Markets

One of the leading US trading platforms, Interactive Brokers, recently published the platform’s metrics for December 2022. The figures show a significant drop when it comes to the Daily Average Revenue Trades (DARTs). DARTs came in at 1.751 million, which...

TipRanks, one of the largest financial big data companies focused on the retail market, will be closing the acquisition of The Fly, a digital publishing company of financial news. The acquisition of The Fly is strategic as it will help...

The Co-Head of Investment Banking and Capital Markets (IBCM) in Europe, the Middle East, and Africa (EMEA) at Credit Suisse, Cathal Deasy, is stepping down from her role at the global investment bank based in Singapore. Deasy will resign from...

Coinbase, one of the largest cryptocurrency exchanges by trading volumes, has received the green light from the Central Bank of Ireland. The approval will allow Coinbase to continue providing services across Europe and worldwide. Coinbase gets a VASP license in...

On Tuesday, the state of Kentucky warned 11 of the largest financial companies of divestment for boycotting energy companies. The 11 financial companies that Kentucky has targeted include JPMorgan Chase & Co, BlackRock, and Citigroup. Kentucky warns financial firms of...

China imposed an order targeting cross-border brokerage platforms, but the move will result in Futu Holdings Ltd losing its clientele base. The action will also dampen the market sentiment that was already affected by the country’s strict COVID restrictions. China’s...

Binance, the largest cryptocurrency exchange by trading volumes, plans to close the acquisition of Gopax. Gopax is one of the largest cryptocurrency exchanges in South Korea, and the closure of this acquisition deal will see Binance securing a significant share...

Deutsche Borse Xetra, Borse Frankfurt, and Tradegate Exchange trading platforms reported a total order book turnover of €1.8 trillion during the first seven months of 2022 alone. This is a sharp difference from the €1.9 trillion reported from the three...

Recent data indicates that there was unusual options trading activity involving UP Fintech Holding Limited last Friday, on the final trading day in 2022. According to data, traders purchased around 19,245 of UP Fintech’s call options. Since the typical volume...

Paul Chan, the Financial Secretary of Hong Kong, recently commented on the state of the city’s economy, noting that he is optimistic about economic prospects in 2023. He noted that the expects the local real estate market to explode following...

In spite of numerous macroeconomic issues that marked the last year and are sure to continue to loom over the new year as well, it appears that venture capital firms are staying optimistic regarding tech firms. The optimism is very...

Barclays has hired Tim Albers as the Head of FX Strats and Structuring. Albers previously served as the head of FX Structuring at Nomura. Albers will leave Nomura after serving at the company for more than 13 years. Barclays hires...

According to recent reports, the US-based oil firm, Chevron Corp, recently sent two oil tankers to Venezuela. One of the tankers will load its first cargo of crude that will end up in the United States in four years. After...

Yesterday, December 30th, China’s securities regulator, the CSRC, announced that two brokerages that operate in the country — Futu Holding and UP Fintech Holding — were found to be in violation of local laws. According to the regulator, the two...

With 2022 being only hours away from its end, some interesting reports regarding the state of the financial industry this year have started to come out. One example is a statement published by Euronext, in which the company said that...