Fazzaco Weekly Digest: Exness Sees 1.2% MoM Increase in July Client Trading Volumes; BDSwiss Names New BD Manager; JP Morgan Launches Cross-border Liquidity Solution in Saudi Arabia

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. Exness Sees 1.2% MoM Increase in Client Trading Volumes for July​

Retail FX and CFDs broker Exness has posted its trading volumes for the month of July, showing a slight jump compared to the previous month.

More specifically, the broker recorded client trading volumes of $2.275 trillion, up by 1.2 percent compared to the prior month's $2.249 trillion. 

2. BDSwiss Appoints Martha Leventi as Business Development Manager

leading multi-asset financial services firm BDSwiss has continued its recruiting drive, adding Martha Leventi as the company's Business Development Manager.

Martha brings with extensive experiences in sales, strategic partnerships, business development, partner relationship management and communication. In her new role, she will be based in Limassol, Cyprus, and will be responsible for driving the broker's business development activities. 

3. JP Morgan Launches Cross-border Liquidity Solution in Saudi Arabia​

JP Morgan Payments has launched a cross-border liquidity solution in Saudi Arabia, allowing clients to connect to liquidity pools in London and other international cities.

The service will provide users with a pipeline to link their balances to liquidity structures worldwide. The main features of the product include optimising liquidity in Saudi Arabia, automating cash consolidation from multiple accounts into a single account, and maximising connections to offshore structures.

4. Coinbase Enters into Partnership with World's Largest Asset Manager BlackRock

Crypto exchange Coinbase has announced that it has entered into a partnership with BlackRock, a leading global asset management firm. Coinbase will connect to Aladdin, BlackRock's end-to-end investment management and operations platform, allowing the asset manager's institutional clients, including asset allocators, financial institutions, hedge funds and the corporate treasures, to directly access to crypto.

Under the partnership, Aladdin users will be able to manage their bitcoin exposures directly in their existing portfolio management and trading workflows for a whole portfolio view of risk across asset classes. The collaboration will focus on Bitcoin first, and more token may be launched in the future.

5. Saxo Bank Posts 24% MoM Decline in FX Trading Volume in July​

Copenhagen's Saxo Bank has published its trading metrics for the month of July 2022, showing a decline in trading volumes across all its divisions.

According to the latest figures, the total trading volume for the month came in $322 billion, decreasing 19.3 percent on a month-to-month basis from June's $398.8 billion. Additionally, the total average daily volume in July was $15.3 billion, which was 12 percent lower than last month's $18.1 billion.

6.eToro (Europe) Limited Receives Registration from OAM to Operate in Italy

eToro, an Israeli social trading and multi-asset brokerage company, has received registration from the Organismo Agenti e Mediatori (OAM) in Italy as a cryptoasset provider.

With this registration, eToro will be able to offer a suite of products and services to Italian customers in compliance with local regulations.

7. Spotware's cTrader Announces Integration with Panda's CRM and Client Area​

Spotware Systems (Spotware), a leading developer of trading platforms for brokers, has announced the integration of its cTrader with Panda Trading Systems's flagship CRM platform and Client Area.

The integration adds another premium CRM solution to the range of CRM integrations available to cTrader brokers. Once the integration is complete, cTrader users will be able to manage their trading accounts through Panda's Client Area. Meanwhile, Panda CRM will allow the behind-the-scenes brokers to achieve group management, leverage management, funding, bonuses, as well as a comprehensive real-time view of client transactions and positioning.