News Centre

Crypto Shark Clients To Share 'Record-High' Bonus Pool After Strong 2022

Date 06/02/2023

Crypto Shark have paid "record-high" bonuses of €5million to clients after ending 2022 strongly, with better than expected revenue, up 10%, and profit up 23%. The UK owned, Gibraltar based crypto group made a huge operating profit, which pushed up its margin to 18% — among the highest in the crypto trading sector. Crypto Shark boosted its 2022 performance with a strong Q4, which was up 9.4%, including "outstanding" growth of 38% in the UK, where there was increased client demand for their consistent algorithmic trading and consulting.

Improving Investor Sentiment Brings Year-To-Date Inflows To US$230m - CoinShares: Fund Flows

Date 06/02/2023

• Digital asset investment products saw inflows totalling US$76m last week, the 4th consecutive week of inflows with year-to-date inflows now at US$230m, highlighting a decisive change in investor sentiment for the beginning of 2023.
• Bitcoin continues to be the primary investor focus, with inflows totalling US$69m, representing 90% of the total flows for the week.
• Despite the improving clarity around unstaking, Ethereum saw only US$0.7m of inflows.

Broadridge Leverages Point Focal On Alternative Data Driven Insights

Date 06/02/2023

To provide clients with better access to innovative portfolio analytics and alternative data driven quantitative insights, global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), today announced a strategic partnership with analytics solution provider, Point Focal. This collaboration will bring Point Focal’s insights to NYFIX, Broadridge’s order-routing network platform, providing automated reports that combine relevant data, visual analytics, and Natural Language Processing (NLP), quickly exposing signals to improve single stock and portfolio performance while de-risking exposure.

Turning Points And Monetary Policy Strategy - Speech By Catherine L. Mann, Bank Of England, Member Of The Monetary Policy Committee, Given At The Lámfalussy Lectures Conference In Budapest, Hungary

Date 06/02/2023

Catherine L. Mann talks about how we use data to spot turning points in the economy. She explains how that feeds into her policy decision.

Themis Appoints New Chairman Following Closure Of Pre-Series A Funding Round

Date 06/02/2023

Matthew Hurn OBE has been appointed as Chairman of award-winning digital financial crime platform Themis. This follows Themis’ announcement last week of successfully overfunding in their Pre-Series A round, raising a total of £3.1 million. Effective 1st February, Hurn succeeds Richard Reid, who retires after serving as Chairman for the past three years. Reid remains on the Advisory Board as a trusted Senior Advisor.

HKEX Monthly Market Highlights

Date 06/02/2023

Highlights

- Securities Market

• Market capitalisation was $39.0 trillion at the end of January 2023, an increase of 9 per cent from $35.7 trillion at the end of December 2022.
• The average daily turnover in January 2023 was $140.0 billion, an increase of 3 per cent when compared with $135.5 billion in December 2022, and an increase of 9 per cent from $128.6 billion for the same period last year.
• The average daily turnover of ETFs in January 2023 was $13.6 billion, an increase of 92 per cent when compared with $7.1 billion for the same period last year.
• The average daily turnover of L&I Products in January 2023 was $2.5 billion, an increase of 108 per cent when compared with $1.2 billion for the same period last year.
• There were 10 newly listed companies in January 2023, compared with 4 for the same period last year.

Year In Review 2022: Record-Breaking Year For Financial Sector Jobs In England And Wales

Date 06/02/2023

• Financial services vacancies in London were up 27.4% on 2021
• Q1 2022 was the peak quarter for jobs in the Fintech sector
• Vacancies for IT professionals sought-after despite decrease of -9.3%
• Radius Payment Solutions was the busiest Fintech firm in 2022

Time Running Out For Buy-Side On SEC MiFID II No-Action Letter Expiry - Latest Substantive Research Survey Shows The Markets Are Unprepared For Iminent Structural Changes Impacting The Investment Research Industry From Summer 2023

Date 06/02/2023

• Asset managers are increasingly doubtful that brokers will solve research payment challenges by becoming Registered Investment Advisors (RIAs) - 73% now do not expect US brokers to register as RIAs (vs. 33% in Aug 2022).
• On the likelihood of European asset managers solving the issue by creating structures to generate commissions from trading, the number of firms that will ‘definitely not adapt their processes’ rose to 43% from 36% last year.
• On US brokers being paid via their European business units as a solution to the problem, 60% of respondents thought this the most likely outcome (unchanged from last year), but the number saying this would not work grew from 11% to 23%. 

Cryptoasset Firms Marketing To UK Consumers Must Get Ready For Financial Promotions Regime

Date 06/02/2023

All cryptoasset firms marketing to UK consumers, including firms based overseas, will soon need to comply with the new UK financial promotions regime. Firms must start preparing now for this regime. We will take robust action against firms breaching these requirements.

Circular On Self-Regulatory Measures Taken By CFFEX In January 2023

Date 06/02/2023

To prevent market risks, maintain the orderly operation of the market and protect investors’ legitimate rights and interests, China Financial Futures Exchange (CFFEX) took the following self-regulatory measures against violations of exchange rules in January 2023.