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Shortly after electronic trading major IG Group Holdings plc (LON:IGG) announced the completion of its acquisition of tastytrade, the company has updated on its US business plans. The tastytrade acquisition is a strategic transaction that expands and diversifies the Group’s growth drivers through entry into the world’s largest listed derivatives market, IG Group’s CEO June…

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Electronic trading major IG Group Holdings plc (LON:IGG) has just reported a set of solid results for the financial year ended 31 May 2021. Net trading revenue for FY21 was up 31% year-on-year to £853.4 million (FY20: £649.2 million). Excluding one-time hedging costs associated with the financing of the tastytrade acquisition, adjusted net trading revenue…

Read More “IG Group reports steep rise in revenues, active client numbers in FY21” »

Nasdaq, Inc. (NASDAQ:NDAQ) today reported financial results for the second quarter of 2021. Second quarter 2021 net revenues were $846 million, an increase of $147 million, or 21%, from $699 million in the prior year period. Net revenues reflected a $104 million, or 15%, positive impact from organic growth, a $27 million increase from the…

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MarketAxess Holdings Inc (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced results for the quarter ended June 30, 2021. Total revenues for the second quarter of 2021 decreased 4.6% to $176.3 million, compared to $184.8…

Read More “MarketAxess reports slight decrease in revenues in Q2 2021” »

The UK Financial Conduct Authority (FCA) today published financial promotions data for the second quarter of 2021. The data show the number of financial promotions that have been amended or withdrawn due to non-compliance with FCA’s rules for the second quarter of 2021. The FCA undertakes many reviews of firms’ financial promotions, which are identified…

Read More “FCA orders 84 promotions to be amended or withdrawn in Q2 2021” »

Following the successful completion of the Readiness Test on 3 July 2021 with satisfactory results obtained, Hong Kong Exchanges and Clearing Limited (HKEX) today announces the additional two Matching Engines (ME) will be put into production from Monday, 2 August 2021. Upon the production of the two new MEs, HKEX will allocate some of the…

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Following the announcement of Offer Price published earlier today in connection with its initial public offering (IPO), Bridgepoint confirms that the Prospectus has been approved by the UK Financial Conduct Authority (FCA) and has been published by the company today. Admission of the company’s entire issued ordinary share capital to the premium listing segment of…

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About a fortnight after O’Shea Jackson, known as Ice Cube, filed an amended complaint against Robinhood, the online trading app has responded to the allegations, asking that the Court dismisses the complaint. According to documents filed by Robinhood on July 20, 2021 at the California Northern District Court, Robinhood Markets, Inc. and Robinhood Financial LLC…

Read More “Robinhood seeks to dismiss Ice Cube’s amended complaint” »

Bermuda domiciled electronic trading venue 24 Exchange has announced that it has been granted a “Class T” Digital Asset Business license by the Bermuda Monetary Authority (BMA), to offer cryptocurrency trading on its institutional-grade platform. The license was granted in accordance with the Bermuda Digital Asset Business Act 2018. With the BMA license in place, 24…

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UK financial trading and sports betting firm Spreadex has announced that it has “reached the Premier League” by becoming the principal front of shirt partner of Burnley Football Club for the coming season. Burnley FC placed 17th in this past year’s Premier League standings narrowly avoiding relegation. The Spreadex Sports logo will be worn by…

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