Swissquote Themes Trading Update; PrimeXM April Volumes; Vantage's New BD Team Lead: Fazzaco Weekly Digest

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. Vantage Appoints Hamza AL-Sahouri as Business Development Team Lead​

Vantage, an ASIC-licensed Forex and CFD broker, has appointed Hamza AL-Sahouri as its Business Development Team Lead.

Hamza brings extensive sales experience to the company. Prior to joining Vantage, he served as Market Analyst and Middle East Team leader at Admirals, a global retail FX and CFDs broker formerly known as Admiral Markets.

2. PrimeXM Posts 1.37% MoM Growth in ADV in April 2022​

PrimeXM, a provider of FX trading industry technology, has released its Trading Volumes & Execution Statistics for April 2022. According to the press release, the company has set a new record of Average Daily Volume (ADV) in the month.

The ADV in April was $57.45 billion. This marks +1.37% MoM growth vs March and a strong +34.41% YoY increase. 

The highest daily trading volume of the month was recorded on the 25th of April with $79 billion turnover. London (LD4) continues to be the busiest data center where $931 billion were transacted. Tokyo (TY3) is second with $154 billion, NY4 with $115 billion and Singapore SG1 data center with $6.47 billion.

3. Swissquote Expands Themes Trading Lineup with Financial Cash Dividend Certificate​

Swissquote, Switzerland's leading bank in online financial services, has added Financial Cash Dividend Certificate to further expanded its Themes Trading offering.

The company's Financial Cash Dividend Certificate adopts a strategy designed to take advantage of current market conditions to invest in vetted global large cap financial services companies with above-average dividend yields and a maintainable dividend policy.

4. Saxo Bank Selects Adenza to Automate Risk Calculations and Regulatory Reporting

Adenza, the new company formed by the merger of Calypso Technology and AxiomSL to provide customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms, is now providing Basel-driven capital calculations and reporting for Saxo Bank. Adenza is supporting the bank's multijurisdictional capital and liquidity reporting requirements throughout Denmark, Switzerland and UK, with plans to expand into the Netherlands.

Saxo Bank has deployed Adenza ControllerView data integrity and control platform to power its new Regulatory Platform for Financial, Risk, Capital and Liquidity Reporting.

5. Nomura Launches New Crypto Subsidiary to Boost Digital Asset Growth​

Japan's largest investment bank Nomura has announced the launch of a new subsidiary, which reportedly will provide institutional clients and investors with products and services linked to cryptocurrencies, stable coins, decentralized finance (DeFi), non-fungible tokens (NFTs) and other tokens.

According to the bank, the new subsidiary will operate as a wholly owned segregated entity of NHI, with dedicated capital and resources to accelerate time-to-market and ensure the pace of innovation required in the digital asset ecosystem. It is reported that the new project, to be led by Nomura's current Chief Digital Officer for its wholesale business Jez Mohideen, will integrate 15 specialist staff from Nomura while employ about 100 people by the end of 2023.

6. Moscow Exchange Saw Decline in April's FX Trading Volume​

Moscow Exchange, the largest exchange group in Russia, has released key trading metrics for April 2022, reporting a decline in foreign exchange (forex) trading volumes.

According to the report, the total trading volumes across Moscow Exchange's markets reached RUB 88 trillion, compared with RUB 95.7 trillion in the same period in 2021.

7. CySec Requires Information on Cybersecurity Incidents in Light of Rampant Cyber-Attacks​

The Cyprus Securities and Exchange Commission ('CySEC') wishes herein to collect information on any cybersecurity incidents, in order to further assess cybersecurity risks and take any required actions. 

In order to support the monitoring and mitigation of this risk, CySEC wishes to collect information on any cybersecurity incident affecting Regulated Entities, in order to assess potential related targets in the market and take preventative/mitigating measures. Additionally, the collection of information will allow CySEC to collectively assess whether and how cyber risk is evolving in the market.