Spectrum Markets
October 19, 2022 BY Steffy Bogdanova

Spectrum Markets sees turnover jump of 136% in Q3

Furthermore, the total value turnover for the quarter hit €836 million, recording an increase of 136% on yearly basis. During the second quarter of 2022, the company's total value of turnover stood at €879 million in Q2, up by 250% year-on-year. Nicky Maan, Spectrum Markets CEO, commented: I’m very happy to announce another strong quarter,…

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October 19, 2022 BY Steffy Bogdanova

Daily market commentary: UK consumer prices return to levels not seen for 40 years

European Shares Share markets pared earlier gains on Wednesday, extending Asian losses while US futures also point to a lower open. This bearish sentiment remains mostly driven by profit-taking moves after benchmarks hit key resistance levels, following a two-day rally, while major uncertainties linger. EU stock investors have been disappointed by a higher-than-estimated UK CPI report earlier…

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Alpha FX Group hires Tim Powell
October 19, 2022 BY Steffy Bogdanova

Alpha FX Group appoints Tim Powell as Chief Financial Officer

Prior to joining the London Stock Exchange Group in 2005, Powell started his career at CLB Littlejohn Frazer and British Telecom Group. Morgan Tillbrook, CEO commented: Tim Powell's appointment followed a meticulous selection process, and the advance notice of Tim Kidd's retirement gave us the opportunity to cast the net far and wide and conduct…

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Interactive Brokers
October 19, 2022 BY Steffy Bogdanova

Interactive Brokers registers 70% increase in revenue in Q3

Between July and September, pre-tax income came in at $523 million, with the adjusted figure at $580million. These numbers were up from the figures of the third quarter the previous year – $234million and $420million, respectively. During the third quarter, other income came down to $48 million from $170 million. This figure was improved by…

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October 18, 2022 BY Steffy Bogdanova

Devexperts adds spread betting to DXtrade trading platform

Full apps control for brokers Furthermore, DXtrade offers brokers brand recognition and total control of their mobile applications. All frontends are branded with the customer’s logo and the mobile apps launched on app stores with a unique link for each broker. DXtrade is connected with several of the most popular liquidity providers and hubs, including…

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Daily Market Commentary
October 18, 2022 BY Steffy Bogdanova

Daily market commentary: Sterling bounced back against the dollar

European Shares Most EU benchmarks held their gains on Tuesday, extending the bullish sentiment confirmed overnight in Asia, as the rebound continues. Investors keep pushing stock indices higher following the rebound over the annual lows at the end of last week, and growing risk appetite can now be seen across different asset classes such as…

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October 18, 2022 BY Steffy Bogdanova

CME Group expands its TOPIX futures offering

Tim McCourt, Global Head of Equity and FX Products, CME Group, said: The addition of U.S. dollar-denominated TOPIX futures represents a natural extension of our Japanese index offerings as we aim to become the primary international venue for trading Japanese equity benchmark products. We are pleased to extend our partnership with JPX in launching this…

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