FXCM October Single Share & Stock Baskets Report

JOHANNESBURG, South Africa, Nov. 29, 2021 (GLOBE NEWSWIRE) — FXCM Group, LLC (“FXCM Group’ or ‘FXCM’), the leading international provider of online foreign exchange trading, CFD trading, cryptocurrencies and related services, is today releasing its data of most popular instruments for the month of October in its Single Share CFD and proprietary Stock Basket product lines.

FXCM offers fractional single share trading with no commission fees* on leading companies from the US, UK, France, Germany, Hong Kong and Australia. FXCM’s stock basket products combine the shares of multiple companies from one sector into a single tradeable instrument. The company currently boasts a portfolio of 14 stock baskets. The list of companies and weightings is available on FXCM’s stock basket website (https://www.fxcm.com/za/stock-baskets/)

Tesla has been the top single share instrument for three consecutive months, followed by Apple, Amazon, and Facebook, soon to be known by the new symbol MVRS after its rebranding to Meta in late October. PayPal Holdings joined the top 10 club for the first time, slotting in above NVIDIA and Alphabet.

It was also a big month for Biotechnology, which jumped eight places from 10th to be the second highest basket in October, trailing only FAANG in FXCM customer interest. On the other hand, the only HK listed basket ATMX (Big China Tech), the Chinese equivalent of FAANG, fell from No. 2 in September to No. 9 in October as traders’ interests were predominantly on the US market.

Volume Rank Monthly Rank Change Company Symbol
1 Tesla Inc TSLA.us
2 ↑2 Apple Inc AAPL.us
3 ↑2 Amazon.com Inc AMZN.us
4 ↑3 Facebook (Meta Platforms Inc) FB.us
5 ↓2 Alibaba Group Holding Ltd ADR BABA.us
6 ↓4 Tencent Holdings Ltd TENC.hk
7 ↑2 Boeing Company BA.us
8 New to Top 10 PayPal Holdings Inc PYPL.us
9 ↓3 NVIDIA Corporation NVDA.us
10 ↑1 Alphabet Inc GOOG.us
Volume Rank Monthly Rank Change Sector Symbol
1 Big US Tech FAANG
2 ↑8 Biotechnology BIOTECH
3 ↑1 China Tech CHN.TECH
4 ↑1 China Ecommerce CHN.ECOMM
5 ↑2 US Banks US.BANKS
6 ↑3 Cannabis CANNABIS
7 ↓1 Airlines AIRLINES
8 Travel & Hospitality TRAVEL
9 ↓7 Big China Tech (HKD Basket) ATMX
10 ↓5 US E-Commerce US.ECOMM

Past Performance and popularity is not an indicator of future results.
Rank is derived from FXCM Client Volume

*FXCM can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types.

About FXCM:

FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company’s mission is to provide global traders with access to the world’s largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.

Forex Capital Markets Limited: FCA registration number 217689 (www.fxcm.com/uk)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

67% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCM EU LTD: CySEC license number 392/20 (www.fxcm.com/eu)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading CFDs.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCM Australia Pty. Limited: AFSL 309763.You can sustain a total loss of deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved. If you decide to trade products offered by FXCM AU, you must read and understand the Financial Services GuideProduct Disclosure StatementTarget Market Determination and Terms of Business on www.fxcm.com/au.

FXCM South Africa (PTY) Ltd: FSP No 46534 (www.fxcm.com/za). Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.

FXCM Markets Limited: Losses can exceed deposited funds. (www.fxcm.com/markets).

Media contact:
Chatsworth Communications
+44 (0) 20 7440 9780
fxcm@chatsworthcommunications.com

UnionPay International partners with M2M to drive digital transformation in Africa

CASABLANCA, Morocco, Nov. 29, 2021 /PRNewswire/ — UnionPay International (UPI) and M2M jointly announced a partnership to accelerate digital financial transformation in Africa, creating new frontiers by leveraging two entities’ strong core capabilities and footprints.

This partnership sets an ambitious product roadmap that allows M2M to provide innovative and customer-centric payment solutions to support issuers, acquirers, fintechs, processors and aggregators across more than 40 countries worldwide.

“Becoming UPI’s certified Third Party Service Provider (TPSP) is a major milestone underscoring our drive to be a one-stop shop and a service payment platform that truly offer clients solutions covering the entire value chain of payments including issuing, acquiring and processing of expanding UPI’s transactions worldwide”, said Mr Rachid SAIHI, CEO of M2M Group. “Thanks to this partnership, M2M Group will be among the first payments actors in Africa to provide end to end processing solutions for UPI’s transactions”.

