Markets

Yesterday, January 10th, Plus500 released a trading update for 2022, revealing some interesting details. According to the report, the group revenue jumped by around 15.7% on a YoY basis, reaching $832 million. Furthermore, the group’s EBITDA surged to $454 million,...

Saint Vincent and the Grenadines (SVG) watchdog, the Financial Services Authority (FSA) recently responded to a growing number of fraud reports by requesting that all forex brokers deliver their licenses. The licenses must be delivered by March 10th of this...

KVB Prime UK Limited has rebranded to DCFX Europe Limited. The company is rebranding its business after a turbulent period triggered by the COVID pandemic. The company’s house filing said it was now ready to continue with its operations. KVB...

The Financial Markets Authority for France (AMF) has revealed its areas of focus and the action plan for 2023. The regulator revealed the plan through a statement released on its website. AMF reveals its action plan for 2023 According to...

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...