The daily average in forex trading came in at $6.9 billion, up on monthly, as well as yearly basis. Equities registered decline in demand to $192.1 million, lower than May’s $220.1 million. The asset class did register recovery compared to June 2021 by gaining nearly 52%. Fixed income instruments brought in $15.6 million registering a…
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The latest round of capital will be used for OpenFin OS’s expansion. This software is already being used by 23 of top 25 global banks as well as many of the world’s leading asset managers and financial services vendors. ING started using OpenFin’s technology in 2021 to accelerate their desktop transformation strategy. The company’s employees…
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The firm also revealed last month that it gained regulatory approval by the FSA in Denmark as a Virtual Asset Service Provider (VASP) and a Currency Exchange. GCEX is also regulated by the UK’s FCA. Dubai is recently gaining popularity as a hub for the Virtual Asset (VA) industry. It is currently the first and…
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As Chief Marketing Officer, Laabi will lead the marketing and communication efforts for the firm’s expansion plans in the region. Abdelhadi Laabi, Emporium Capital’s new Chief Marketing Officer said: I’m really looking forward to activating Emporium Capital’s growth plans and helping the brokerage reach new heights. I’m joining an incredibly motivated team of highly experienced…
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The total trading volume on the Equity and Bond Market also witnessed recovery reaching RUB 1.53 trillion. The numbers were 53.8% higher from May when it was RUB 995 billion. On yearly basis, this was still a 60.4% drop. Trading volume in RDRs, shares, and investment fund units increased by 52.33% MoM to RUB 909.3…
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BGC is establishing electronic platforms and voice / hybrid listed brokerage desks in major financial centers in anticipation of an active OTC wholesale cryptocurrency marketplace, so that it can facilitate the expected growth in this sector. Brad Howell, CEO Asia Pacific* for BGC, commented on today's announcement: We are delighted to partner with Cumberland and…
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Additionally, the AIFM licence carries a passporting regime which allows CoinShares to provide and market services and products throughout the European Union. The deal will also boost the company’s offering by leveraging active investment strategies based on algorithmic trading and artificial intelligence for digital assets built by Napoleon Asset Management quants teams. Jean-Marie Mognetti, Chief…
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The ADV registered a 30% rise compared to the same period during the previous year. In June FXSpotStream’s overall volume stood at $1.40 trillion. The numbers were up from the $1.28 trillion, recorded in May 2022. The June ADV numbers are based on 22 trading days.
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Finalto noted that it has been testing the platform with a number of clients and it is now ready to make it available for all liquidity clients. The company highlighted the role investing it its liquidity team in the development of the analytics platform. Biggs added: We have that [capability] in-house, it’s all in-house built,…
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Out of the total number, investment scams accounted for the highest loss with $701 million in 2021, followed by payment redirection scams and romance scams which with losses of $227 million and $142 million, respectively. The increasing popularity of cryptocurrency has contributed to the growing amount of investment scams, according to the report. The ACCC…
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