“We are delighted to collaborate with M2M to facilitate the digital financial transformation in Africa”, said Mr Luping Zhang, General Manager of Africa Branch, UnionPay International. ” UnionPay International continues to offer high quality, cost-effective, innovative payment services through shared growth in the region and contribute value towards the global payment ecosystem”.

At the forefront of the digital era, M2M Group leverages more than 30 years of worldwide innovation and expertise. M2M Group is a leading software company that provides multichannel electronic payments and eGov solutions and services that enable convenience and trust for anyone, anywhere, anytime, and any device. M2M Group’s solutions address a wide range of applications accelerating digital convergence, enhancing user experience and boosting business agility and profitability. M2M Group is listed on Casablanca’s Stock Exchange.

With over 160 million UnionPay cards issued outside of mainland China, UnionPay has expanded its acceptance network to 180 countries and regions in recent years. At present, UnionPay cards are widely accepted in Africa across all sectors, effectively meeting the diverse purchasing needs of UnionPay cardholders visiting and living on the continent. Over 10 African countries have issued UnionPay cards, including Kenya, Tanzania, Uganda, Ghana, South Africa, eSwatini, Madagascar and Mauritius. The Nilson Report (Issue 1154) shows that UnionPay ranks first among all card schemes in card issuance and transaction volume. UnionPay has launched various innovative payment products in Africa in response to the worldwide digital transformation and financial inclusion.

Adagio Therapeutics Reports That None of the Mutations Present in SARS-CoV-2 Variant, Omicron, Are Associated with Escape from ADG20 Neutralization In Vitro

Additional in vitro studies to determine neutralization activity of ADG20 against Omicron are ongoing

ADG20 EUA submissions planned for prevention and treatment of COVID-19 in mid-2022

Inventory build continues in anticipation of EUA in second half of 2022, with 4 million doses available for distribution over the next two years

WALTHAM, Mass., Nov. 29, 2021 (GLOBE NEWSWIRE) — Adagio Therapeutics, Inc., (Nasdaq: ADGI) a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of antibody-based solutions for infectious diseases with pandemic potential, today provided information related to the potential of its lead SARS-CoV-2 antibody, ADG20, to address the Omicron SARS-CoV-2 variant, and other known variants of concern. ADG20 is an investigational monoclonal antibody (mAb) product candidate designed to provide broad and potent neutralizing activity against SARS-CoV-2, including variants of concern, for the prevention and treatment of COVID-19 with potential duration of protection for up to one year in a single injection.

“The continued global scale of the COVID-19 pandemic has led to increased levels of immune pressure on the virus, which is driving the emergence of variants containing mutations associated with escape from common classes of neutralizing antibodies induced by natural infection or vaccination. Unlike most antibodies currently available under EUA, ADG20 has been shown to target an epitope that is highly conserved among clade I sarbecoviruses and that is not readily targeted by the endogenous neutralizing antibody response,” said Laura Walker, Ph.D., co-founder and chief scientific officer of Adagio. “Due to the highly conserved and immunorecessive nature of the epitope recognized by ADG20, we expect that ADG20 will retain activity against Omicron, as we have observed in in vitro models with all other variants of concern identified previously. Further, none of the mutations present in the spike protein of the Omicron variant have been associated with escape from ADG20 neutralization.   ADG20 was engineered for potent and broadly neutralizing activity in anticipation of both the rapid antigenic evolution of SARS-CoV-2 and the emergence of future SARS-like viruses with pandemic potential.”

“ADG20 was uniquely designed to combine breadth, potency and duration of protection against SARS-CoV-2 for up to one year in a single injection. We did this anticipating that SARS-CoV-2 would continue to evolve and potentially render some early therapies and vaccines obsolete,” said Tillman Gerngross, Ph.D., co-founder and chief executive officer of Adagio. “Our global clinical trials are advancing with potential EUA submissions in mid-2022 for both prevention and treatment of COVID-19. We continue to engage with the FDA and other regulatory bodies and governmental agencies to discuss potential acceleration of development plans and the need for a portfolio of therapeutic solutions to combat the COVID-19 pandemic.”

