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2023

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Retail FX

Saxo Bank’s FX Volume Down to Lowest since Dec 2021

  • The brokerage's FX volume declined 34% to $102.8 billion in April.
  • Additionally, institutional spot FX volumes declined across major regions last month.
Wednesday, 03/05/2023 | 15:51 GMT by Solomon Oladipupo
Institutional FX

Institutional Spot FX Volume Slumps in April after March Jump

  • Volumes declined across major trading venues in America, Europe and Asia.
  • Japan's Click 365 reported the biggest decline.
Tuesday, 02/05/2023 | 20:02 GMT by Solomon Oladipupo
Institutional FX

Tradeweb’s Revenue Rises 5.7% as Q1 ADV Hits Record $1.4T

  • 'Strong growth' came despite 'challenging market conditions'.
  • Record ADV rode on increases in daily averages across sub-markets.
Thursday, 27/04/2023 | 12:54 GMT by Solomon Oladipupo
Institutional FX

“Flight to Futures” Pushes CME Group to Second-Highest Quarterly Revenue

  • The Group's revenue grew 17% to $1.4 billion from last quarter.
  • The marketplace also saw its highest adjusted net income and highest adjusted EPS.
Wednesday, 26/04/2023 | 19:28 GMT by Solomon Oladipupo
Institutional FX

FX Rates Beat Down Nasdaq’s Q1 Revenue

  • Nasdaq's constituent business segments reported single-digit growth.
  • Verafin onboarded first global Tier 1 bank in April 2023.
Wednesday, 19/04/2023 | 13:26 GMT by Solomon Oladipupo
Institutional FX

Euronext FX Spot Declines 13% to $1.4 Trillion in Q1 23

  • However, spot FX volume gained 26.4% to reach $521 billion.
  • Euronext recorded its third highest equity value traded in history in March 2023.
Tuesday, 11/04/2023 | 20:44 GMT by Solomon Oladipupo
Institutional FX

Asian Currency Risk Pushes SGX’s FX Futures 36% Higher in Q1 2023

  • Renminbi FX futures hit record-high 2.2 million contracts in March 2023.
  • Commodities derivatives surged on the reopening of the Chinese economy.
Monday, 10/04/2023 | 20:40 GMT by Solomon Oladipupo
Institutional FX

CME Group’s FX Link ADV Grows 34% in March

  • CME Group saw its single-day FX futures and options volume peak in March.
  • The marketplace also posted its second-best March and quarterly ADV last month.
Wednesday, 05/04/2023 | 18:50 GMT by Solomon Oladipupo
Retail FX

Saxo Bank Records Best Month since March 2020

  • The firm beats a three-month drop in FX volume and sees $155 billion in March 2023.
  • Lower trading activities bit 6% into Saxo Bank's profit in 2022.
Wednesday, 05/04/2023 | 14:23 GMT by Solomon Oladipupo
Institutional FX

CME Group Records Second-Highest March and Quarterly ADV

  • The performance was pushed by ADV increases in interest rate, options, etc.
  • The marketplace hit record single-day FX futures and options contracts volume on March 8.
Tuesday, 04/04/2023 | 18:17 GMT by Solomon Oladipupo
Retail FX

Interactive Broker’s DARTs Slide in March despite Growth in Client Accounts

  • Client accounts reached 2.20 million in March, which is 2% higher MoM and 21% YoY.
  • However, DARTs dropped 3% MoM and 16% YoY.
Monday, 03/04/2023 | 18:07 GMT by Solomon Oladipupo
Retail FX

CMC Markets Pegs Expected FY23 Income at £290M

  • The firm previously said the income was "tracking in line" with market expectation.
  • The broker says CMC Invest will go live in Singapore "over the coming months."
Monday, 27/03/2023 | 19:40 GMT by Solomon Oladipupo
Retail FX

eToro Gets $250M Funding from Failed SPAC Deal, Valuation Hits $3.5B

  • The SPAC deal, which collapsed in July, would have valued eToro at $10.4 billion.
  • eToro’s total commissions dropped by almost half to $631 million in 2022.
Tuesday, 21/03/2023 | 20:40 GMT by Solomon Oladipupo
FinTech

