Category: Financial Services

Cboe
February 03, 2023 BY Steffy Bogdanova

Cboe FX revenue up 14% in Q4 2022 to $16.9 million

The average daily notional value of forex trading on Cboe FX came in at $40.8 billion for Q4 2022, registering a 21% rise compared to the same period the previous year. In the official announcement, the company noted that Cboe FX commanded 18.4% of the market share, compared to 16.8% in last year’s final quarter.…

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Deutsche Börse
February 03, 2023 BY Steffy Bogdanova

Deutsche Börse’s cash markets rise 16% MoM in January

Trading volumes on Börse Frankfurt in January 2023 came in at €3.01 billion (December 2022: €2.19 billion). Last month, Equities on Deutsche Börse generated €89.33 billion and trading in ETFs/ETCs/ETNs accounted for €16.09 billion of the turnover. Bonds recorded €0.44 billion, certificates €1.03 billion and funds brought in €0.05 billion. Linde plc was the DAX…

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February 01, 2023 BY Steffy Bogdanova

eToro and Bridgeweave team up to launch an AI portfolio targeting high-growth US companies

Among the firms included in the first portfolio are Array Technologies, Monster Beverage Corp., McDonald’s and Johnson&Johnson. However, eToro noted that the portfolio is not available to its US users. Bruce Keith, CEO at Bridgeweave said: Wealth management is being disrupted by changing demand from next-gen digital investors who will transform an underprepared industry. Partnering…

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Ed Keller steps down as Head of Prime Brokerage at Morgan Stanley
January 27, 2023 BY Steffy Bogdanova

Morgan Stanley imposes $1million penalties on bankers for using WhatsApp for official business

Reuters further reported that the penalty amounts were determined by the number of messages sent, seniority and whether the employees had already received warnings, as well as other factors. In 2020, Morgan Stanley fired two senior employees at its commodity division for using personal messaging apps. US regulators require broker-dealers to keep records of all…

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Broadridge
January 26, 2023 BY Steffy Bogdanova

FLX Networks partners with Broadridge as a data and analytics provider

In each of these scenarios, FLX will use Broadridge analytics and insights offerings to power the distribution services that FLX provides to asset managers. FLX’s clients will also have access to Broadridge’s sales analytics, market analytics and Global Market Intelligence (GMI) products on the FLX platform to provide market and product analysis to drive more…

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January 24, 2023 BY Steffy Bogdanova

Plum launches its personal finance app in five European countries

According to Plum estimates, the app has 1.5 million users across Europe and has handled more than €1.79 billion. Victor Trokoudes, co-founder and CEO of Plum, commented: We’re delighted to bring Plum to five new European countries and help people manage their finances there. This is a challenging economic period as people are experiencing levels…

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SEC
January 24, 2023 BY Steffy Bogdanova

SEC fines Bloomberg $5 million for misleading disclosure on fixed income securities

Osman Nawaz, Chief of the Division of Enforcement’s Complex Financial Instruments Unit, said: Bloomberg has assumed a critical role as a pricing service to participants in the fixed-income markets and it is incumbent on Bloomberg, as well as on other pricing services, to provide accurate information to their customers about their valuation processes. This matter…

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Broadridge
January 18, 2023 BY Steffy Bogdanova

Broadridge and IGM Financial extend partnership

Broadridge Wealth Platform is a scalable platform powered by an aggregated data layer. The open, component-based ecosystem is designed to help firms boost their effectiveness and optimize their productivity and digitization of enterprise operations. The solution provides end-to-end services for MDFA and IIROC advisors in a single platform. As part of the expansion of their…

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January 17, 2023 BY Steffy Bogdanova

Equals Group reports 59% increase in 2022 revenue

The official announcement stated: The underlying performance was even better as 2021 included the 'one-off' revenue from a material trade of £1.5 million and gross profits of £0.8 million. Equals noted that the increase in EBITA in 2022 was also contributed by the company’s continued investment in future growth resources, including the addition of headcounts…

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