Given the significant potential health crisis resulting from the emergence of Omicron, Adagio is undertaking a number of activities to support ADG20’s utility in addressing this newly emerged variant of concern, including:

  • Conducting in vitro studies to evaluate the expected binding and neutralizing activity of ADG20 against Omicron. Initial data from these studies is anticipated by the end of the year; and
  • Recruiting patients in Adagio’s Phase 2/3 COVID-19 treatment trial, known as STAMP, across several clinical sites in South Africa (along with ongoing clinical trial efforts globally) in an effort to generate clinical data for ADG20 against infections due to the Omicron variant.

Based on the data being generated, Adagio plans to engage with health authorities and government agencies to accelerate development and supply of ADG20 to combat SARS-CoV-2 and its variants of concern.

ADG20 and Variants of Concern
The neutralizing antibody response induced by SARS-CoV-2 infection and vaccination is dominated by three classes of receptor binding domain (RBD)-directed antibodies (Class 1, Class 2 and Class 3), which often share common escape mutations. The newly emerged Omicron (B.1.1.529) variant identified in South Africa contains mutations associated with resistance to a large proportion of these commonly elicited antibodies, which may be due to immune pressure on these antigenic sites. Data for most antibodies available under EUA or in late-stage clinical development show they target one of these three dominant antigenic regions within the RBD.

In vitro studies have shown that ADG20 binds to a highly conserved epitope within the RBD that is not targeted by any of the common classes of neutralizing antibodies induced by SARS-CoV-2 infection and vaccination. Thus, unlike many other clinical-stage antibodies, which were isolated from COVID-19 patients and recognize epitopes that are also targeted by endogenous neutralizing antibodies, there is limited immune pressure on the ADG20 binding site. The ADG20 epitope has remained conserved in 99.99% of the nearly 4 million full length SARS-CoV-2 viral sequences deposited in the GISAID database as of October 15, 2021, and, as shown in in vitro studies, ADG20 retains activity against prior variants of concern including Alpha, Beta, Delta, and Gamma. For the Omicron variant, none of the mutations present in the spike protein are associated with escape from ADG20 neutralization. Based on published epitope mapping and structural studies, Adagio anticipates that ADG20 will retain neutralizing activity against the Omicron variant whereas other mAb products may lose substantial activity against this variant.

Previously disclosed in vitro data demonstrated retained neutralizing activity of ADG20 against a diverse panel of circulating SARS-CoV-2 variants, including the recently emerged Lambda, Mu and Delta plus variants. Notably, findings from these in vitro studies showed that ADG20 demonstrated potent neutralizing activity against all SARS-CoV-2 variants of concern tested, including those with reduced susceptibility to mAb products currently available under EUA or in late-stage development.

About ADG20
ADG20, an investigational monoclonal antibody targeting the spike protein of SARS-CoV-2 and related coronaviruses, is advancing through global clinical trials for the prevention and treatment of COVID-19, the disease caused by SARS-CoV-2. ADG20 was designed and engineered to possess high potency and broad neutralization activity against SARS-CoV-2 and additional clade 1 sarbecoviruses by targeting a highly conserved epitope in the receptor binding domain. ADG20 was further engineered to provide an extended half-life for durable protection. ADG20 has demonstrated potent neutralizing activity against the original SARS-CoV-2 virus, SARS-CoV-2 variants of concern Alpha, Beta, Delta, and Gamma, other SARS-CoV-2 variants to date, and additional SARS-like viruses in preclinical studies. ADG20 is administered in clinical trials by a single intramuscular injection. To date, ADG20 has been well-tolerated in a Phase 1 trial with no safety signals identified through a minimum of three months follow-up across all cohorts. ADG20 has not been approved for use in any country, and safety and efficacy have not yet been established.

