Interactive Brokers Group Shares Monthly Metrics

Interactive Brokers Group has disclosed its brokerage metrics for October 2023. The report indicates a slight decrease (2%) in Daily Average Revenue Trades (DARTs) to 1.943 million compared to the previous year but an increase (8%) from the previous month.

Client equity has seen a substantial year-over-year (YoY) uplift, although there was a slight dip compared to the previous month. The report also shows a rise in client margin loan balances and a stable improvement in client credit balances. The number of client accounts continues to grow, reflecting the broker's expanding customer base.

RoboForex Introduces New Commission Models

RoboForex has introduced new commission structures for its CopyFX service on the MT5 platform, offering Performance Fee and Subscription Fee models. These models are designed to benefit both traders and investors, aligning traders' earnings with the profits of their investors.

The Performance Fee model allows traders to earn a share of the profits from the trades copied by their subscribers, while the Subscription Fee model provides a fixed commission. This symbiotic approach aims to incentivize traders to improve their strategies, thereby potentially increasing profits for both parties.

CopyFX on MT5 also boasts a low minimum deposit requirement and advanced trading tools, enhancing its appeal to traders and investors alike.

Bitfinex Expands Language Support

Bitfinex, a leading digital token trading platform , has announced the addition of Vietnamese language support to cater to its growing Vietnamese-speaking user base. This move is part of Bitfinex's commitment to making its platform more accessible globally.

Vietnamese traders can now navigate the platform in their native language, trade a wide range of digital assets, and access comprehensive resources to improve their trading knowledge. Bitfinex's platform now supports eight languages, reflecting its international expansion efforts.

"Vietnam is one of the most dynamic and fastest-growing crypto markets globally. We already have a substantial base of Vietnamese customers who have chosen Bitfinex for their digital asset trading needs," stated Paolo Ardoino, the CTO of Bitfinex.

SIX and BME Exchanges Report Monthly Figures

SIX Swiss Exchange and BME Exchange have released their combined trading and listing figures for October 2023. The data shows an increase in turnover in both CHF and EUR compared to the previous month, with a YoY boost of 11% as well to CHF 125,133 million (EUR 130,301 million). However, there has been a significant year-to-date decrease in turnover and transactions.

Deutsche Börse Cash Market Trading Volumes

Deutsche Börse's cash markets saw a turnover of €95.58 billion in October 2023. Xetra accounted for the majority of this turnover, with an average daily trading volume of €4.22 billion.

Equities dominated the trading volume, followed by ETFs/ETCs/ETNs, and bonds. SAP SE was the most traded stock on Xetra, while the iShares Core MSCI World UCITS ETF led the ETF segment.

Financial Markets Authority's Regulatory Updates and Warnings

The Financial Markets Authority of New Zealand has issued warnings against Vaquita Capital and MaxTradeCap, advising caution due to signs of potential scams and false claims.

Additionally, CTRL Investments Limited received an infringement notice for failing to file financial statements on time, emphasizing the importance of timely and reliable financial disclosures.

Hong Kong's SFC Endorses New Fund Distribution Platform

The Securities and Futures Commission (SFC) of Hong Kong has expressed support for a new integrated platform for the distribution of retail funds. This platform is part of a broader initiative by the government to synergize fintech with the real economy. Developed by the Hong Kong Exchanges and Clearing Limited, the platform will initially serve businesses and aims to streamline the entire distribution process for SFC-authorized funds.

Christina Choi, the SFC's Executive Director of Investment Products, highlighted that the platform is anticipated to create new business avenues, enhance market participation, and solidify Hong Kong's status as a premier global asset and wealth management hub.

Leadership Changes at Nomura Financial Products Europe

Nomura Financial Products Europe has announced the retirement of CEO Markus Sauerland, with Shogo Ohira set to take over the role. Ohira, who has a long-standing career with Nomura, will also maintain his position as Country Head of Germany.

Christoph Heins, a recent addition from Commerzbank, will become Deputy CEO. These leadership changes are part of Nomura's strategic positioning in the European market, with the transition supported by Sauerland's advisory role until the end of the financial year.