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EBS Now Requires LPs to Adhere Global Code of Conduct

EBS said it had decided on the move after its detailed review of trading on EBS Direct.
The firm plans to cut 'last look' thresholds from 200 to 30 milliseconds.

Monday, 06/03/2023 | 19:47 GMT by Solomon Oladipupo

payment for order flow (PFOF)

European Parliament Committee Votes to Ban PFOF among Brokers

The vote contradicts EU member states' decision to permit PFOF under strict conditions.
US securities regulator recently proposed amendment to its PFOF rules.

Wednesday, 01/03/2023 | 20:11 GMT by Solomon Oladipupo

saxo bank

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

Thought Leaders

FunderPro Sponsors Ferrari F1 Protégé & Youngest British Formula 2 Driver Ollie Bearman

FunderPro believes the partnership can make a positive impact on the lives of young people

Thursday, 23/03/2023 | 14:56 GMT by FM

proprietary trading

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

Spectrum Markets

Spectrum Markets Marks Record 2022 as Turnover Surges 147% to €3.33bn

Spectrum Markets saw nearly 3.5 million trades in 2022.
The record trading volume was boosted by the platform's new partnerships.

Tuesday, 21/02/2023 | 13:56 GMT by Solomon Oladipupo

cls

CLS’ FX ADV Rises 12.3% to $1.92T in January after 3-Month Decline

CLS' forex ADV came in at $1.7 trillion in December 2022.
Other institutional forex spot venues rebounded in January from holidays lows.

Friday, 17/02/2023 | 18:16 GMT by Solomon Oladipupo

CBOE

Cboe Expects to Launch Real-Time Options Feed in March

The feed will provide real-time pricing data from all four Cboe options exchanges.
Cboe captures 3 percent of the US options market volume.

Thursday, 16/02/2023 | 06:40 GMT by Arnab Shome

B2B

Will Vertical Risks Hurt B2B Forex Growth in 2023?

Businesses are under pressure to innovate.

Monday, 13/02/2023 | 13:14 GMT by Finance Magnates Staff

cme

CME Group Beats Estimates and Publishes Higher 2022 Results

Both quarterly and yearly revenues were higher than in 2021.
2022 was a record year for CME throughout the Group's history.

Wednesday, 08/02/2023 | 12:59 GMT by Damian Chmiel

Thought Leaders

ZuluTrade Launches Operations in Mauritius

Zulutrade receives the green light from the FSC to provide wealth management services.

Thursday, 23/03/2023 | 08:26 GMT by FM

ION Group

ION Reboards Clients after Ransomware Attack: Report

The ransomware attack started on January 31st, ION disclosed recently.
The hack was claimed by LockBit, a ransomware gang with ties to Russia.

Tuesday, 07/02/2023 | 14:13 GMT by Solomon Oladipupo

finra

FINRA Slams $475K Fine on UBS Securities—Second in 4 Months

UBS released 41 reports between 2015 and 2019 allegedly containing inaccurate details.
The broker-dealer has agreed to settle without admitting or denying FINRA's findings.

Monday, 06/02/2023 | 16:41 GMT by Solomon Oladipupo

24 Exchange

24 Exchange Crosses $1B Mark in Forex NDFs ADV in January

The platform reported daily and weekly records of forex NDFs in October last year.
24 Exchange has been taking steps to expand its footprint since 2019.

Thursday, 02/02/2023 | 20:30 GMT by Solomon Oladipupo

Siege FX

Siege FX Plans NetBook Launch in 2023, Appoints Head of Distribution

Mathijs Peeters joins the company, and Marek Robertson moves to the CPO role.
Siege FX wants to present its new service dubbed NetBook this year.

Wednesday, 01/02/2023 | 09:39 GMT by Damian Chmiel

exante

Boutique Wealth Manager EXANTE Secures FCA License, Launches in UK

The boutique brokerage hopes to establish its headquarters in London.
A number of firms gained and lost their FCA licenses last month.

Friday, 20/01/2023 | 22:35 GMT by Solomon Oladipupo

finra

FINRA Fines Justly Markets (Formerly DBOT) $100K for Missing Records of 95M Orders

Justly Markets operated as DBOT during the period of the alleged violation.
The ATS firm's former third-party vendor deleted the records.

Thursday, 29/12/2022 | 21:28 GMT by Solomon Oladipupo

Thought Leaders

FBS Raffled Mercedes-Benz and Premium Gadgets to Lucky Winners

The promotion celebrated FBS' 14th anniversary.

Wednesday, 22/03/2023 | 11:18 GMT by FBS

CLS Group

CLS’ FX ADV Drops -2% to $1.9trn in November, Rises 4% YoY

The daily average trading volume came in at $1.92 trillion in October 2022.
FX forwards' ADV rose 12% but FX swap and spot volumes both declined by -3%.

Thursday, 15/12/2022 | 20:24 GMT by Solomon Oladipupo

Clearstream

Clearstream’s Assets under Custody Sees Tiny Growth in November

The post-trade services provider's AUC grew 1% to €16.65 billion.
Clearstream posted marginal drops in deposits with jumps in the number of transactions.

Tuesday, 13/12/2022 | 15:00 GMT by Solomon Oladipupo

onezero

oneZero Onboards Cboe FX and State Street into Its EcoSystem

The development comes a few days after oneZero welcomed Binance VIP into its ecosystem.
Invast Global also joined oneZero earlier in September.

Tuesday, 13/12/2022 | 07:00 GMT by Solomon Oladipupo

finra

FINRA Slams $165k Fine on Instinet for Data Inaccuracy and Poor Supervision

Instinet published 54 inaccurate monthly reports between 2015 and 2019.
The broker also under-reported about 5% of the total covered orders during the period.

Monday, 12/12/2022 | 20:09 GMT by Solomon Oladipupo

Saudi Arabia

Saudi Arabia CMA Greenlights Regulations for Market Making

Saudi Arabia is betting on the continued development of its capital market.
The local stock exchange is 11th in the world in terms of capitalization.

Monday, 05/12/2022 | 08:39 GMT by Damian Chmiel

Horizon Software

Horizon Software Supports WSE’s Global Connect Equity Market

Santander Bank Polska became the first Introducing Market Makers on the market.
It utilizes Horizon’s Platform for Market Making.

Tuesday, 22/11/2022 | 10:46 GMT by Damian Chmiel

Thought Leaders

3 Reasons Why Now Is the Time For Online Trading Brands To Invest In Sports Sponsorship

Three key reasons why 2023 is the ideal time for brands to invest in sports sponsorship.

Wednesday, 22/03/2023 | 08:46 GMT by FM

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