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FNG Exclusive… FNG has learned that leading UK online broker IG Group (LON:IGG) has promoted Nicos Demetriades to the position of Managing Director and Head of its Cyprus based operation, BrightPool Ltd. IG established BrightPool in 2019 as a CySEC licensed entity. BrightPool is a multi-asset market-making service provider serving the greater IG Group companies….

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Online trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for December 2021, with trading volumes down in both annual and monthly terms. Interactive Brokers reported 2.229 million Daily Average Revenue Trades (DARTs), 3% lower than prior year and 20% lower than prior month, when DARTs were 2.793 million. Ending…

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With its plan to go public via a merger with special purpose acquisition company (SPAC) FinTech Acquisition Corp V in trouble, Retail FX broker eToro has filed with US regulators updated plans that indicate it has renegotiated some aspects of the merger agreement – including a much lower valuation for eToro. While the original deal…

Read More “eToro tries to save SPAC IPO, lowering valuation 15% to $8.8B” »

As 2021 draws to a close, online broker eToro is taking its time to reflect on its achievements throughout the year. Early on in the year, eToro reached a huge milestone: celebrating its record number of users on the platform – an astonishing 20 million. The company has grown since then (by an extra few…

Read More “eToro adds 898 assets to offering in 2021” »

Euronext, the leading pan-European market infrastructure, registered record activity on primary markets in 2021, confirming its leading position as an equity listing venue in Europe. Euronext is the home to 1,959 listed equity issuers, worth €6.9 trillion in all. In 2021, Euronext welcomed 212 new equity listings, an all-time record, representing an aggregated market capitalization…

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Electronic trading major Interactive Brokers Group, Inc (NASDAQ:IBKR) has expanded the range of products available to trade on the IBKR platform. Below is a list of the most recent additions: Cboe Mini-Russell 2000 Index Options (MRUT) CME Group CME Micro Ether Futures (MET) CME Micro Treasury Yield Futures – 2 Year (2YY) CME Micro Treasury…

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The London Stock Exchange views 2021 as a year of progress. The FX business of the Exchange expanded and innovated this year, increasing volumes and adding more than 200 customers to its portfolio. LSE launched new capabilities in FXall and Matching, helping its customers to trade more efficiently, confidently, and profitably and it enhanced liquidity…

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Electronic trading major IG is expanding its offering of trading instruments via the addition of inflation indices. Clients of the broker can now get exposure to inflation all in one place with IG’s unique inflation indices. With IG, traders can take a position on the indices using spread bets and CFDs. Both are derivative products,…

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While the COVID-19 pandemic continued to march on from 2020 affecting every part of the business and financial world, the Retail FX industry had another fantastic year in 2021 as conditions remained conducive to business. Financial volatility remained, although somewhat muted as compared to 2020. More and more retail (and institutional) traders became interested in…

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Citadel Securities has agreed to pay a fine of $15,000 as a part of a settlement with the Nasdaq Stock Market LLC. The broker-dealer allegedly violated Nasdaq rules between August 15, 2014 and May 2, 2018. During the review period, Citadel Securities had market access, as defined in Exchange Act Rule 15c3-5. As such, the…

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