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/ February 11, 2021

Broker bucks global trends with strong corporate response to COVID-19 woes

Broker bucks global trends with strong corporate response to COVID-19 woes Global multi-asset broker Exness, for one, is finishing the year on a high. Despite 2020 being a year of uncertainty all around, the company has seen growth and record numbers. The broker was able to capitalise on the volatile market situation and saw its highest-ever trading volumes, of $6.11 trillion for the year (January to November), with a $785 billion new monthly record in March. The number of active clients from more than 150 countries, meanwhile, was up almost 100 per cent on-year to over 143,500. The figure was just over 72,700 last year. Increased trading volume for Exness translated to 315.58 million orders closed this year, with client and partner withdrawals of $593 million and $100 million, respectively. According to Exness management, this is largely owed to the fact that all its teams joined forces and went above and beyond to create the most stable and competitive trading conditions among the market chaos which the pandemic brought. Maintaining a competitive product offering despite the many other challenges that demanded time and attention, Exness also added more instruments to its trading platform, including some of the hottest stocks and energies of the year such as Tesla, Amazon, Apple, and Netflix, to name a few. Exness also responded to the global crises the pandemic created outside the bubble of the financial markets. With medical facilities and communities around the world suffering, Exness took an active role in setting an example for the private sector and helping wherever they could, donating almost $1.5 million to charities worldwide. Some of the beneficiaries included the Hospital for Tropical Diseases in Vietnam, the Alkhidmat Foundation in Pakistan, Give India, Gift of the Givers in South Africa, Suandok Hospital Foundation in Thailand, and the United Nations’ Share the Meal Program. In Cyprus, where the broker is headquartered, Exness pledged €1 …

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/ February 12, 2021

With no escape route, expats enjoy Tet ‘at home’

In the five years that he has lived and worked in Vietnam, Daniel Woollacott has developed a tradition of "escaping" Tet , when shops and services are normally shut down and major cities become deserted for a few days. But this year, he has decided to stay behind in Hanoi, dropping plans to go to Phu Quoc Island in the south. His decision is influenced by the latest Covid-19 outbreak in Vietnam. "No one can be in the mood for vacationing now, so I will try to enjoy my first Tet in Hanoi," Woollacott said, adding that it would be exciting to see the capital become quiet on the first day of the Lunar New Year. The 31-year-old Brit is among a host of expats getting to celebrate the traditional Vietnamese holiday differently this year. Many have canceled or postponed their travel plans, not wanting to risk contracting the novel coronavirus. Foreigners celebrate Lunar New Year in HCMC. Photo by VnExpress/Tam Linh. "I had planned to go to Hue, but seeing the surging number of Covid-19 cases, especially in airports, I decided to stay in Hanoi," said Ashley Jones, English teacher at an international school in Hanoi’s Long Bien District. "It is a pandemic, not a holiday," she said, adding she does not want to be infected by the virus and stay in hospitals for weeks instead of going to school and seeing her students. In a 140,000-member Facebook group of expats living in Hanoi, many netizens who have had an earlier than scheduled start to their Tet outbreak are calling on others to be responsible with their planned trips. Several have chosen to stay behind, meet friends in town or just stay at home and minimize infection risks. Expats in Hanoi and Saigon know that the two cities become "ghost towns" for the festival as stores and services are shut, so they have stocked up on food. Just three days before Tet , Monday evening, HCMC recorded 25 new Covid-19 cases, prompting authorities to close bars, karaoke parlors, cinemas and …

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