Between October and December, other income rose to $107 million from $104 million in Q4 2021. This figure was comprised of $58 million related to the company’s investment in Up Fintech Holding Limited (Tiger Brokers), $34 million related to currency diversification strategy and $6 million remeasurement of its Tax Receivable Agreement liability. During the fourth…
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The official announcement stated: The underlying performance was even better as 2021 included the 'one-off' revenue from a material trade of £1.5 million and gross profits of £0.8 million. Equals noted that the increase in EBITA in 2022 was also contributed by the company’s continued investment in future growth resources, including the addition of headcounts…
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To further meet customer needs, Monex recently announced its intention to begin offering US equity margin account services. The launch has been delayed due to system issues, however, the group noted that the service will be available next week. Monex stated: With US equity margin trading, investors can trade twice the amount of their original…
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European Shares Share markets extended their bearish pull-back in Europe on Tuesday, alongside Asian stocks, and US futures, as the slight “risk-off” trading stance continues. Market sentiment remains mixed this week as investors continue to take some profit, and await further bullish catalysts after the recent reassuring macro developments. The current slide, led by tech…
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Meanwhile the bank of Canada reached 4.25% last month and seems likely to call for another single hike next week. Inflation in Canada isn’t at the same crisis area as in the EU and seems to be dropping more quickly as well, so it might be that the end of this cycle of tightening is…
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The group’s structure will be unaffected by the rebrand, as Raj Sitlani remains as Managing Director of iSAM Securities and Jonathan Brewer as Commercial Director. The company also noted that the rebrand will not impact the company’s clients. Additionally, as part of the rebrand the company is launching new websites: securities.isam.com, prime.isam.com and risk.isam.com. Robinson…
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Additionally, the derivatives marketplace operator also reported that average daily volume (ADV) of SOFR futures and options traded reached 4.7 million contracts in the first two weeks of January. CME Group stated in the official press release: Month-to-date January 2023 SOFR futures ADV is equivalent to 572% of Eurodollar futures ADV and SOFR options ADV…
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As Co-COO and Head of Equities, Yiu will continue oversee the operation of HKEX’s cash, derivatives, clearing and depository businesses. Additionally, he will also continue to serve as Chief Executive of both The Stock Exchange of Hong Kong Limited and Hong Kong Futures Exchange Limited. As the new Head of Listing , Katherine Ng will…
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Court filings reveal around 117 interested parties have lined up for FTX’s subsidiaries. The collapsed crypto exchange’s lawyers sought after the sale of the assets earlier in December citing loss of value. Cypriot regulator CySEC suspended the FTX Europe's license and FTX Japan’s operations were suspended. It recently came to light that FTX’s liquidators have…
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European Shares Stocks slid lower at the beginning of a new trading week in Europe, after Asian shares registered patchy performances overnight, as bullish sentiment takes a break. Consumer cyclicals and tech shares are among the worst performers today, while healthcare and energy stay as the most resilient sectors, preventing the STOXX-600 from falling further.…
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