April » 2022 » ~ SwingFish Forex Traders

1320 | +0.181% | GBPJPY

222664 April 29, 2022 16:25 SwingFish Trading Room Journal GBPJPY

Asia Events	PPI [AUD]
EU Events	GDP [EUR-Fr], Retail Sales [CHF]
Bank Holiday	Japan

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XRP (Ripple) Suspended

214834 April 29, 2022 04:41 EnFoid LLC SwingFish Updates EnFoid

XRP is the cryptocurrency used by the Ripple payment network. Built for enterprise and bank use,
it aims to be a fast, cost-efficient cryptocurrency for cross-border payments.

due to the ongoing SECÂ’s action against Ripple Labs, Inc., Coinbase stop trading in XRP by January 19, 2021.

we were still using XRP for outgoing transfers.
as of today, we can no longer fulfill payments through XRP, as we are unable to obtain more Ripple Coins until the suspension is lifted.

Other Cryptocurrencies are NOT affected by this, the SEC’s action is only against XRP!

if your XRP Transaction was canceled, please re-add it using another Cryptocurrency.

this is not the end of XRP, once the SEC has concluded the investigation with Ripple Labs, Inc.,
we will enable XRP payments, deposits, and withdrawals immediately.

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1319 | +0.179% | GBPJPY GOLD

222334 April 28, 2022 13:58 SwingFish Trading Room Journal GBPJPY • GOLD

Asia Events	Trade Balance [NZD], Industrial Production [JPY], Interest Rates [JPY]
EU Events	Unemployment [EUR-Es], Inflation Rate [EUR-De]

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1318 | +0.124% | EURJPY

222007 April 27, 2022 18:45 SwingFish Trading Room Journal EURJPY

Asia Events	CPI [AUD]
EU Events	Consumer Confidence [EUR-De], PMI [EUR-At]Â

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1317 | +0.249% | GBPJPY EURUSD DAX

221737 April 26, 2022 15:40 SwingFish Trading Room Journal DAX • EURUSD • GBPJPY

Asia Events	Unemployment [JPY]
EU Events	Trade Balance [CHF],Â

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1316 | +0.254% | GBPJPY GBPUSD

221350 April 25, 2022 14:47 SwingFish Trading Room Journal GBPJPY • GBPUSD

Asia Events	GDP [JPY]
EU Events	Report [EUR-DE]

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EnFoid merges with EnFoid

230600 April 24, 2022 23:25 EnFoid LLC SwingFish Updates EnFoid

as part of the Legislation change, the following changes are planned:

Q1 2022: Risk Products being moved to EnFoid Traders Inc.
Q2 2022: Clients move internally to EnFoid LLC.
Q4 2022: Striking off or releasing EnFoid Pte. Ltd.
Q4 2022: sale of SG Assets that are not moving to the United States.

some of those tasks are major, others are just minor changes.

most of these things will take place in the background, and not affect any operations at all.
the only exception to this is the Proprietary Trading project, as we do violate regulatory requirements doing this, Prop Trading will be halted until the change is complete, to make sure the Law is on our side.

EnFoid has no (and never had) any interest in “Selling trading accounts” as this is in direct conflict with our mission statement, as a result, we will also use this chance to re-launch Prop Trading in a new form, which will be far more selective in enrolling traders, and in exchange more lenient towards the ones that do qualify.

Please see the Official Merger information here https://www.enfoid.com/legal-enfoid-enfoid-merger

Task List:

move clients
almost complete, some clients do require additional documentation and will be contacted individually.
Two of the Singaporean Staff will stay with EnFoid, working from home permanently.
Office Space in Wilmington
Leases active since mid-2021, but we will need to finalize some infrastructure items.
until then we continue operating in covid-19 fashion (from home)
Banking Services
still pending (requires management to travel to the United States)
with this completed, Arkavis Services will be discontinued.
Cash App & ACH direct Transfers
Striking off EnFoid Pte. Ltd.
this has been posted to Singapore Gazette on 17 May 2022