Client numbers were also down Robinhood saw significant drops in client metrics, as well. Monthly active users on the platform decreased 10% to 15.9 million for March 2022, compared with 17.7 million for March the previous year. The numbers were also down 8% form the end of December 2021. The broker attributed the decline to…
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Mark Govoni Govoni joins the company from Instinet where he’s worked since 2012. Most recently he served as President of U.S. Brokerage after being in the position of Head of U.S. Sales Trading. Before that, he served as Managing Director at Nomura Securities International. While there he was responsible for U.S. Execution Services. Earlier in…
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Additionally, GCEX strengthened its partnerships with Tier 1 Liquidity Providers, lending counterparties and digital custody asset solutions. Lars Holst, Founder and CEO, GCEX said: 20/21 was a transformative period for GCEX and we experienced rapid growth. Our strong financial results reflect both an increase in our market share and an increased market acceptance of digital…
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Sean O'Connor, CEO of StoneX, said: Through increased support from our existing bank group as well as through a number of key new relationships, we are excited to announce the renewal and expansion of this important credit facility. With the support of this expanded group of bank partners, we look forward to continuing to expand…
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Equinix saw strong increases in revenue amid a jump in demand of its services. In 2022, the digital infrastructure company expanded its global presence in Munich, Chile and Peru and acquired West African data center and connectivity solutions provider MainOne. Next quarter outlook The company stated that for the second quarter of 2022, it expects…
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Phil Morris, CEO of Reactive Markets, said: As FX trading firms look to improve their execution quality and drive down costs, we have seen significant interest from clients wanting to use the Switchboard network to trade on a fully disclosed basis, directly with all of the leading Liquidity Providers at zero cost. Client demand has…
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Christina Koullapi added: The most significant spread reductions vary between the FX pairs, but these can go up to 90% on Exotics, 75% on Minors, and 63% on Majors. Reduced trading expenses offer a more favorable environment, especially for active traders who regularly open and close market positions. By modifying our business model when the…
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The new tool evaluates closed positions and presents the analytics in comprehensive chart formats. It offers traders an overview of their trading history and performance by displaying their preferred trading times, most used position types, and more. Trade Companion is available on BDswiss Dashboard and offers key performance metrics, such as asset analysis, personal trading…
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New role Saward commented: I am very excited to be chosen to help lead INFINOX into its next phase. INFINOX has a strong brand and an innovative team, with compelling ideas for the future. I am looking forward to putting my experience to good use as Executive Management for the global strategy team. In his…
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Noel Quinn, the Group Chief Executive at HSBC, commented: I’m encouraged by our start to the year. Our strategy is on track, with organic growth and good momentum across most parts of the Group. While profits were down on last year’s first quarter due to market impacts on Wealth revenue and a more normalized level…
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