Trading Income Swissquote faced challenges in 2022, which impacted most of its revenue streams. There was a 7.6% decrease in net income from fees and commissions, and a 14.3% drop in net eForex income due to lower trading volumes. The net income from crypto assets declined drastically by 72.9% to CHF 27.7 million. The platform's…
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In the US, the government took emergency steps to give banks more funding to weather the crisis. On Wednesday, however, the focus shifted to Europe, where Credit Swisse falling shares took down the European banking index. Credit Suisse is the first major global bank to receive such an emergency lifeline since the financial crisis in…
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Interestingly, we see a comparable picture on the CAC 40—the benchmark stock index from France—and the EU50, which is the Euro Stoxx 50 that houses the largest companies in Europe. The two charts are shown below. You will see that the CAC 40 displays a daily Quasimodo resistance-turned-support at 6,791 that is joined by RSI…
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The trading and settlement arrangements and start date for HKEX shares in RMB, under the HKD-RMB Dual Counter Model, will be announced at a later date. HKEX has recently introduced a new HKD-RMB Dual Counter Model in the securities market and a Dual Counter Market Making Programme to enhance liquidity for RMB Counters and reduce…
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The Chairman of CySEC, Dr George Theocharides, announced that the supervisory role will be expanded to include European Crowdfunding Service Providers (ECSPs) and Providers of Pan-European Personal Pension products (PEPP). The regulator also plans a technological upgrade in 2023 and an increased focus on investor education, including the establishment of an annual award for two…
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Prior to joining Scope Markets, Scope Markets spent his entire career within the forex industry at Equiti. According to his LinkedIn profile, he joined the group in 2016 as senior account manager, where he spent almost seven years. He also served as Vice President of Sales at Equiti in Jordan from May 2018 until his…
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According to securities filings, Mr Becker, SVB’s Chief Executive, and Mr Beck, the Chief Financial Officer, sold shares the week before the bank’s collapse. Becker sold $2.3 million worth of shares and Beck sold more than $575,000 worth of shares, which amounts to one third of his holdings in the company. SEC Chair Gary Gensler…
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The global fintech company noted that the third quarter was a “quieter quarter”, especially in December, when lower market volatility was observed compared to recent periods and the third quarter of the previous financial year. IG further highlighted the benefits of its diversification strategy which led to the exchange traded derivatives reaching £52 million revenue…
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The official announcement, released today, detailed that CQG has completed a FIX connection with Broadridge, which facilitates the direct transfer of order flow from CQG to Broadridge's infrastructure for routing to its network of exchanges and liquidity providers. The ongoing development aims to achieve a seamless workflow between the two systems, enabling customers to view…
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TP ICAP’s board has recommended to distribute 12.4 pence per share as a dividend to its shareholders at a 31% YoY increase. The global broking revenue increased by 13% on a reported basis and 7% on a constant currency basis, with a total of £1.25 billion. £302 million of this total was generated from FX…
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