Managing Director and Head of Sales, Americas, Jose-Antonio Buenaño said: Brazil is a tremendous market for us, and one of the fastest-growing participants in currency trading globally. Edgewater believes strongly in ‘boots on the ground,’ where our uniquely experienced FX professionals, armed with unparalleled local knowledge, are closest to the markets, developments and players. With…
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Between October and December, other income rose to $107 million from $104 million in Q4 2021. This figure was comprised of $58 million related to the company’s investment in Up Fintech Holding Limited (Tiger Brokers), $34 million related to currency diversification strategy and $6 million remeasurement of its Tax Receivable Agreement liability. During the fourth…
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According to the official filing, the broker’s pre-tax profit skyrocketed 362% to £1.34 million from £290,719 in the previous year. Infinox recorded net profit of £1.06 million for the year. Тhe client assets under management for the period rose to more than £14.3 million, registering a 65% compared to the previous year’s £8.68 million. The…
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Established in 2009, Acadia provides risk management, margining and collateral services to global financial institutions for the uncleared derivatives markets. The company’s risk and margining products cover all OTC derivative asset classes and offer direct connectivity to more than 2,000 market participants. According to the official announcement, Acadia enables more than $1 trillion in collateral…
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Ravi Raju, Head of International Wealth Management, Nomura, said: Dubai has long established its importance in the Middle East, Indian subcontinent and Africa for entrepreneurs and families as a base to grow their international presence from. We welcome the chance to be a part of this exciting growth opportunity to offer our International Wealth Management…
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John Deters, Chief Strategy Officer, Cboe Global Markets, said: Together with our partner firms, we will look to explore opportunities across digitization, including discovering new areas of tradable products specific to managing digital asset risk, building new digital technology in a safe and compliant way, and helping craft the future of digital assets with proven…
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Binance’s initial bid for acquisition was rejected and rumors surfaced that the reason for the rejection was alleged concerns of national security threats to the US government. In his interview with Bloomberg, CZ denied the rumors and said that FTX might have spread them. He stated: There was never any concerns about us participating in…
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The crypto exchange FTX collapsed last week following a liquidity crunch and a subsequent hack which drained millions of dollars from the company which was already in a tough spot. As allegations of customer fund misappropriation surfaced and prompted regulatory scrutiny, investors are reluctant to provide capital to the exchange. Last week, FTX founder Sam…
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Blackledge continued to say: We cater for professional traders and brokerages of all sizes, with different requirements and objectives. To meet these needs, we have developed a long list of crypto products to make our offering as versatile and appealing as possible especially in these volatile times that digital currencies are going through. The FCA-regulated…
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The trading volume in 2021 remained almost flat at $195 billion, just slightly below 2020’s $196 billion. The decrease was driven by a 12% fall in the number of trades on the trading platform, coming in at 8.6 million from 9.8 million. The number of new clients also suffered a loss with 3,947 clients onboarded…
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