Capital Outflows Top $50B as Economic Uncertainty Hits Six Largest Investment Firms

  • Some of the affected firms include Berkshire Hathaway, BlackRock and IHC, among others.
  • However, Blackstone Group, Prologis and others generated significant capital inflows.
Thursday, 16/03/2023 | 20:54 GMT by Solomon Oladipupo
FinTech

Nigeria Becomes Africa’s Open Banking Regulation Pioneer

  • The Central Bank of Nigeria's interest in open banking dates back to 2018.
  • The new guidelines will be supported by the Nigeria Data Protection Regulation.
Friday, 10/03/2023 | 18:18 GMT by Solomon Oladipupo
Institutional FX

CME Group’s FX Futures and Options Hit Record Single-Day Volume

  • The single-day volumed increased by 5% to 3.15 million contracts.
  • CME also posted new trading records in several individual currencies.
Friday, 10/03/2023 | 14:04 GMT by Solomon Oladipupo
Retail FX

CySEC Blacklists Six Online Trading Websites

  • Three of the websites share the same branding.
  • CySEC kicked against five other unregulated trading platforms in January.
Thursday, 09/03/2023 | 20:14 GMT by Solomon Oladipupo
CryptoCurrency

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

  • Hut 8 sold 188 BTC in January 2023.
  • The Canada-based miner merged with US Bitcoin last month.
Tuesday, 07/03/2023 | 20:36 GMT by Solomon Oladipupo
CryptoCurrency

HIVE Produces 4% Less BTC in February as Mining Difficulty Surpasses 40 Trillion

  • The firm mined 250 BTC with a HODL balance of 2,340 at month-end.
  • HIVE's BTC production jumped 18% to 4,752 BTC in February 2023.
Friday, 03/03/2023 | 16:00 GMT by Solomon Oladipupo
Institutional FX

24 Exchange Sets New FX NDF Trading Record in February

  • The trading platform crossed the $1 billion mark in FX NDF ADV in January.
  • Institutional spot FX demand slowed down in February after post-holiday boost.
Wednesday, 01/03/2023 | 20:59 GMT by Solomon Oladipupo
Institutional FX

Institutional Spot FX Demand Slows in February after Post-Holiday Boost

  • Cboe FX, 360T and Click 365 reported monthly decreases in February 2023.
  • However, the spot FX trading venues reported mixed performance when compared YoY.
Wednesday, 01/03/2023 | 15:28 GMT by Solomon Oladipupo
Institutional FX

Lower Trading Bites 6% into Saxo Bank's Profit in 2022

  • Trading-related earnings dipped 2% YoY to DKK 4.85 billion.
  • However, Saxo Bank saw record-high numbers in 2022 with 876,000 total clients.
Friday, 24/02/2023 | 18:51 GMT by Solomon Oladipupo
Institutional FX

Proprietary Trading Execs Are Banking on Interest Rates in 2023

  • They see significant profit opportunities in equity options, energy and commodities.
  • Trading executives also reported a "very strong" 2022 marked by higher volatility.
Wednesday, 22/02/2023 | 15:32 GMT by Solomon Oladipupo
FinTech

Temenos Sees Highest Ever Software Licensing in North America in 2022

  • Temenos' SaaS revenue shot up 37% in FY 22.
  • The company expects the sales environment to remain stable in 2023.
Monday, 20/02/2023 | 19:42 GMT by Solomon Oladipupo
Analysis
Analysis
CryptoCurrency
Analysis
Analysis

DeFi Starts 2023 with a Jump, but Will the Momentum Last?

  • The total number of DeFi users increased by 35% YoY to 6.7 million in January 2023.
  • However, the DeFi market cap returned low last month when compared to January 2022.
Thursday, 16/02/2023 | 12:34 GMT by Solomon Oladipupo
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