The ADV also dropped by 16.5% in October, compared to the same period in 2021. However, electronic marketplaces operator recently reported a 8.2% increase in its trading volume during the third quarter of the year to $287.1 trillion
Read more
Jason Woerz, President of 24 Exchange, said: The recent growth of our NDF platform is a testament to our unwavering attention to providing our clients with the best possible trading experience and platform. Additionally, 24 Exchange shared its expectations to see continued growth not only in its FX NDF trading volumes, but in other assets…
Read more
Operating Expenses also increased, reaching €824 million, a 14% rise on yearly basis. The company noted earnings per share increased 92% to €11.9 per share, reflected the increase in net profit. Lieve Mostrey, Chief Executive Officer, Euroclear, said: The group benefits from a diversified business model which allows us to focus on supporting clients through…
Read more
Tradeweb further reported that its net income for the period came in at $81.6 million and adjusted net income at $106.5 million. The figures increased by 24.9% and 13.1% respectively compared to the previous year. The adjusted EBITDA margin stood at 51% and adjusted EBITDA for the quarter was $146.3 million, compared to 50.1% and…
Read more
The announcement comes after Invast Global established its first European office in Cyprus as part of its strategy to build a global network of distribution channels. The acquisition of GMO-Z.com will provide Invast Global with access to a deep pool of talent, particularly in the areas of quantitative trading and market making, as well as…
Read more
D3 Lite provides key features to automate and enhance pricing and distribution through an intuitive GUI, together with additional auditing functionality. Peer Joost, CEO of DIGITEC, commented: We are already witnessing the Swap market’s rapid growth and continued evolution to a more automated and electronic market. A trend that will continue over the next few…
Read more
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…
Read more
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.…
Read more
Ian Lowitt, Marex CEO, commented: This is the first stage in acquiring the ED&F Man Capital Markets business and is an important step for our firm. These two businesses are a great fit, creating increased scale, a broader product range and deeper teams. We are adding a large number of new clients and some great…
Read more
Alireza Dorfard, Head of Market Data + Services at Deutsche Börse, said: The cooperation marks the latest step in an ongoing effort to expand our market data offering for our clients. Following our cooperation with Bolsa Mexicana, concluded in April, this is now our second collaboration with a Latin American stock exchange. Access to Santiago…
Read more