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Institutional FX

Devaluation Eats 18% into Cypriot Investment Managers’ AUM in 2022

CySEC also attributed the decrease to redemptions of shares and asset disposals.
The drop came despite the increase in investment firms during the third quarter.

Tuesday, 28/03/2023 | 13:22 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

Institutional FX

WFE: Global Stock Market Lost $25 Trillion in 2022

Inflation, Russia-Ukraine war and other factors contributed to the loss.
However, last year the market saw the highest global volumes in six years.

Friday, 17/03/2023 | 17:35 GMT by Solomon Oladipupo

Retail FX

CySEC Supervised 837 Entities and Imposed €2.9 million Fines in 2022

CIFs represent the majority of licensed and sanctioned entities.
CySEC's oversight extends to two new types of companies: crowdfunding and PEPP.

Wednesday, 15/03/2023 | 13:08 GMT by Damian Chmiel

Retail FX

INFONIX's Metrics Skyrocket in 2022 Pushed by Latin America and Asia

The global broker's first-time deposit jumped by over 200% in Latin America.
INFINOX Capital posted a 150% growth in revenue in fiscal year 2022.

Thursday, 02/03/2023 | 21:05 GMT by Solomon Oladipupo

Institutional FX

Global Demand Catapults TS Imagine’s Bookings 72% Higher in 2022

Recurring bookings boost emerged from North America, Europe and other regions.
TS Imagine attribute demand surge to technology and team expansion.

Tuesday, 28/02/2023 | 18:36 GMT by Solomon Oladipupo

FinTech

Klarna’s Revenue Increases 21% to $1.85 Billion in 2022

The fintech company's GMV shot up 22% to $80.35 billion.
Klarna's global consumers reached 150 million in 2022.

Tuesday, 28/02/2023 | 15:42 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

Bunq, Second Largest Neobank in EU, Reports First Quarterly Profit

Bunq broke even for the first time in December 2021.
The Dutch challenger bank was founded 10 years ago by Ali Niknam.

Tuesday, 21/02/2023 | 20:50 GMT by Solomon Oladipupo

Institutional FX

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

Analysis

FinTech

Analysis

Fintech Funding Slashed by Almost Half in 2022. Will 2023 Be Any Better?

Funding of fintech businesses globally came in at $75.2 billion in 2022.
Interest rate hikes are expected to affect fintech funding in 2023.

Thursday, 02/02/2023 | 11:45 GMT by Solomon Oladipupo

Institutional FX

FXSpotStream Rebounds from December Dip, Generates $1.3T in January

Cboe FX and 360T's total monthly volumes improved in January 2022.
Alan F. Schwarz, FXSpotStream's Co-Founder, departs the business this month.

Wednesday, 01/02/2023 | 17:25 GMT by Solomon Oladipupo

CryptoCurrency

Inflows into Crypto Investment Products Hit Highest since FTX Collapse

Crypto investment products AUM hit their highest since May 2022.
Grayscale Bitcoin Trust' AUM also rose by 38.4% MoM to $14.5 billion.

Wednesday, 01/02/2023 | 15:12 GMT by Solomon Oladipupo

FinTech

UBS Posts Net Profit of $7.6 Billion in 2022

UBS posted US$1.9 billion in profit before tax in Q4 2022.
Total revenue decreased YoY in three out of four UBS business divisions.

Tuesday, 31/01/2023 | 18:34 GMT by Solomon Oladipupo

Institutional FX

Virtu Financial's 2022 Net Income Declined by 43%

The company ended another weaker quarter with revenues down by 40%.
Overall net income for 2022 reached $468.3 million.

Thursday, 26/01/2023 | 12:51 GMT by Damian Chmiel

Retail FX

Compensation Sought by FX Traders Worldwide Drops 17% to $12.4M in 2022

FinaCom expanded its global presence by 30% last year.
The organization also marked its fastest average resolution time since its founding.

Wednesday, 25/01/2023 | 20:09 GMT by Solomon Oladipupo

FinTech

Five Directors Buy 1.89% Stake in Cornerstone amidst Revenue Boost

The directors bought 223,500 ordinary shares on January 20th via LSE.
Cornerstone expects FY22 revenue to skyrocket by 109% to £4.8M.

Monday, 23/01/2023 | 20:25 GMT by Solomon Oladipupo

FinTech

CySEC Investment Managers’ AUM Drops 7.2% to €9.9 Billion in Q3 2022

CySEC attributed the decrease to devaluation of assets and other factors.
Investment managers regulated by CySEC increased to 303 during Q3 2022.

Monday, 23/01/2023 | 15:37 GMT by Solomon Oladipupo

Retail FX

Compensation Sought by FX Traders from Brokers Drops 3% to $3.3M in Q4

This is according to FinCom's Quarterly Complaints Digest for Q4 2022.
The EDR body said range bound FX prices as well as winter holidays affected key metrics.

Saturday, 21/01/2023 | 10:46 GMT by Solomon Oladipupo

CryptoCurrency

Crypto Market Cap Fell by 64.1% to $829 Billion in 2022: Report

Spot trading volume on the top 10 crypto exchanges declined by 67.3% in 2022.
The stablecoin market slumped by 16.6% to $27.3 billion by year-end.

Tuesday, 17/01/2023 | 21:59 GMT by Solomon Oladipupo

Retail FX

Germany’s BaFin Says Online Broker MainTrade Not Authorized

BaFin said it reached the decision based on information on the broker's website.
The German regulator issued warnings against a number of firms in 2022.

Friday, 13/01/2023 | 13:06 GMT by Solomon Oladipupo

FinTech

Global Regtech Sees $8.2b in 2022, to Reach $57.5b in 2032

The estimations are according to the research firm Prophecy Market Insights.
The regtech industry saw a number of deals in 2022.

Thursday, 12/01/2023 | 22:25 GMT by Solomon Oladipupo

Executives

oneZero Appoints UniCredit's Stephen Totten as Director of Quant Analysis

Totten brings about 20 years of industry experience to the role.
oneZero made some hires in 2022.

Tuesday, 10/01/2023 | 22:55 GMT by Solomon Oladipupo

Institutional FX

Tradeweb's Full-Year ADV Grows 9.9% to $1.1T in 2022

However, December 2022 ADV declined -10% to $1.02 trillion.
Tradeweb posted growth across all asset classes except rates in Q4 2022.

Thursday, 05/01/2023 | 19:37 GMT by Solomon Oladipupo

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