Also, Bitfinex expands language support; Deutsche Börse and SIX reports October metrics.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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.
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.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