About Adagio Therapeutics
Adagio (Nasdaq: ADGI) is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of antibody-based solutions for infectious diseases with pandemic potential, including COVID-19 and influenza. The company’s portfolio of antibodies has been optimized using Adimab’s industry-leading antibody engineering capabilities and is designed to provide patients and clinicians with the potential for a powerful combination of potency, breadth, durable protection (via half-life extension), manufacturability and affordability. Adagio’s portfolio of SARS-CoV-2 antibodies includes multiple non-competing, broadly neutralizing antibodies with distinct binding epitopes, led by ADG20. Adagio has secured manufacturing capacity for the production of ADG20 with third-party contract manufacturers to support the completion of clinical trials and initial commercial launch, ensuring the potential for broad accessibility to people around the world. For more information, please visit www.adagiotx.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipates,” “believes,” “expects,” “intends,” “projects,” and “future” or similar expressions are intended to identify forward-looking statements. Forward-looking statements include statements concerning, among other things, the timing, progress and results of our preclinical studies and clinical trials of ADG20, including the timing of our planned EUA submissions, initiation, modification and completion of studies or trials and related preparatory work, the period during which the results of the trials will become available and our research and development programs; the expected neutralizing activity of ADG20 against the Omicron variant; our ability to obtain and maintain regulatory approvals for, our product candidates; our ability to identify patients, including in specific populations, with the diseases treated by our product candidates and to enroll these patients in our clinical trials; our expectations regarding the scope of any approved indication for ADG20; and the risk/benefit profile of our product candidates to patients; our manufacturing capabilities and strategy, including plans for doses available in the near future; and our ability to successfully commercialize our product candidates. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from the results described in or implied by the forward-looking statements, including, without limitation, the impacts of the COVID-19 pandemic on our business, clinical trials and financial position, unexpected safety or efficacy data observed during preclinical studies or clinical trials, clinical trial site activation or enrollment rates that are lower than expected, changes in expected or existing competition, changes in the regulatory environment, and the uncertainties and timing of the regulatory approval process. Other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements in this press release are described under the heading “Risk Factors” in Adagio’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 and in Adagio’s future reports to be filed with the SEC, including Adagio’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2021. Such risks may be amplified by the impacts of the COVID-19 pandemic.  Forward-looking statements contained in this press release are made as of this date, and Adagio undertakes no duty to update such information except as required under applicable law.

Contacts:
Media Contact:
Dan Budwick, 1AB
[email protected]

Investor Contact:
Monique Allaire, THRUST Strategic Communications
[email protected]

Phaahla urges citizens not to panic, as SA deals with new variant

Health Minister, Dr Joe Phaahla, has reiterated the President’s call for South Africans to keep calm amid the latest variant, Omicron.

“There is just no basis for some of the leaders of countries which have imposed these restrictions on travelling for us in South Africa and other countries in Southern Africa,” he said on Monday.

The Minister, together with a panel of scientists, hosted a media briefing to present the state of readiness to respond to the Variant of Concern by the government.

“There is no basis for South Africans to panic. We have been here before. This is no new territory. We have now more than 20 months experience in terms of COVID-19 various variants and waves.”

He also thanked the local scientists who discovered the new COVID-19 variant.

“It’s often said you’re better off dealing with an enemy you know than an enemy you don’t know. So you can imagine if we have just seen infections rising and didn’t know what was the cause?”

However, thanks to the scientists, he said the country is now aware that the resurgence was driven by the new variant.

“Our medical scientists, our epidemiologists, clinicians are working on studying this virus, its characteristics and its impact on us as human beings, as citizens.”

Phaahla has assured South Africans that in a matter of days and weeks, the scientists will have gone to the bottom of the matter.

“But in the meantime, we are doing everything possible to make sure that our health facilities are ready,” he said.

“We know that as the infections arise, people will get sick, some severe, especially those who have not been vaccinated.”

He also warned that those who are jabbed might also get ill.

Engaging world leaders

Meanwhile, he said under President Cyril Ramaphosa’s leadership supported by the World Health Organisation, government was engaging leaders of various countries, especially those who have initiated these travel bans to convince them it was “very unnecessary”.

“The travel bans are not helping us; they just make things more difficult.”

In addition, he said the President, Minister Naledi Pandor and others, were engaging leaders of various countries in Europe and the Americas regions.

“Later in the afternoon, we will be presenting a statement on behalf of Southern African countries to condemn the actions of those who have imposed travel bans.”

The Minister said had South Africa kept “quiet” about the new variant there would have been no travel bans.

“But that would have been very detrimental because our approach is not to have our citizens live in false security and for safety.”

He repeated the President’s call that the best response to this fight against the resurgence over and above the non-pharmaceutical interventions are vaccines.

More cases expected in a few days

Top South African infectious disease expert, Professor Salim Abdool Karim, said he was amazed at how fast the numbers are going up given that the country had low transmission until barely a week ago.

“We expected and prepared for a new variant as far back as September. However, we did not know when it would come.”

While little is still known about the new variant, he predicted that more young people will fall ill mainly because it is an age group that is less vaccinated.

