In the realm of equity derivatives, 25.9 million contracts were traded in June, representing an 11% decrease from the same period last year. Meanwhile, in the OTC Clearing sector, the notional outstanding volumes witnessed a 23% increase in June compared to the previous year, reaching EUR 33,623 billion compared to EUR 27,247 billion. Within this,…
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The average daily volume (ADV) in forex instruments stood at $5.4 billion. The figure dropped 5.3% on monthly basis and 21.7% on yearly. However, the brokerage firm reported that demand in Equities registered a rise. The volume in June was $233.5 billion, 2.3% higher compared to May. O yearly basis, the asset jumped 21.6%. Fixed…
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On 2,011 instances, this Openmarkets client executed bid-and-ask orders simultaneously for the same security at the same price. The ASIC stated that the broker should possess a suitable system to detect the possibility of these orders being placed with the intention of manipulating trading prices or creating a deceptive impression of active trading. Curiously, the…
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CAPEX.com highlighted in the official announcement that the newly announced acquisition will strengthen its position in the market and support its growth and expansion plans in the online fintech industry. Patrascu added: We see consolidation in the market as a positive development, and the current macroeconomic conditions and competitive landscape are favorable for such consolidation.…
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Prior to that, Francis worked as a finance structurer at Dresdner Bank and Lehman Brothers, and before that started his career at Linklaters. He holds a MA in Law from Oxford University Ian Lowitt, CEO of Marex, commented: I am very pleased to be welcoming Graham to the senior leadership team at Marex. His appointment…
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To implement this initiative, the FCA intends to initiate a competitive tender process to select a single provider for the CT in the bond market. This plan is a crucial component of the Edinburgh reforms and is expected to be realized through collaboration with the government by 2024. Sarah Pritchard, executive director of markets and…
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The acquisition payment will be facilitated through the issuance of an initial set of 3,938,294 ordinary shares, valued at 1 pence each, in Equals Group plc. Further sets of 61,706 shares, and potentially up to 1,000,000 shares (depending on specific conditions), will be issued over the next six months. Ian Strafford-Taylor, CEO of Equals, said:…
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Joe Li, Chairman of ATFX, commented: We are thrilled to welcome RSA into the ATFX family. This acquisition presents a significant opportunity for us to expand our presence in the Australian market and provide clients in the region with enhanced trading solutions. We are committed to investing in technology, talent, and resources to ensure that…
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As per the company's statement, Invest Easy encompasses four pre-established strategies: savings, prudent, balanced, and ambitious. The savings strategy is designed for long-term investments, while the prudent strategy emphasizes a cautious approach. On the other hand, the balanced strategy incorporates a moderate level of risk. In contrast, the ambitious strategy aims at high-risk investments, encompassing…
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The broker ended the month with client credit balance of $98.9 billion, including $3.2 billion in insured bank deposit sweeps. The client credit balance came in 7% higher than in June 2022 and about the same as the prior month. Client accounts on the platform increased 19% YoY and 1% MoM to 2.29 million in…
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