CMC Markets confirms plans to split into leveraged and non-leveraged divisions LeapRate

November 15, 2021 BY Steffy Bogdanova

CMC Markets confirms plans to split into leveraged and non-leveraged divisions

CMC Markets has decided to split into a leveraged division which consists of the leveraged trading and spreading business part of the business and into a non-leveraged arm which includes technology and new investment products platforms. The news of the separation follows the news of CMC Markets lowering its expectations for operating income in the…

November 12, 2021 BY Steffy Bogdanova

HSBC and Saxo partner to expand digital investment offerings in Singapore

Adam Reynolds, APAC CEO, Saxo, commented: Singapore will be the first in HSBC to adopt our trading platform, and we are excited to be combining natural synergies from both companies to deliver an enhanced trading and investment experience for HSBC customers. Saxo’s OpenAPI technology provides best-in-class efficiency and scalability investment and trading architecture, while allowing…

November 12, 2021 BY Steffy Bogdanova

IG Group completes comprehensive debt refinancing

Additionally, the company committed £300 million revolving credit facility (RCF) with an initial maturity of three years. IG has the ability to request a further increase in the RCF size to £400 million, as well as two maturity extensions of up to one year each. The refinancing also involved repayment and cancellation of the IG’s…

November 12, 2021 BY Steffy Bogdanova

Integral average daily volumes reach $50.5 billion in October 2021

This represents a 12.5% MoM rise compared to September 2021 The October ADV reached 15.3% growth compared to the same period in 2020. The broker’s ADV encompasses volumes traded across the group’s liquidity network which includes TrueFX and Integral OCX, in aggregate. Earlier this week, FXCM Pro and Integral unveiled a centrally cleared platform for…

November 09, 2021 BY Steffy Bogdanova

Robinhood data security breach exposes 7 million clients’ information

According to the official statement, the attackers obtained a list of email addresses for five million people and a list of the full names of two million other people. Additional personal information, such as name, date of birth and zip code for 310 people also leaked, as well as a subset of 10 customers had…

November 04, 2021 BY Steffy Bogdanova

Robinhood introduces Directed Share Programs allowing retail investors to buy into IPOs

The new feature allows the company to reserve shares, at the IPO price, for a specific group of people. Robinhood helps allocate these shares to the chosen individuals through the program. The invited by the issuer individuals to take part in the DSP at the IPO price can then use the Robinhood app to request…

November 03, 2021 BY Steffy Bogdanova

Dukascopy adds 10 new instruments to crypto offering

Among the new additions are Cardano, Aave, Basic Attention Token, Compound, Enjin, Chainlink, Polygon, Maker, Uniswap, and Yearn Finance. All of the new cryptocurrencies have been added against the US dollar. The total number of crypto instruments on the Swiss online trading platform is now 19. The announcement noted that the additional crypto instruments are…

November 02, 2021 BY Steffy Bogdanova

Interactive Brokers reports a 31% YoY surge in DARTs in October

In October, the brokerage also recorded 1.58 million client accounts, 57% up compared to the previous year and 3% higher than prior month. Annualized average cleared DARTs per client account stood at 333. The company also noted that average commission per cleared Commissionable Order was $2.48 including exchange, clearing and regulatory fees In September, Interactive…

November 02, 2021 BY Steffy Bogdanova

TP ICAP sees 15% rise in Q3 revenue

Agency Execution made the biggest splash with +353% surge in generated revenue. The company attributed this to the inclusion of Liquidnet, which brought £51 million in Q3. Excluding Liquidnet earnings, the division’s revenue grew 13% to £17 million. Liquidnet was acquired earlier this year. Parameta Solutions, Data & Analytics revenue rose by 9% to £37…

November 02, 2021 BY Steffy Bogdanova

PrimeXM posts $1.10 trillion in total trading volumes in October

PrimeXM Data Centre in London LD4 registered $877.53 billion in notional value, almost 80% of the total monthly volume. The Data Centre NY4 remained in second place with $122.79 billion in monthly trading volume. TY3 reached $99.35 billion in October. The newly established SG1 data center, processed $359 million. XAUUSD remains consistent as the favouruite…

Category: Brokers