Brokeree integrates its Liquidity Bridge with DXtrade CFD trading platform LeapRate

April 11, 2023 BY Steffy Bogdanova

Brokeree integrates its Liquidity Bridge with DXtrade CFD trading platform

Following the integration with Liquidity Bridge, all brokers licensing DXtrade CFD will gain access to its technology of liquidity aggregation. The ‘plug-n-play’ implementation allows for quick integration cutting the need additional development or per-broker customization. The comprehensive solution is designed to manage large amounts of liquidity from several sources. Through it, brokers can connect several…

April 11, 2023 BY Steffy Bogdanova

Weekly data: EURUSD & USOIL price action before CPI

On the technical side the price on the fiber chart has found resistance on the upper band of the Bollinger bands last Tuesday and has since corrected to the downside. The Bollinger bands are contracting at the time of this report but volatility could pick up later in the week around publication hours of the…

April 06, 2023 BY Steffy Bogdanova

Saxo Bank sees 40% MoM jump in FX volume in March

The average daily volume (ADV) in forex instruments stood at $6.8 billion. The figure grew 23.6% on monthly basis and 3% on yearly. The brokerage firm reported that demand in Equities also registered an uptick. The volume in March was $259.9 billion, strengthening by 25% compared to February. On yearly basis, the asset class rose…

April 06, 2023 BY Steffy Bogdanova

Advanced Markets integrates with VertexFX platform

Adel Jibrin, the CEO and Managing partner of Hybrid Solutions, said: The integration of VertexFX Trading platform with Advanced Markets is a significant milestone. The partnership will provide VertexFX traders with access to institutional grade liquidity and advanced trading tools that were previously only available to institutional traders. The company is excited about the partnership…

Weekly data: Oil and Gold price action before the NFP

April 06, 2023 BY Steffy Bogdanova

Spot gold closing in on record highs at $2,075

ATH Likely to be Challenged Technically, limited resistance is evident on the weekly timeframe, following the breach of resistance from $1,988. This paves the way for a run at the ATH of $2,070. You may recall that I highlighted the daily timeframe’s price action in the Weekly Market Briefing, paying specific attention to a clear-cut…

April 05, 2023 BY Steffy Bogdanova

NAGA Group’s Q1 revenue falls 36%

NAGA stated in their update that the assets under custody have increased to EUR 35 million, representing a growth of 45% compared to the previous reported HY1 2022 figure of EUR 24 million. Additionally, the company said it lowered its monthly cost to an average of EUR 3.3 million during Q1 2023, a 40% decrease…

April 05, 2023 BY Steffy Bogdanova

Adam Wheelwright joins IG Group as Chief Technology Officer

Previously, Wheelwright held several positions at NatWest Group, including Managing Director, where he co-founded Bó, a digital retail bank, and served as its Chief Operating Officer. Additionally, he was the Chief Administrative Officer of NatWest Markets, the Group's capital markets arm, and led the £500 million digital transformation program. Wheelwright 's career began as a…

April 04, 2023 BY Steffy Bogdanova

Weekly data: Focus on the NFP for currencies this week

Dollar-loonie is likely to be highly active later this week because of the respective countries’ job reports on Thursday and Friday. Since the NFP has consistently been higher than expected in 2023 so far, it wouldn’t be very surprising to see a stronger result on Friday with a kneejerk higher for USDCAD. That could provide…

April 04, 2023 BY Steffy Bogdanova

GCEX launches XplorDigital trading platforms for crypto and CFDs/forex

Lars Holst, Founder and CEO, GCEX commented: The introduction of XplorDigital and our new platforms is a major step forward for GCEX, propelling us to the next level. At GCEX, we continually invest in and develop our technology in order to maintain our market leadership position and enhance our institutional clients’ experience through easy-to-use solutions,…

April 04, 2023 BY Steffy Bogdanova

FXSpotStream reports March ADV of $66.8 billion

On yearly basis, however, last month’s ADV dropped 4.8% compared to March 2022. Last month, FXSpotStream’s overall volume stood at $1.54 trillion. The numbers rose 22.2% from the $1.26 trillion, recorded in February 2023. The overall trading volume of the firm has surpassed $1 trillion for every month of 2022 and it is continuing the…

Category: Forex