Cboe Hires Wei Liao to Lead Launch of Market Intelligence and Content Franchise in APAC LeapRate

April 14, 2025 BY Sam Boughedda

Cboe Hires Wei Liao to Lead Launch of Market Intelligence and Content Franchise in APAC

The firm explained that based in Hong Kong, Ms Liao will oversee the delivery of data-driven insights tailored to APAC clients, aiming to deepen engagement and education around Cboe’s derivatives offerings. The expansion is said to reflect rising demand for derivatives trading, analytics and client support across institutional and retail investors in the region. “With…

April 14, 2025 BY Sam Boughedda

HSBC Exploring Move into Private Credit Market – Reuters

The bank has reportedly held early-stage discussions with several private credit firms to explore potential partnerships. Rather than launching a full-scale private credit operation, the report states that HSBC is considering a more measured approach, with some executives said to be expressing caution about the potential cost versus revenue benefits. One source told Reuters that…

April 02, 2025 BY Sam Boughedda

IG Group Completes Freetrade Acquisition

The deal, first announced in January, was finalised on 1 April 2025. Freetrade will continue to operate as a standalone brand, with co-founder and CEO Viktor Nebehaj and his leadership team remaining in place. Nebehaj said the acquisition would allow Freetrade to “fast-track the rollout of new products and features” while accelerating growth. Meanwhile, IG’s…

April 02, 2025 BY Sam Boughedda

Axi UK Revenue Jumps to $39 Million in 2024

The UK subsidiary of Australian retail CFD broker Axi revealed in its recently published annual financial statements that it also saw net profit rise 89.5% to $3.92 million, despite a decline in client money balances to $19.3 million from $21.3 million. Operating profit grew to $3.45 million, while the cost of sales nearly doubled to…

April 02, 2025 BY Sam Boughedda

BGC Group Completes OTC Global Holdings Acquisition

The deal is expected to be immediately accretive, with OTC generating over $400 million in revenue in 2024, representing an acquisition multiple of less than 0.8 times revenue. "The completion of this acquisition marks a transformative step for BGC, that firmly establishes our company as the world's premier energy, commodities, and shipping broker," said Sean…

April 02, 2025 BY Sam Boughedda

Interactive Brokers Reports 44% Surge in March Daily Average Revenue Trades

However, trading activity declined 4% from February, according to the latest brokerage performance report. Client accounts rose 32% from the previous year to 3.62 million, with 87,700 new accounts added in March. However, the brokerage said 13,300 accounts were escheated to governmental authorities as required by law. Client equity stood at $573.5 billion, up 23%…

March 31, 2025 BY Sam Boughedda

CFI Launches CFI Prime for Institutional and Professional Traders

The company said CFI Prime provides access to deep liquidity pools sourced from Tier-1 banks and top Prime-of-Prime brokers. The platform is also expected to deliver a broad range of asset classes through a single connection, while its low-latency hubs ensure fast execution. “CFI Prime marks a significant milestone, enabling us to provide sophisticated services…

March 27, 2025 BY Sam Boughedda

AJ Bell to Sell Platinum SIPP and SSAS Business to InvestAcc Group

The firm announced the news on Thursday, saying it expects to complete the sale in the second half of 2025, with 3,600 customers and £3.2 billion in assets under administration transferring to InvestAcc. Under the agreement, AJ Bell will receive £18.5 million upon completion, comprising £17.5 million in cash and £1 million in new InvestAcc…

March 27, 2025 BY Sam Boughedda

Trump’s New Tariffs Shake Markets: What Traders Need to Know

Wall Street rebounds, but sentiment stays fragile The S&P 500 bounced nearly 2% on Monday as traders bet the White House might ease back on the scope of new tariffs. That optimism spilled over to Asia, where the Hang Seng and Nikkei saw modest gains. However, this rebound came amid falling US consumer confidence, with…

March 27, 2025 BY Sam Boughedda

Robinhood to Launch Robinhood Banking Later This Year

The brokerage said the service is set to launch later this year and will provide a range of private banking-style benefits, including high-yield savings, global money transfers, and exclusive event access. According to Deepak Rao, GM and VP of Robinhood Money, “With Robinhood Banking, we’re trying to solve many of the challenges presented by legacy…

Category: Forex