $1.4 billion.
Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so clients should ensure that they fully understand the risks involved.
The information and comments provided herein under no circumstances are to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice. The information provided is believed to be accurate at the date the information is produced.
FTSE Russell to include 11 stocks from China’s STAR Market in global benchmarks
SHANGHAI (Reuters) – Index provider FTSE Russell will add 11 stocks from China’s STAR Market to its global benchmarks, according to a post on its website from Friday.
The move marks the first time shares from Shanghai’s Nasdaq-style STAR Market for stocks in China have been included in a global index.
The 11 stocks include Raytron Technology Co Ltd, Zhejiang HangKe Technology Co Ltd, Montage Technology Co Ltd, Advanced Micro-Fabrication Equipment Inc China.
(Reporting by Josh Horwitz and Samuel Shen in Shanghai; Editing by William Mallard)
UK insurers estimate to pay up to 2.5 billion pounds for coronavirus claims
(Reuters) – The Association of British Insurers (ABI) said on Saturday insurers are likely to pay up to 2.5 billion pounds ($3.50 billion) for UK’s COVID-19 insurance claims incurred in 2020.
The latest estimates include 2 billion pounds for COVID-19 business interruption claims and 500 million pounds for COVID-19 related protection insurance claims, travel insurance claims and other general insurance products.
ABI’s Director General Huw Evans said in a release that the pandemic illustrated some uncomfortable gaps between what people expected to be covered for and what their policy was designed for.
“We need to learn lessons from this unprecedented event and redouble our efforts to improve consumers’ trust in insurance products,” he added.
The insurance trade body said 123,000 claims have been settled with payment so far and a further 9,000 have received partial payments as of mid-January 2021.
($1 = 0.7139 pounds)
(Reporting by Maria Ponnezhath in Bengaluru; Editing by Marguerita Choy)
Oil extends losses as Texas prepares to ramp up output after freeze
By Devika Krishna Kumar
NEW YORK (Reuters) – Oil prices fell for a second day on Friday, retreating further from recent highs, as Texas energy companies began preparations to restart oil and gas fields shuttered by freezing weather and power outages.
Brent crude futures ended the session down $1.02, or 1.6%, at $62.91 a barrel while U.S. West Texas Intermediate (WTI) crude fell $1.28, or 2.1%, to settle at $59.24.
For the week, Brent gained about 0.5% while WTI fell about 0.7%.
This week, both benchmarks had climbed to the highest in more than a year.
“Price pullback thus far appears corrective and is slight within the context of this month’s major upside price acceleration,” said Jim Ritterbusch, president of Ritterbusch and Associates.
Unusually cold weather in Texas and the Plains states curtailed up to 4 million barrels per day (bpd) of crude production and 21 billion cubic feet of natural gas, analysts estimated.
U.S. energy firms this week cut the number of oil rigs operating for the first time since November, according to Baker Hughes data.
Texas refiners halted about a fifth of the nation’s oil processing amid power outages and severe cold.
Companies were expected to prepare for production restarts on Friday as electric power and water services slowly resume, sources said.
“While much of the selling relates to a gradual resumption of power in the Gulf coast region ahead of a significant temperature warmup, the magnitude of this week’s loss of supply may require further discounting given much uncertainty regarding the extent and possible duration of lost output,” Ritterbusch said.
Oil prices fell despite a surprise drop in U.S. crude stockpiles last week, before the big freeze hit. Inventories fell 7.3 million barrels to 461.8 million barrels, their lowest since March, the Energy Information Administration reported on Thursday. [EIA/S]
“Vaccines and the impressive rollouts we’ve seen have delivered strong gains, as have the efforts of OPEC+ – Saudi Arabia, in particular – and the big freeze in Texas, which gave oil prices one final kick this week,” Craig Erlam, senior market analyst at OANDA, said.
“With so many bullish factors now priced in, it seems we’re seeing some of these positions being unwound.”
The United States on Thursday said it was ready to talk to Iran about returning to a 2015 agreement that aimed to prevent Tehran from acquiring nuclear weapons. Still, analysts did not expect near-term reversal of sanctions on Iran that were imposed by the previous U.S. administration.
“This breakthrough increases the probability that we may see Iran returning to the oil market soon, although there is much to be discussed and a new deal will not be a carbon-copy of the 2015 nuclear deal,” said StoneX analyst Kevin Solomon.
(Additional reporting by Ahmad Ghaddar in London and Roslan Khasawneh in Singapore and Sonali Paul in Melbourne; Editing by Marguerita Choy, David Gregorio and Nick Macfie)
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