Daily Market Commentary
January 05, 2023 BY Steffy Bogdanova

Daily market commentary: The US dollar hedged up, following the release of the latest Fed minutes

European Shares Stocks registered a smooth decline in Europe on Thursday, as benchmarks pulled back towards newly established support levels following a three-day winning streak. Healthcare and consumer cyclicals are among the top losers today, while the real estate sector and energy shares prevented indices from falling much deeper. The STOXX-50 index is trading 0.50%…

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January 05, 2023 BY Steffy Bogdanova

SEC charges CoinDeal Crypto Scheme creator in a $45 million fraud

According to SEC, CoinDeal was never sold and no distributions were made to its investors. Furthermore, the defendants misappropriated millions of dollars of investor funds for personal use. Chandran even used the investment funds t buy cars, real estate, and a boat. Daniel Gregus, Director of the SEC’s Chicago Regional Office, said: We allege the…

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January 05, 2023 BY Steffy Bogdanova

CME Group sees a 19% jump in ADV in 2022

The Group stated: ADV outside the United States increased 15% to 6.3 million contracts, including 30% growth in Latin America, 27% in Asia, and 10% in EMEA. Q4 and December 2022 During the fourth quarter of 2022, CME Group recorded Equity Index ADV increase of 26% and a forex ADV jump of 25%. Additionally, SOFR…

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January 04, 2023 BY Steffy Bogdanova

State Street appoints Andreas Przewloka as CEO for State Street Bank International

Przewloka joins StateStreet from UBS where he held various senior leadership positions. Most recently he was chief operating officer of Frankfurt-based UBS Europe SE. Joerg Ambrosius said: Andreas brings the financial services experience and leadership needed to continue to drive State Street’s strategy and growth across Continental Europe. He is a seasoned and well-respected executive,…

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Interactive Brokers
January 04, 2023 BY Steffy Bogdanova

Interactive Brokers reports 21%YoY fall in DARTs in December

The broker ended the month with client credit balance of $95.2 billion, including $2.4 billion in insured bank deposit sweeps. The number came in 9% higher than in December 2021 and 1% lower the prior month. However, client accounts on the platform increased 25% YoY and 1% MoM to 2.09 million in December 2022. Interactive…

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FXSpotStream
January 04, 2023 BY Steffy Bogdanova

FXSpotStream sees $58 billion in December ADV

On yearly basis, however, last month’s ADV was 34.3% higher compared to December 2021. In December 2022, FXSpotStream’s overall volume stood at $1.27 trillion. The numbers were 14.2% down from the $1.48 trillion, recorded last November. The overall trading volume of the firm has surpassed $1 trillion for every month of 2022. The December ADV…

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Daily Market Commentary
January 04, 2023 BY Steffy Bogdanova

Daily market commentary: The euro is on the front foot versus the dollar, as optimism takes over market sentiment

European Shares European shares extended gains registered overnight in Asia on Wednesday, as the New Year’s rally looks set to continue this week. Risk appetite stays on the rise today, despite mixed macro data from the old continent, as investors cheered positive news from China after Beijing is said to be considering extended support measures…

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Dennis Austinat named DACH Region Managing Director at Trive
January 03, 2023 BY Steffy Bogdanova

Trive appoints Dennis Austinat as DACH Region Managing Director

Engin Çubukçu, Trive’s CEO and Chairman, commented: Trive welcomes Dennis and his extensive industry experience makes him a great addition to the team. The DACH region is a key market for Trive. Its investors are sophisticated and eager to grow their investments. As an industry veteran, Dennis understands the clients’ needs well and will be…

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