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Tag: Forex

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Futu and UP Fintech (Tiger Brokers) Face Regulatory Action in China

<p>On Friday, the securities regulator in China said that two brokerage operators, Futu Holding and UP Fintech Holding, have been involved in the unlawful securities business and will be asked to take corrective measures.</p><p>China Takes Action against Futu and Up Fintech (Tiger Brokers)</p><p>Reuters reported that the China Securities Regulatory Commission (CSRC) <a href=”https://www.financemagnates.com/forex/regulation/china-warns-unlicensed-brokers-accepting-mainland-clients/” target=”_blank” rel=”follow”>would ban both brokerage platforms</a> from […]

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FX/CFDs Industry 2022 Roundup: Volatility, MetaTrader Ban and More

<p>It is the last week of 2022 and time to look back at the developments in the forex and contracts for differences (CFDs) industry from the past year. The industry has seen many ups and downs in the past 12 months. It ranges from war-led market <a href=”https://www.financemagnates.com/thought-leadership/understanding-volatility-what-is-it-what-causes-it-and-how-to-play-it/” target=”_blank” rel=”follow”>volatility</a> to a ban of a popular trading platform on a […]

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Holiday Season Pushes Institutional Spot FX Venues’ December Volume Lower

<p>Two major institutional spot forex trading venues, Cboe FX and Deutsche Börse’s 360T, published their trading metrics for December 2022, reporting expected correction in demand from the traders. The dip in the monthly volume in December is an industry trend due to the holiday season.</p><p>Institutions’ Demand for Spot FX</p><p>According to the official figures, Cboe FX Markets ended the month with […]

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Deutsche Börse Sees €1.8trn Order Book Turnover in 7 Months of 2022

<p class=”text-align-justify”>The total order book turnover from Deutsche Börse’s Xetra, Börse Frankfurt and Tradegate Exchange trading venues reached €1.8 trillion during the first seven months of 2022 alone. This is in sharp contrast to the €1.9 trillion generated across all the three venues in 2021.</p><p class=”text-align-justify”>The Germany securities markets operator disclosed these in its cash market trading statistics for 2022 […]

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FXSpotStream Sees 14.4% MoM Decline in December ADV

<p class=”MsoNormal”>FXSpotStream LLC, a provider of multibank FX aggregation services for spot FX trading, published its trading metrics for December, reporting $1.26 trillion in total volume. The figure has weakened by 14.4% from the previous month but has strengthened significantly compared to the same period a year earlier.</p><p>FXSpotStream Volume Drops after Three Strong Months</p><p class=”MsoNormal”>According to the FXSpotStream’s turnover data, […]

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Doo Group Becomes Financial Trading Partner of Manchester United FC

<p>The popular English football club, Manchester United has signed a global partnership deal with the <a href=”https://www.financemagnates.com/executives/moves/jia-li-joins-doo-group-as-operation-executive/” target=”_blank” rel=”follow”>Singapore-headquartered Doo Group</a>, a financial services provider. Announced on Tuesday, Doo Group has gained the status of Manchester United’s official online financial <a href=”https://www.financemagnates.com/terms/t/trading-platform/” target=”_blank” id=”f85800b2-ccf5-4f50-9e8e-780d32afc6f6_1″ class=”terms__main-term”>trading platform</a> partner.</p><p>Doo Group Inks Sponsorship Deal with Manchester United</p><p>Under the multi-year partnership deal, the football […]

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Interactive Brokers Reports Lower DARTs but Higher Client Accounts in December

<p> Interactive Brokers Group (<a href=”https://www.financemagnates.com/tag/interactive-brokers/” target=”_blank” rel=”follow”>Nasdaq: IBKR</a>), a popular American electronic <a href=”https://www.financemagnates.com/terms/t/trading-platform/” target=”_blank” id=”f85800b2-ccf5-4f50-9e8e-780d32afc6f6_1″ class=”terms__main-term”>trading platform</a> with a global presence, published its performance metrics for December 2022. The Daily Average Revenue Trades (DARTs) came in at 1.751 million, which was 10% lower than the previous month and 21% lower than in December 2021.</p><p>Interactive Brokers Reports Lower DARTs […]

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Saxo Bank Posts 12% Decline in December FX Demand

<p>Saxo Bank has published its FX trading metrics for December 2022, reporting a monthly decline in demand across all asset classes. The overall monthly trading volume on Saxo’s platform came in at $415.7 billion last month, which is a month-over-month drop of 9.3 percent.</p><p>FX Demand on Saxo Bank</p><p>Additionally, the demand for retail <a href=”https://www.financemagnates.com/terms/f/forex-trading/” target=”_blank” id=”258a569f-bf49-4a61-a1b4-bc352d76141f_1″ class=”terms__main-term”>forex trading</a> decreased, with […]

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TipRanks to Acquire Digital Financial News Publisher The Fly

<p>TipRanks, a <a href=”https://www.financemagnates.com/tag/tipranks/” target=”_blank” rel=”follow”>financial big data company</a> offering research tools to retail investors, has agreed to acquire New Jersey-based The Fly, a digital publisher of real-time financial news.</p><p>TipRanks to Acquire The Fly</p><p>The decision of TipRanks to acquire The Fly is strategic, as the real-time financial news will supplement and further <a href=”https://www.financemagnates.com/fintech/news/tipranks-announces-uk-launch-identifies-top-analysts/” target=”_blank” rel=”follow”>strengthen its existing services.</a></p><p>”TipRanks is […]

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CME Group’s ADV Jumps 19% to Record 23.3M Contracts in 2022

<p class=”text-align-justify”>CME Group, a top derivatives marketplace, posted an average daily volume (ADV) record of 23.3 million contracts in 2022, which represents a 19% increase from its performance in 2021.The derivatives marketplace operator disclosed these on Wednesday in its market statistics for the fourth quarter and December 2022. </p><p>“ADV increased 6% in the fourth quarter to 21.8 million contracts, and […]

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