Daily market commentary: Cautious trading stances prevail at the beginning of the new trading week LeapRate

European stock market experiences positive change

October 10, 2022 BY Steffy Bogdanova

Daily market commentary: Cautious trading stances prevail at the beginning of the new trading week

European Shares European shares opened on a mixed tone on Monday, after a sell-off in Asian stocks was registered overnight, as investors brace for the start of the earnings season. Cautious trading stances prevail at the beginning of this new trading week as traders continue to price in further hawkish moves from central bankers, especially…

October 10, 2022 BY Steffy Bogdanova

Alpha FX unveils a new website

The newly launched website follows the rebrand of the company in 2017. Alpha’s new website builds on its creative collaborations in the rebrand. Morgan Tillbrook founder-CEO said: When it comes to our brand and marketing, we have always stood by the belief that you don't need to be corporate to be credible, nor do you…

October 10, 2022 BY Steffy Bogdanova

Eurex interest rate derivatives jump 69%MoM in September

Notional outstanding volumes in OTC clearing also witnessed strong growth with 27% YoY. The Overall outstanding volume reached €26.286 billion at the end of last month. However, on Monthly basis, there was an 8.7% decrease from €28,792. Eurex also registered a surge in overnight index swaps of 108% YoY. Interest rate swaps also spiked 28%…

October 07, 2022 BY Steffy Bogdanova

Tradeweb reports $25.1 trillion trading volume in September

During last month, the average daily volume (ADV) stood at $1.20 trillion, up by 8% on monthly basis. The ADV grew by 17.2% in September, compared to the same period in 2021. Tradeweb further reported that during the third quarter of the year, its total trading volume reached $70.6 trillion, registering a 14% YoY rise.…

Financial Commission adds Vantage as itsnewest member

October 07, 2022 BY Steffy Bogdanova

Vantage announces partnership with the Financial Commission

Marc Despallieres, Chief Strategy & Trading Officer at Vantage, said: We’re extremely delighted to have partnered with the Financial Commission. We value our clients’ feedback and their trading experience with us, and we are pleased to have the support from a highly regarded external dispute resolution organisation like Finacom. The broker members and their customers…

October 07, 2022 BY Steffy Bogdanova

Daily market commentary: Share markets continue to drift lower in Europe

European Shares Share markets continued to drift lower in Europe on Friday, extending the bearish sentiment registered overnight in Asia, as investors digest disappointing corporate results ahead of today’s highly awaited US job report. Cautious trading stances prevail at the beginning of the last trading session of the week, as poor earnings from AMD and…

October 07, 2022 BY Steffy Bogdanova

CME Group appoints new Global Equity Index and Crypto heads

In their new roles, both Woolman and Vicioso will report to Tim McCourt, who recently became part of CME Group management team as Global Head of Equity and FX Products. McCourt has previously led both crypto and equity index products' business lines. Tim McCourt said: Our equity and cryptocurrency businesses have experienced tremendous growth in…

October 06, 2022 BY Steffy Bogdanova

LMAX Digital appoints Bryan Christian as Director of US Sales and Cassandra Cox as Director, Institutional Sales in Europe

Prior to LMAX Digitral, Christian has managed global sales teams at Cboe, NASDAQ and Bloomberg. Most recently, Coxy served as Managing Director of Institutional FX & Emerging Market Sales at Société Générale. Bryan Christian said: I joined LMAX Digital because it has a truly unique position in the marketplace. There is no other institutional exchange…

October 06, 2022 BY Steffy Bogdanova

CMC Markets expects 20% increase in net operating income in H1 2023

The first half of 2023’s leveraged net trading revenue is expected to reach £128 million, 27% up from the previous year’s £101 million. The expectation of net non-leveraged net trading revenue, however, is expected to fall 14% to £21 million from the £24 million in H1 2022. The company highlighted its new UK investment platform…

October 06, 2022 BY Steffy Bogdanova

ASIC cancels CMH Financial Group’s AFS licence

The watchdog further detailed that CMHFG failed to lodge its profit and loss statements and balance sheets for several financial years, inclduing 2019, 2020, 2021. ASIC noted that the cancellation of the license took effect on 25 August 2022. Earlier this year, the regulator the AFS licence of Dixon Advisory & Superannuation Services Pty Limited,…