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Institutional FX

Virtu Financial’s Q2 Trading Income Falls as Revenue Shrinks 17% to $507M

The firm's net trading income fell 26% QoQ to $306.2 million.
XTX Markets recently reported a massive leap in net profit from its UK entities.

Wednesday, 26/07/2023 | 16:42 GMT by Solomon Oladipupo

Retail FX

ADSS Quits UK Market to ‘Refocus’ on Other Entities

ADSS said the group remains 'well-capitalized'.
The firm's local entity gained FCA authorization in 2012.

Friday, 14/07/2023 | 16:54 GMT by Solomon Oladipupo

Institutional FX

CySEC Reaches €100k Settlement with Institutional Broker BCS Cyprus

The regulator probed BCS's compliance with market abuse rules between 2019 and 2021.
CySEC has withdrawn at least five CIF licenses since the start of 2023.

Wednesday, 12/07/2023 | 18:07 GMT by Solomon Oladipupo

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

CryptoCurrency

TP ICAP’s Institutional Crypto Exchange Finally Goes Live for Spot Trading

The interdealer broker secured a UK license for the platform in December 2022.
Partners on the project include Fidelity Digital Assets and Flow Traders, among others.

Wednesday, 24/05/2023 | 19:06 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

Executives

Ebury’s Maria Alberghini Joins GCEX as Sales Manager in Dubai

Alberghini boasts of about a decade of sales and business development experience.
GCEX boosted its offerings and workforce in recent months.

Thursday, 16/02/2023 | 18:51 GMT by Solomon Oladipupo

Executives

iS Prime Co-Founders Sitlani and Brewer Depart Business after 8 Years

Raj Sitlani and Jonathan Brewer want to focus on "the next chapters in our lives."
Their departure comes two weeks after ISAM Capital Markets rebranded to iSAM Securities.

Tuesday, 31/01/2023 | 14:29 GMT by Solomon Oladipupo

Executives

Doto Appoints FXOpen’s Maria Markidou as Executive Director

Markidou was previously the Regional Director of FXOpen.
She brings 14 years of experience to the job.

Monday, 07/11/2022 | 20:12 GMT by Solomon Oladipupo

Institutional FX

CMC Markets Expects 21% Jump in Half-Year FY23’s Net Operating Income

The broker estimates NOI will bring in approximately £153M.
CMC Markets has launched a UK investment platform as part of diversification plan.

Thursday, 06/10/2022 | 09:48 GMT by Solomon Oladipupo

Institutional FX

Invast Global Opts for oneZero to Replace Many of Its Current Systems

Invast Global is deploying oneZero to meet its core trading technology needs.
The prime broker praised oneZero's Algorithmic Pricing Module feature.

Thursday, 08/09/2022 | 07:00 GMT by Solomon Oladipupo

Institutional FX

Citigroup’s Brokerage Subsidiary to Pay £12.6M for Failure to Detect Market Abuse

Citigroup Global Markets breached Article 16(2) of MAR, FCA's Principles for Businesses.
The institutional brokerage firm has agreed to resolve the case, the FCA says.

Friday, 19/08/2022 | 14:15 GMT by Solomon Oladipupo

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