On the technical side the price on the fiber chart has found resistance on the upper band of the Bollinger bands last Tuesday and has since corrected to the downside. The Bollinger bands are contracting at the time of this report but volatility could pick up later in the week around publication hours of the…
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The Aussie regulator has been conducting a focused evaluation of Binance’s financial services business in Australia, focusing on the categorisation of retail and wholesale consumers. ASIC issued a hearing notice on 29 March to assess whether to revoke or suspend the AFS licence held by Oztures Trading Pty Ltd. ASIC Chair Joe Longo said: It…
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Cboe European Derivatives Exchange (CEDX) in turn reported 6,574 contracts last month, surpassing the previous record of 3,824 contracts in January 2023. The company's pan-European clearing house, Cboe Clear Europe, cleared a record 8 million trades on Euronext's stock exchanges in Amsterdam, Brussels, Paris, Lisbon, and Milan under the preferred clearing model. Cboe FX According…
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The average daily volume (ADV) in forex instruments stood at $6.8 billion. The figure grew 23.6% on monthly basis and 3% on yearly. The brokerage firm reported that demand in Equities also registered an uptick. The volume in March was $259.9 billion, strengthening by 25% compared to February. On yearly basis, the asset class rose…
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Adel Jibrin, the CEO and Managing partner of Hybrid Solutions, said: The integration of VertexFX Trading platform with Advanced Markets is a significant milestone. The partnership will provide VertexFX traders with access to institutional grade liquidity and advanced trading tools that were previously only available to institutional traders. The company is excited about the partnership…
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ATH Likely to be Challenged Technically, limited resistance is evident on the weekly timeframe, following the breach of resistance from $1,988. This paves the way for a run at the ATH of $2,070. You may recall that I highlighted the daily timeframe’s price action in the Weekly Market Briefing, paying specific attention to a clear-cut…
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NAGA stated in their update that the assets under custody have increased to EUR 35 million, representing a growth of 45% compared to the previous reported HY1 2022 figure of EUR 24 million. Additionally, the company said it lowered its monthly cost to an average of EUR 3.3 million during Q1 2023, a 40% decrease…
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March Performance During last month, Interest Rate ADV increased 40% on yearly basis The Group saw record numbers of contracts traded in March with Secured Overnight Financing Rate (SOFR) futures reached a record ADV of 5,158,969 contracts on 9 March. The marketplace’s SOFR options ADV hit at a record 2,943,422 contracts on the same day.…
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Previously, Wheelwright held several positions at NatWest Group, including Managing Director, where he co-founded Bó, a digital retail bank, and served as its Chief Operating Officer. Additionally, he was the Chief Administrative Officer of NatWest Markets, the Group's capital markets arm, and led the £500 million digital transformation program. Wheelwright 's career began as a…
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Trading volumes on Börse Frankfurt in March 2023 came in at €3.79 billion (February 2023: €2.93 billion). Last month, Equities on Deutsche Börse generated €116.44 billion and trading in ETFs/ETCs/ETNs accounted for €21.43 billion of the turnover. Bonds recorded €1.05 billion, certificates €1.24 billion and funds brought in €0.05 billion. Allianz SE was the DAX…
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