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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.
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.
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  • CySEC has withdrawn at least five CIF licenses since the start of 2023.
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.
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.
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.
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.
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.
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.
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.
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.
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.
by Solomon Oladipupo
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