“So you will see more cases there,” he said, adding that people are being reinfected because this variant will bypass some of that immunity.

“The first thing we can expect is higher transmissibility, so we’re going to get more cases quickly. We are not seeing early evidence of this and if that happens, I am expecting we will talk over 10 000 cases by the end of the week.”

In addition, the country will see pressure on hospitals within the next two to three weeks.

However, Abdool Karim expects that vaccines should “hold well”, in terms of preventing hospitalisations and severe disease.

“The last thing we need is panic and overreaction and certainly what we’ve seen in knee jerk reactions. We have dealt with variants before.”

Meanwhile, he said closing the borders has almost no benefit.

Source: South African Government News Agency

Report GBV perpetrators, urges Minister de Lille

Public Works and Infrastructure Minister, Patricia De Lille, has reiterated the need for families and communities to stand together and speak out against abuse as well as report abusers to the authorities.

This, she said, would ensure that gender-based violence perpetrators “face the full might of the law and do not get away with the harm they bring to our women and children”.

The Minister made the remarks on Monday in Inanda, in KwaZulu-Natal, where she viewed the recently installed anti-gender based violence and femicide (GBVF) billboards by the Department of Public Works and Infrastructure (DPWI).

KwaZulu-Natal Police Commissioner Lieutenant General Nhlanhla Mkhwanazi accompanied the Minister.

In September 2019, de Lille committed to allocating unoccupied state-owned properties for service delivery purposes, especially to provide shelter to victims of GBV.

So far, the DPWI has made available 12 properties for shelters for GBV victims, six of these shelters are in Gauteng and six are in the Western Cape.

At the time, she also committed that DPWI would use state-owned properties to install anti-GBVF messaging as a campaign to show government’s solidarity with communities and families who have been affected by this scourge and to demonstrate government efforts in the fight against GBVF.

The anti-GBVF messaging campaign started with a billboard installed on Kgosi Mampuru Road in Tshwane and a mural at Manenberg Police Station in Cape Town. The DPWI is expanding the GBVF advocacy communication campaign to all provinces.

Anti-GBVF billboards have also been installed at three police stations in Pretoria – Mamelodi East, Mamelodi West and Eersterust – by the DPWI earlier this year.

As part of expanding the programme, the DPWI recently installed three more billboards at the Plessislaer, Inanda and Empangeni Police Stations in KwaZulu-Natal.

The Minister on Monday said the placement of the billboards was part of government’s communication efforts to reaffirm the stance against the killing and hurting of women and children.

“Each day women and children are being abused and killed by the very people who are supposed to protect them. We have lost far too many sisters, mothers and children to the scourge of GBVF and it must come to an end.

“Families and communities must not protect those who perpetrate these heinous crimes against our own women and children. Women and children must be loved and protected at all times and we must speak out and protect our women and children every day of the year,” she said.

The Minister called on women to not protect their abuser and be scared of speaking out or walking away.

“Women must know that there is support out there and they must leave abusive relationships. Often women are scared to leave and the most devastating consequence is being killed at the hands of the abuser.

“We have placed these billboards in communities most afflicted by crime and the billboards also publicise the number of the national GBVF Command Centre where victims can call to get help. Help is available. Speak out and act against abuse for the sake of saving lives.”

She pleaded with men to stop hurting women and children, saying they should rather do more to protect and be protectors they need.

Source: South African Government News Agency

Minister Zulu tests positive for COVID-19

Minister of Social Development, Lindiwe Zulu, on Monday received results confirming that she has tested positive for COVID-19.

The Minister’s positive result comes in the wake of the detection of the new Omicron COVID-19 variant, which the World Health Organisation has declared a “variant of concern”.

The Minister has immediately started isolating and recovering at home, where she will continue carrying out her duties without disruptions.

“It all started with a scratchy throat and I didn’t suspect anything, but when it persisted, I took the COVID-19 test yesterday and received the results this morning. I am feeling well and I can attribute this to the fact that the virus found me fully vaccinated,” the Minister said.

As the Vooma Vaccination Weekend (3-5 December) approaches, the Minister has called on South Africans to take the virus seriously and to follow COVID-19 protocols at all times by wearing a mask, washing and sanitizing hands and keeping a social distance.

“As the President emphasised last night, vaccination is the most powerful tool we have and it is not too late to get vaccinated before the fourth wave hits us hard,” Zulu said.

Source: South African Government News Agency