NAGA stated in their update that the assets under custody have increased to EUR 35 million, representing a growth of 45% compared to the previous reported HY1 2022 figure of EUR 24 million. Additionally, the company said it lowered its monthly cost to an average of EUR 3.3 million during Q1 2023, a 40% decrease…
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March Performance During last month, Interest Rate ADV increased 40% on yearly basis The Group saw record numbers of contracts traded in March with Secured Overnight Financing Rate (SOFR) futures reached a record ADV of 5,158,969 contracts on 9 March. The marketplace’s SOFR options ADV hit at a record 2,943,422 contracts on the same day.…
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Previously, Wheelwright held several positions at NatWest Group, including Managing Director, where he co-founded Bó, a digital retail bank, and served as its Chief Operating Officer. Additionally, he was the Chief Administrative Officer of NatWest Markets, the Group's capital markets arm, and led the £500 million digital transformation program. Wheelwright 's career began as a…
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Trading volumes on Börse Frankfurt in March 2023 came in at €3.79 billion (February 2023: €2.93 billion). Last month, Equities on Deutsche Börse generated €116.44 billion and trading in ETFs/ETCs/ETNs accounted for €21.43 billion of the turnover. Bonds recorded €1.05 billion, certificates €1.24 billion and funds brought in €0.05 billion. Allianz SE was the DAX…
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Dollar-loonie is likely to be highly active later this week because of the respective countries’ job reports on Thursday and Friday. Since the NFP has consistently been higher than expected in 2023 so far, it wouldn’t be very surprising to see a stronger result on Friday with a kneejerk higher for USDCAD. That could provide…
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Lars Holst, Founder and CEO, GCEX commented: The introduction of XplorDigital and our new platforms is a major step forward for GCEX, propelling us to the next level. At GCEX, we continually invest in and develop our technology in order to maintain our market leadership position and enhance our institutional clients’ experience through easy-to-use solutions,…
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On yearly basis, however, last month’s ADV dropped 4.8% compared to March 2022. Last month, FXSpotStream’s overall volume stood at $1.54 trillion. The numbers rose 22.2% from the $1.26 trillion, recorded in February 2023. The overall trading volume of the firm has surpassed $1 trillion for every month of 2022 and it is continuing the…
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The Financial Conduct Authority (FCA) has approved the calculation of the three US dollar LIBOR settings by the ICE Benchmark Administration Limited (IBA), using "the relevant CME Term Secured Overnight Financing Rate (SOFR) Reference Rate plus the respective ISDA fixed spread adjustment." FCA’s Monday statement said that the overnight and 12-month US dollar LIBOR settings…
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IG Group’s acquisition of The Small Exchange will allow the Group to continue expanding its range of products and services in the US and to leverage the Small Exchange’s trading technology. Tom Sosnoff, Founder, tastylive, said: We’re excited to have had the opportunity to reacquire the Small Exchange. The future of market structure in the…
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Adrian Ip, Managing Director, Aquis Technologies, said: With the ability to run an exchange system without the need for shut-down, our ambition to offer “exchanges as a service” has now become a reality. In the past, exchange technology providers have always been limited by the fact that different exchanges have different time zones and therefore…
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