Markets

Nuvei, a fintech company based in Canada, has signed an agreement deal to buy Paya. Paya is an integrated payments provider based in Atlanta. Nuvei will be closing the acquisition for around $1.3 billion. Nuvei to acquire Paya for $1.3...

S&P Global, a leading analytics and credit rating provider, has announced the acquisition of ChartIQ. The latter is a charting provider in the financial industry. The acquisition deal will see ChartIQ becoming a part of the Market Intelligence division. S&P...

Fabio Panetta, a Member of the Executive Board at the European Central Bank, supports regulation that will recognize the speculative attributes of unbanked cryptocurrencies and treat these assets as gambling activities. ECB official says unbacked crypto is gambling According to...

Tradeweb Markets, an operator of electronic markets for credit, rates, equities, and money markets listed at NASDAQ, has reported a full-year average daily volume (ADV) of $1.1 trillion in 2022. This represented a 9.87% year-over-year growth. Tradeweb full-year ADV hits...

With the start of the new year, companies have started publishing their reports involving performance in 2022. Given the state of the markets and the global financial industry, the majority of firms are seeing significant drops in numerous areas. Saxo...

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...