Fazzaco Weekly Digest: OKX's Appointment of Maria Stankevich; Michael Logue Rejoins IG Group; Infinox Capital UK FY22 Results
Take a look at the latest happenings in this week's news digest from around the forex, fintech and crypto industry. Here are some of the top headlines from this week.
1. OKX Appoints Maria Stankevich as Director of Institutional Sales
OKX, the world's second largest crypto exchange by volume and a leading web3 platform, has appointed Maria Stankevich as its Director of Institutional Sales for the Commonwealth of Independent States (CIS) and Europe, Middle East and Africa (EMEA).
Maria brings over a decade of experience in business development, sales, PR and marketing to OKX. As seen on her linkedIn profile, prior to OKX, Maria had been with an UK based cryptocurrency exchange EXMO for 5 years, where she joined as Head of Communications in Jan. 2018 and promoted as Chief Business Development Officer in Feb. 2019.
2. Michael Logue Rejoins IG Group as Head of Product and Marketing, Europe
IG Group, a global online trading company providing CFDs and Forex, has named Michael Logue as its Head of Product and Marketing, Europe, according to Michael's LinkedIn post.
Michael joined IG from tastytrade, a financial investing network that has been acquired by IG in June 2021. During his time at tastytrade, he worked as VP of Growth. Prior to that, he has spent more than a decade at IG, with multiple positions including Global Head of Advertising, Global Head of Client Acquisition, Head of Marketing Intelligence, and Lead Analyst.
3. Infinox Capital UK Achieves 100%+ Increase in FY22 Revenues, Mainly due to IXO Prime Launch
Infinox Capital Limited, a London-based brokerage, has published its yearly financials for its operations in the United Kingdom for the year ended March 31, 2022, showing a strong operating result.
According to the figures, the company's revenue for the year came in at £17.1 million, up over 104 percent compared to the previous year's £8.4 million. Considering £8.5 million cost of sales and £7.2 million administration expenses, Infinox Capital UK £1.33 million operating profit.
Fazzaco has declared the closing of the 2022 Hall of Fame voting on Friday. Officially kicked off on November 21, the voting period lasted through December 16, with the total votes exceeding 2 million. It was the step two following the Hall of Fame Nomination Period declared closed on November 20, through which a total of 170+ nominations were approved.
5. Exclusive: Clients Profitability of 36 Retail Brokers, Min Loss Hits 43.33% in December
Fazzaco has collected a total of 36 retail brokers' data from December 2022 to see the dealings of brokers and retail traders.
The average losing rate for these 36 brokers came in at 73.49%. That is to say, 26.51% of retail investor accounts make profits when trading CFDs with these providers.
Blackwell Global ranks number one for 56.67% winning ratio. TeraFX is in second place with 40.66% winning rate. Other brokers in the top 5 are also notable: FXOpen(40%), ThinkMarkets (39.7%), and Darwinex (37%).
6. Skilling Sees Jump in Its Trading Volumes and Registered Users
Skilling, the Scandinavian-owned, international multi-asset fintech company has announced a 30% increase in registered users and a 22.6% increase in trading volumes in the last three months— significantly higher than the same period in previous years and mirroring the company's continuous strong growth since the beginning of the year.
Skilling has seen a 36% increase in volumes from the same period last year, and has registered an exponential increase across all key trading metrics.
7. Year in Review: The Remarkable Achievements That Define Fazzaco in 2022
The year of 2022 witnessed Fazzaco's continuous effort to help businesses and individuals in the forex and fintech industries unlock growth. Fazzaco's 2022 highlights include the following new launches.
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