The average daily volume in FX for last month came in at $22.6 billion. Compared to February’s $20.6 billion, this was also a 9.7% MoM increase. Total Cash Market numbers in March stood at $292.0 million, up by 22.7% MoM compared to previous month. On yearly basis, the exchange saw a 25.3% decrease. Derivatives markets…
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The application follows the Trust and Corporate Service Provider (TCSP) licence from the Company Registry in Hong Kong, the group recently obtained, allowing it to offer virtual assets custody services. These licenses will allow the Group’s Hong Kong entity, Gate HK, to serve clients in the region and comply with the special administrative region's licensing…
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According to CFTC’s filling, Goldman made transactions of dozens of “same-day” equity index swaps with US-based clients in 2015 and 2016. The "same-day" equity index swap involves striking the equity leg on the day that the other key terms of the swap are agreed upon, instead of the following day, which is the usual practice.…
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Following the integration with Liquidity Bridge, all brokers licensing DXtrade CFD will gain access to its technology of liquidity aggregation. The ‘plug-n-play’ implementation allows for quick integration cutting the need additional development or per-broker customization. The comprehensive solution is designed to manage large amounts of liquidity from several sources. Through it, brokers can connect several…
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On the technical side the price on the fiber chart has found resistance on the upper band of the Bollinger bands last Tuesday and has since corrected to the downside. The Bollinger bands are contracting at the time of this report but volatility could pick up later in the week around publication hours of the…
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The Aussie regulator has been conducting a focused evaluation of Binance’s financial services business in Australia, focusing on the categorisation of retail and wholesale consumers. ASIC issued a hearing notice on 29 March to assess whether to revoke or suspend the AFS licence held by Oztures Trading Pty Ltd. ASIC Chair Joe Longo said: It…
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Cboe European Derivatives Exchange (CEDX) in turn reported 6,574 contracts last month, surpassing the previous record of 3,824 contracts in January 2023. The company's pan-European clearing house, Cboe Clear Europe, cleared a record 8 million trades on Euronext's stock exchanges in Amsterdam, Brussels, Paris, Lisbon, and Milan under the preferred clearing model. Cboe FX According…
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The average daily volume (ADV) in forex instruments stood at $6.8 billion. The figure grew 23.6% on monthly basis and 3% on yearly. The brokerage firm reported that demand in Equities also registered an uptick. The volume in March was $259.9 billion, strengthening by 25% compared to February. On yearly basis, the asset class rose…
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Adel Jibrin, the CEO and Managing partner of Hybrid Solutions, said: The integration of VertexFX Trading platform with Advanced Markets is a significant milestone. The partnership will provide VertexFX traders with access to institutional grade liquidity and advanced trading tools that were previously only available to institutional traders. The company is excited about the partnership…
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ATH Likely to be Challenged Technically, limited resistance is evident on the weekly timeframe, following the breach of resistance from $1,988. This paves the way for a run at the ATH of $2,070. You may recall that I highlighted the daily timeframe’s price action in the Weekly Market Briefing, paying specific attention to a clear-cut…
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