CySEC regulation
March 15, 2023 BY Steffy Bogdanova

CySEC reports 4% increase to 837 in regulated entities and imposing €2.9 million Fines in 2022

The Chairman of CySEC, Dr George Theocharides, announced that the supervisory role will be expanded to include European Crowdfunding Service Providers (ECSPs) and Providers of Pan-European Personal Pension products (PEPP). The regulator also plans a technological upgrade in 2023 and an increased focus on investor education, including the establishment of an annual award for two…

Read more
March 15, 2023 BY Steffy Bogdanova

Scope Markets hires Yaser Zidan as MENA sales manager

Prior to joining Scope Markets, Scope Markets spent his entire career within the forex industry at Equiti. According to his LinkedIn profile, he joined the group in 2016 as senior account manager, where he spent almost seven years. He also served as Vice President of Sales at Equiti in Jordan from May 2018 until his…

Read more
IG Group
March 15, 2023 BY Steffy Bogdanova

IG Group's total revenue falls 7% in Q3FY23

The global fintech company noted that the third quarter was a “quieter quarter”, especially in December, when lower market volatility was observed compared to recent periods and the third quarter of the previous financial year. IG further highlighted the benefits of its diversification strategy which led to the exchange traded derivatives reaching £52 million revenue…

Read more
CQG releases CQG One
March 14, 2023 BY Steffy Bogdanova

CQG and Broadridge partner for OMS and EMS technologies integration

The official announcement, released today, detailed that CQG has completed a FIX connection with Broadridge, which facilitates the direct transfer of order flow from CQG to Broadridge's infrastructure for routing to its network of exchanges and liquidity providers. The ongoing development aims to achieve a seamless workflow between the two systems, enabling customers to view…

Read more
TP ICAP
March 14, 2023 BY Steffy Bogdanova

TP ICAP reports solid rise in 2022 profits

TP ICAP’s board has recommended to distribute 12.4 pence per share as a dividend to its shareholders at a 31% YoY increase. The global broking revenue increased by 13% on a reported basis and 7% on a constant currency basis, with a total of £1.25 billion. £302 million of this total was generated from FX…

Read more
FXSpotStream
March 14, 2023 BY Steffy Bogdanova

FXSpotStream's February ADV reach $62.9 billion

February ADV increased 3.8% on monthly basis, compared to the $60.57 billion recorded the previous month. On yearly basis, however, last month’s ADV fell 0.4% compared to February 2022. Last month, FXSpotStream’s overall volume stood at $1.26 trillion. The numbers were 5.26% down from the $1.33 trillion, recorded in January 2023. The overall trading volume…

Read more
March 13, 2023 BY Steffy Bogdanova

HSBC acquires UK’s Silicon Valley Bank for £1

Noel Quinn, the CEO of HSBC Group, commented: This acquisition makes excellent strategic sense for our business in the UK. It strengthens our commercial banking franchise and enhances our ability to serve innovative and fast-growing firms, including in the technology and life-science sectors, in the UK and internationally. The UK Financial Conduct Authority issued a…

Read more