Fazzaco Weekly Digest: Jameel Ahmad Joins Alpari; NAGA Secures Seychelles License; Refinitiv Registers FX Trading ADV at $413 Bn
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. Jameel Ahmad Joins Alpari as Chief Investment Strategist
Alpari, a leading forex and CFDs broker, announced that it has lured Jameel Ahmad as Chief Investment Strategist. Jameel Ahmad is a well-respected multi-asset investment strategist and corporate ambassador with a wealth of expertise in the financial markets and fundamental analysis.
Fazzaco Hall of Fame 2022 to Make Debut Soon
In his new role at Alpari, Jameel will lead a team of analysts and oversee the education mission to keep clients informed on current market conditions. Jameel is also responsible for developing the Alpari brand profile through appearing on tier-one financial outlets.
2. Refinitiv Registers FX Trading ADV at $413 Bn, the Lowest in Two Years
Refinitiv, one of the world's largest providers of financial markets data and infrastructure, has released its financial results for August 2022, unveiling that its average daily volumes (ADV) of currency trading came in at $413 billion on the company's main FX trading services, which marks the weakest in two years.
Specifically, FX trading volumes across Refinitiv Matching and FXall platforms declined 6.6% from $442 billion in July 2022, and 3% from $422 billion in last same period. Also, compared to March's yearly high, the figure fell 16%.
3. MultiBank Group Promotes Ruslan Abuzant to Chief Strategy Officer
Fazzaco learned that MultiBank Group, a FX and CFD broker headquartered in Hong Kong, has announced the promotion of Ruslan Abuzant as the company's new Chief Strategy Officer.
On his Linkedin profile, Ruslan described himself as a seasoned engineer with vast experience in how to identify, define, analyse, prioritize and refine the product requirements and communicate those requirements to the development teams.
NAGA, a leading multi-asset neo-broker powered by a social network, announced that it has obtained a financial license from the Seychelles regulator to further boost its international presence.
"The license from Seychelles offers a fully regulated environment for our business outside Europe, it will enable us to strengthen banking and payment relationships and unlock significance for our B2B segment. In addition, customers are better protected. We have been working for several months on this license and are happy to get it operational in Q4," said Benjamin Bilski, Founder & CEO of NAGA.
5. OctaFX to Launch Native Trading Platform OctaTrader
OctaFX, a worldwide recognized forex brokerage firm, announced it will launch a native trading platform, OctaTrader, in the next few months.
OctaTrader is designed to allow users to trade, deal with accounts, manage money, and access to a variety of financial instruments for investment decisions-making and analyzing transactions in one application.
6. Finalto Adds JPY Cryptos for Trading
Finalto, a Leading institutional trading services firm, has futher expanded its offering in the Asian market with addition of cryptocurrencies denominated in Japanese Yen.
The new cryptocurrencies Finalto have added includes XLMJPY (Stellar / JPY), LTCJPY (Litecoin / JPY), BCHJPY (Bitcoin Cash / JPY), DOTJPY (Polkadot / JPY), DOGJPY (Dogecoin / JPY), XRPJPY (Ripple / JPY), ADAJPY (Cardano / JPY), BNBJPY (BNB / JPY) and ETHJPY (Ethereum / JPY). By adding these products, Finalto simplifies access to the crypto market for the worldwide traders.
7. Fazzaco Expo Dubai Concludes with Remarkable Achievements
The 2-day event, which took place at Festival Arena, Festival City, Dubai on Oct 12-13, has drawn to a successful conclusion and brought together thousands of visitors across the forex, crypto, and fintech industries who were all impressed by the grand displays, lucky draw activities, and non-stop lectures.
Fazzaco Expo Dubai featured 50+ top-flight exhibitors, whose support and commitment brought the event to life. The Expo offered free access to the public and organized grand lucky draw, pre-party, award ceremony, and thought-provoking seminars, giving all attendees an intimate and unmatched experience. The event was widely praised among exhibitors.
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