Category: Forex

FXSpotStream
December 02, 2021 BY Steffy Bogdanova

FXSpotStream November ADV reach $51.54 billion

The company’s overall volume reached $1.134 trillion, surpassing the $1 trillion mark for a seventh time this year. The overall volume registered a 21.31% YoY increase compared to the same period last year. FXSpotStream’s ADV YTD rose 14.77% to $48.932 billion last month when compared to November 2020 The November ADV numbers are based on…

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December 01, 2021 BY Steffy Bogdanova

Weekly data: ‘buying the dip’ ahead of the NFP

Even before large losses at the end of last week, it already seemed fairly unlikely that the cartel would significantly boost production. With most members seemingly content with prices of Brent around $75-85 and various countries including Japan having released their strategic reserves of crude, there had been no clear calls among OPEC for increasing…

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December 01, 2021 BY Steffy Bogdanova

Jim Sullivan joins oneZero as General Counsel

oneZero noted that with a Bachelor of Science degree in Physics, Sullivan combines legal skills and scientific curiosity, which makes him a great fit for the company’s business model. Jim Sullivan commented: I’m delighted to be joining the oneZero team at this exciting juncture. The firm has a portfolio of world class proprietary solutions and…

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IG Group
December 01, 2021 BY Steffy Bogdanova

IG Group to sell Nadex and Small Exchange for $216 million

June Felix, CEO, IG Group, commented: We’re really excited by this deal, as it delivers a significant return on the previous investments made in Nadex and Small Exchange and enables additional investment across all our businesses. This deal also allows us to further sharpen our focus on integrating and expanding the US options and futures…

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November 30, 2021 BY Steffy Bogdanova

SteelEye releases automated reconciliation solution for MiFIR reporting

Regulators in the UK and EU working to enhance confidence in the financial markets by intensifying their enforcement action. SteelEye’s Three-Way Reconciliation solution is designed to helps firms address data integrity issues by automating the reconciliation process between the regulated firm, NCA and/or ARM. Matt Smith, Chief Executive Officer at SteelEye said: MiFID II has…

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November 30, 2021 BY Steffy Bogdanova

StoneX sees 14% increase in operating revenue in Q4 FY21

Sean M. O’Connor, CEO of StoneX Group Inc., stated: Although our fourth quarter earnings were below our long-term target, we were pleased to see that for the fiscal year we achieved record operating revenues and a 13.9% ROE. Last year included the significant non-recurring gain on our acquisition of Gain Capital Holdings, Inc. (“Gain”), adjusting…

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November 30, 2021 BY Steffy Bogdanova

Appital names Mike Wharton Head of Product

Wharton’s appointment follows the latest funding round which will accelerate the development of Appital’s technology infrastructure. It will also speed up its integration with financial institutions and technology vendors and allow expansion of their engineering team to support the delivery of their strategy. This process has already started with the recent announcements of Appital’s partnership…

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November 29, 2021 BY Steffy Bogdanova

Fortrade registers net profit surge of 576% in FY2020

The official Companies House filing said: The results for the year and financial position at the year-end were considered satisfactory by the directors who expect continued growth in the foreseeable future. Fortrade also shared its plans for future expansion: The filing added: The group continues to look for opportunities overseas and therefore, the directors expect…

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