Brokers News Stocks 

BaFin Warns Investors to Steer Clear of Marijuana Brokers

“BaFin, the federal financial watchdog in Germany, also indicated that Cannabis Trader displays address details on its website which are non-existence, and that its domain is registered anonymously” writes Aziz Abdel-qader for financemagnates.com. Germany’s watchdog BaFin has published a statement warning of the activities of “Cannabis Trader”, a company that appears to be offering marijuana derivatives products without complying with its financial legislation.The marijuana companies themselves have been busy expanding their capacity, diversifying their product lines, and making acquisitions, all in an effort to improve differentiation from their peers and…

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News 

Why you should be using automated forex signals

“Many forex brokers and independent companies have developed trading systems that offer forex signals telling the user when to buy and sell” reports forexlive.com. Forex trading signals usually operate on a mathematical formula and when parameters are met, a signal is sent out via e-mail or phone.There is nothing wrong with using forex signal providers given you do not have time to trade for yourself.When seeking out a reliable source of forex signals be sure that their data is back tested, and the company has a proven track record.There are…

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News Oil 

Exclusive: Exxon adds veteran oil traders in Houston as it bulks up trading: sources

“Before Noble, Paradise was Citigroup Inc’s director of oil trading in Houston” reports businessinsider.com. Last year, Exxon hired former BHP Billiton Plc trader Nelson Lee as an international crude trader.Rubinstein was managing director and global head of crude oil at Noble until 2017, when rival Vitol SA agreed to buy Noble Americas Corp.Previously, Exxon stood apart from rivals by limiting trading activity out of concerns it would be accused of market manipulation.Both Rubinstein and Paradise left commodity trader Noble Group Ltd in 2017. Source: businessinsider.com

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News 

Survey: Costco, Trader Joe’s are best retailers of 2018. See which ones were the worst

“A new consumer survey shows America’s love affair with Trader Joe’s and Costco continues, but overall customer satisfaction was down last year” writes Doreen Christensen for sun-sentinel.com. The latest American Customer Satisfaction Index survey ranked the best and worst retailers of 2018 asked more than 62,000 consumers to choose favorite department and discount stores, specialty retailers, supermarkets and e-retailers, among others.Top retailers scored in the 80s, with most chains clustered in the 70s. Source: sun-sentinel.com

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News Oil 

Exclusive: Energy trader Gunvor mulls asset sales after first annual loss

“It became at one point the biggest seller of Russian oil thanks to what it described as excellent Russian connections” reports businessinsider.com. Its role in Russian oil shrank earlier this decade and the trading house diversified into other areas and products.LONDON (Reuters) – Energy trader Gunvor Group is considering selling non-core assets in Russia and finding a strategic partner for its German refinery as it tries to recover from the first-ever annual loss it suffered in 2018, trading and banking sources said. Source: businessinsider.com

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Crypto News 

Netherlands: Bitcoin Trader Attacked in His Home

“A Bitcoin (BTC) trader has been attacked in his home in the Netherlands by a group of robbers disguised as the police, local news outlet De Telegraaf reported on Feb. 23” writes Ana Alexandre for cointelegraph.com. Cryptocurrency thieves have become not only an online threat, as Bitcoin owners have been attacked face-to-face by criminals and forced to deposit various amounts of digital currency into anonymous wallets.While the motive of the raid is not clearly established, De Telegraaf conducted their own investigation revealing that H. had been trading cryptocurrency. Source: cointelegraph.com

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Futures News 

CFTC Settles Spoofing Case with Indian-American Trader

“An Indian-American trader has just settled spoofing charges with the Commodity Futures Trading Commission (CFTC)” writes Aziz Abdel-qader for financemagnates.com. In addition to the three banks, the multi-agency complaint accuses Krishna Mohan and other plotters of engaging in a plot to rip off other metals traders by spoofing.Earlier last year, Deutsche Bank, HSBC and UBS were hit by penalties, the largest of which was a $30 million fine for Germany’s biggest bank. Source: financemagnates.com

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