Fazzaco Weekly Digest: Devexperts Releases New Trading Platform; JPMorgan Starts Layoff; BDSwiss Promotes Natale Mastoroudes
Take a look at the latest happenings in this week's news digest from around the forex and fintech industry. Here are some of the top headlines from this past week.
1. Devexperts Releases New Trading Platform DXtrade XT for Brokers
Devexperts, a software company developing trading platforms for retail and institutional brokers, has announced the release of DXtrade XT, a trading platform for exchange-traded instruments: stocks (whole, in fractional or notional shares), options, mutual funds, and fixed income (bonds).
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The platform is now available to brokers from across the globe, looking to provide their traders with access to US-listed securities.
2. Eurex Introduces Its First Futures on Thematic Indices
Eurex, one of the world's leading derivatives exchanges, has introduced a new segment with the launch of its first thematic index futures. The new contracts are based on three indices from the STOXX Thematic Indices family, which are calculated by sister company Qontigo. Eurex is thus responding to the growing demand from many asset managers to align their investments with projected long-term structural trends that are transforming modern economies and societies.
3. Exclusive: BDSwiss Promotes Natale Mastoroudes to Chief People Officer
Fazzaco learned that leading multi-asset financial services firm BDSwiss has promoted Natale Mastoroudes as the company's new Chief People Officer.
As seen on her Linkedin profile, Natale joined BDSwiss in January this year as Head of HR. Before this role, FXPRIMUS procured her as Head of HR from June 2020. Q8 Trade Official utilised her services as HR Manager from July 2019 to June 2020. She also spent more than 7 years with Amdocs.
4. JPMorgan Starts Layoff in US Mortgage Arm over Surging Rates
JPMorgan Chase & Co. has started axing hundreds of employees in its mortgage business, as elevated inflation and rising mortgage rates hinder the housing business in the US.
Over 1,000 employees will be affected by the move, and around half of them will be transitioned to different divisions within the bank, reportedly.
5. PPRO Integrates Gojek's GoPay to Expand Coverage in Indonesian Market
PPRO, the leading provider of digital payments infrastructure, has integrated Gojek's GoPay e-wallet onto its platform, taking PPRO a step closer to offering complete Indonesian market coverage.
Now, with the addition of GoPay to the payments mix, PPRO's partners can offer Indonesian consumers the option to pay with almost all of the country's most popular payment methods, including BNPL Kredivo, paytech DOKU, and e-wallets Jenius Pay, OVO and LinkAja.
6. Vantage, Zenfinex, IronFX and Other Four Companies Are Hiring Now
In FX, CFD, fintech and crypto industries, Vantage, Zenfinex, Pepperstone and other 4 companies have announced hiring plans this week. Let us look at what jobs they're offering and what are the responsibilities.
7. Bloomberg Launches Tradable Trackers to Drive Innovation in Fixed Income Markets
Bloomberg announced today the impending launch of Tradeable Trackers, a suite of tradeable indices based on the Bloomberg Fixed Income Indices ("Bloomberg Indices").
Unlike traditional end-of-day indices, these rules-based indices have intraday pricing available, minimizing tracking error while enhancing transparency and price discovery. The Tradeable Trackers will also support innovation in the fixed income derivatives market via the development of standardized and listed products. These new indices will expand Bloomberg's comprehensive fixed income and derivatives offerings, and will provide clients with the ability to easily gain exposure to these markets.
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