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2023

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Retail FX

Predictions for 2023 - How Did They Stand Up?

  • Did 2023 live up to expectations?
  • Economies proved more resilient than expected, as did the crypto market.
  • On the downside, geopolitical upheaval increased while regulators dithered.
Friday, 15/12/2023 | 13:54 GMT by Paul Golden
Trending

The Frauds, AI and Regulation Surge: 2023 in 3 minutes

  • Here’s Finance Magnate’s wrap up of 2023, the good, the bad and the ugly.
  • The lead players: The SEC, Binance and CZ, Sam Bankman-Fried, The FCA, Mica and My Forex Funds.
Thursday, 14/12/2023 | 07:54 GMT by Louis Parks
Retail FX

SEC Distributes $1 Billion to Harmed Investors in 2023

  • SEC escalates enforcement with 784 actions in FY23.
  • The regulator also paid out a record number of rewards to whistleblowers.
Wednesday, 15/11/2023 | 09:22 GMT by Damian Chmiel
Institutional FX

FD Technologies' KX Unit Outshines as Company Reports Loss

  • FD Technologies showed a lack of profitability in the reported period.
  • Overall revenues shrank 3% to £142.5 million.
Tuesday, 24/10/2023 | 07:01 GMT by Damian Chmiel
Retail FX

Admirals Fails to Convert 96% More Active Users into Trading Profit in H1

  • Net loss came in at €4.8M, which is in stark contrast to a net profit of €24 million in H1 2022.
  • Similarly, the online trading group's revenue plunged 50% to €21.1 million.
Thursday, 31/08/2023 | 20:06 GMT by Solomon Oladipupo
Retail FX

Dukascopy Grapples with 80% Profit Decline in H1 after Upswing in 2022

  • The Swiss broker's trading income slumped 33% to CHF 9.6 million.
  • The firm reported its second-highest-ever profit last year.
Friday, 18/08/2023 | 18:46 GMT by Solomon Oladipupo
Retail FX

Swissquote's Net Revenue and Client Assets Reach Record Heights in H1 2023

  • Swissquote posted record-high net revenues, and all-time client assets peak.
  • Despite market challenges, Swissquote revises its full-year guidance upward.
Wednesday, 09/08/2023 | 06:03 GMT by Damian Chmiel
CryptoCurrency

Combined Crypto Spot and Derivative Exchange Volumes Sink to Yearly Low

  • Spot and derivatives volumes plummeted to $515 billion and $1.85 trillion, respectively.
  • Upbit beat Coinbase and OKX to become the second-largest exchange after Binance.
Thursday, 03/08/2023 | 13:35 GMT by Solomon Oladipupo
Retail FX

Interactive Brokers’ Customer Accounts Jump as Equity Reaches $386B in July

  • However, the brokerage's revenue shrank to $1 billion during Q2.
  • Interactive Brokers continues to seek growth through new offerings.
Tuesday, 01/08/2023 | 21:00 GMT by Solomon Oladipupo
Institutional FX

Institutional Spot FX Activities Return Mixed Performance in July

  • Cboe FX, FXSpotStream and Euronext FX reported a monthly drop in total volumes.
  • On the other hand, 360T reported a jump in aggregate volume last month.
Tuesday, 01/08/2023 | 18:53 GMT by Solomon Oladipupo
Retail FX

XTB’s Net Profit Plunges 12.2% in H1 despite Record New Clients

  • XTB blamed the lower revenue and profit on lower volatility during Q2.
  • The broker onboarded 167,000 or 65.5% more new clients during H1.
Wednesday, 26/07/2023 | 18:23 GMT by Solomon Oladipupo
Institutional FX

MultiBank Group Gets CySEC License, Eyes Going Public in 2023

  • Chairman Taher in 2016 said the company was considering going public in Hong Kong.
  • However, MultiBank relocated its headquarters from Hong Kong to Dubai in late 2022.
Wednesday, 19/07/2023 | 14:33 GMT by Solomon Oladipupo
Retail FX

Interactive Broker’s Performance Drops in Q2, Revenue Shrinks to $1B

  • The Nasdaq-listed firm's EPS slumped 15% to $1.20.
  • However, the performance improved significantly when compared year-over-year.
Tuesday, 18/07/2023 | 23:09 GMT by Solomon Oladipupo
Payments

Fintech Trends Impacting Small Businesses in 2023

  • Disruption at its finest
Tuesday, 11/07/2023 | 13:28 GMT by FM Contributors
Institutional FX

FXSpotStream Sees $1.39T in June, Rebounds for Second Consecutive Month

  • However, the new volumes fail to break through the peak reached in March 2023.
  • Other venues for spot FX trading reported a similar growth pattern last month.
Monday, 03/07/2023 | 21:53 GMT by Solomon Oladipupo
Education Center

The Fintech Boom in 2023: Unveiling the Latest Innovations and Trends

  • 2023 still has much more to offer.
Monday, 26/06/2023 | 23:05 GMT by FM Contributors
Retail FX

Saxo Bank’s FX Volume Springs 27% to $130.5B in May

  • However, the new volume stands below March's figure of $155.5 billion.
  • Overall, trading volume strengthened 28% to $407 billion.
Wednesday, 07/06/2023 | 14:32 GMT by Solomon Oladipupo
Institutional FX

MOEX’s Spot FX Sees Modest Uptick as Global Volumes Rebound in May

  • The moderate volume came despite 4% drop in overall FX market.
  • Across major global trading venues, spot FX picked up in May.
Friday, 02/06/2023 | 20:45 GMT by Solomon Oladipupo
Retail FX

Interactive Broker Grows DARTs and Client Accounts in May

  • However, DARTs in May failed to overrun 2.055 million trades in March.
  • The average commission dropped 3% last month.
Thursday, 01/06/2023 | 21:30 GMT by Solomon Oladipupo
Institutional FX

Euronext’s FX Trading Revenue Drops 12% in Q1

  • The total trading revenue dropped 14.5% to €128.9M.
  • Euronext also reported its second-highest adjusted net income ever.
Tuesday, 16/05/2023 | 21:11 GMT by Solomon Oladipupo
Retail FX

Robinhood’s Q1 Loss Plunges over 200% despite Growth in Revenue

  • Net loss came in at $511M, beating $441M quarterly revenue.
  • Robinhood eyes UK launch, to float 24-hour market next week.
Wednesday, 10/05/2023 | 22:28 GMT by Solomon Oladipupo
Institutional FX

CME’s FX Link Grows 32% YoY, Spot FX Sees $52.9B in April

  • Institutional spot FX volume declined across various regions last month.
  • CME posted its second-highest April ADV last month.
Friday, 05/05/2023 | 19:10 GMT by Solomon Oladipupo
Institutional FX

Cboe’s Global FX Revenue Rises 8% YoY in Q1

  • Cboe FX achieved multiple volume records during the quarter.
  • The trading venue's market share also jumped to a quarterly high.
Friday, 05/05/2023 | 15:24 GMT by Solomon Oladipupo
Institutional FX

BGC Partners Sees Marginal Increase in FX Revenue in Q1

  • Forex trading generated the smallest revenue growth during the period.
  • Overall quarterly revenue in Q1 is second highest in BGC's history.
Thursday, 04/05/2023 | 15:21 GMT by Solomon Oladipupo
Institutional FX

MOEX’s Spot FX Tallies with Global Decline, Drops 10% MoM in April

  • Spot FX on MOEX grew 8.1% YoY to RUB 7.6T ($96 billion).
  • Top venues in America and Europe saw declines in spot trading last month.
Wednesday, 03/05/2023 | 19:39 GMT by Solomon Oladipupo
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