Daily market commentary: The greenback is under pressure, devaluing 5% in relation to a basket of other major currencies LeapRate

December 05, 2022 BY Steffy Bogdanova

Daily market commentary: The greenback is under pressure, devaluing 5% in relation to a basket of other major currencies

European Shares European stocks traded sideways at the beginning of the new trading week, while Asian shares closed higher overnight, as positive sentiment prevailed following reassuring developments in China. Risk appetite is on the rise on Monday and investors are driving equities and commodity-related markets higher after Beijing increased the prospect of higher demand from…

December 05, 2022 BY Steffy Bogdanova

Integral’s November ADV drop nearly 16% YoY

Compared to November 2021, ADV dropped 15.8%. Integral provides cloud-based SaaS FX workflow solutions for a variety of buy-side FX market participants, such as banks, brokers, asset managers, and hedge funds. Last month, global brokerage firm Capital.com selected Integral’s cloud-based FX workflow automation technology, IntegralFX.

BUX acquires retail brokerage arm of Spanish neobroker Ninety Nine

December 05, 2022 BY Steffy Bogdanova

BUX expands presence in Spain, acquires retail brokerage arm of Ninety Nine

The official announcement also noted that Ninety Nine will continue to operate but it will be focused on its B2B & B2B2C arms. Javier Sanz Álvarez, CEO and founder of Ninety Nine, said: We have been working for over a year and a half on our B2B strategy, and while it was a difficult decision,…

December 04, 2022 BY Steffy Bogdanova

Court orders Coin Signals operator to pay $2.8 million in a CFTC case

Spence pleaded guilty earlier this year in a fraud case for soliciting individuals to invest in digital assets including bitcoin and ether from December 2017 through April 2019. During this period, Spence fraudulently solicited and obtained over $5 million of digital assets such as bitcoin and ether from 175 user accounts. Earlier in May, Spence…

December 02, 2022 BY Steffy Bogdanova

CME Group and CF Benchmarks announce plans to launch new DeFI reference rates

CME CF Reference Rates and Real-Time Indices include Aave, Curve and Synthetix. The new benchmarks will ger pricing data from several crypto exchanges and trading platforms, starting initially with Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital. Each coin will trade on a minimum of two of these constituent exchanges. Sui Chung, CEO of CF…

December 02, 2022 BY Steffy Bogdanova

Interactive Brokers sees 30%YoY drop in DARTs in November

The broker ended the month with client credit balance of $96.0 billion, including $2.4 billion in insured bank deposit sweeps. The number came in 10% higher than in November 2021 and 1% above the prior month. In addition, the client accounts on the platform increased 26% YoY and 1% MoM to 2.07 million in November…

December 02, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index touches the lowest level since June

European Shares Stocks in Europe extended the uncertain trend registered overnight in Asia, drifting slightly lower, as investors brace for today’s highly awaited US job report. This week’s optimistic tone brought by Fed chairman, Jerome Powell’s, less aggressive stance as well as the prospect of an economic reopening in China, is being tempered on Friday…

December 02, 2022 BY Steffy Bogdanova

FXSpotStream reports ADV of $67 billion in November

On yearly basis, however, last month’s ADV was 31% higher compared to November 2021. In November 2022, FXSpotStream’s overall volume stood at $1.48 trillion. The numbers were 2% up from the $1.45 trillion, recorded last October. The overall trading volume of the firm has surpassed $1 trillion every month since the beginning of the year.…

December 01, 2022 BY Steffy Bogdanova

FCA warns CFD brokers against problematic tactics and bad practices

Sarah Pritchard, Executive Director of Markets at the FCA said: We have set out the standards we expect CFD firms to demonstrate in order to protect consumers and ensure market integrity. CFD providers authorised in our regime must sell products appropriately, and when the new consumer duty comes into effect, will need to ensure that…

December 01, 2022 BY Steffy Bogdanova

TP ICAP obtains FCA registration for institutional crypto exchange

The platform will use the TP ICAP’s electronic OTC platform, Fusion, to give clients access to a non-custodial cryptoasset exchange for order matching and trade execution. Fusion Digital Assets will offer diversified liquidity from market makers around the world to its clients. Trenholme added: Over time, we believe blockchain will lead to the tokenisation of…