News Nuggets | 2 November: RoboForex's New Commissions in CopyFX; IBKR Reports Lower DARTs

<p>Interactive Brokers Group
Shares Monthly Metrics</p><p><a href="https://www.financemagnates.com/tag/interactive-brokers/" target="_blank" rel="follow">Interactive
Brokers Group</a> has disclosed its brokerage metrics for October 2023. The report
indicates a slight decrease (2%) in Daily Average Revenue Trades (DARTs) to 1.943
million compared to the previous year but an increase (8%) from the previous
month. </p><p>Client
equity has seen a substantial year-over-year (YoY) increase, although there was a slight dip
compared to the previous month. The report also shows a rise in client margin
loan balances and a stable increase in client credit balances. The number of
client accounts continues to grow, reflecting the broker's expanding customer
base.</p><p>RoboForex Introduces New
Commission Models</p><p><a href="https://www.financemagnates.com/tag/roboforex/" target="_blank" rel="follow">RoboForex
</a>has introduced new commission structures for its CopyFX service on the MT5
platform, offering Performance Fee and Subscription Fee models. These models
are designed to benefit both traders and investors, aligning traders' earnings
with the profits of their investors. </p><p>The
Performance Fee model allows traders to earn a share of the profits from the
trades copied by their subscribers, while the Subscription Fee model provides a
fixed commission. This symbiotic approach aims to incentivize traders to
improve their strategies, thereby potentially increasing profits for both
parties.</p><p>CopyFX on
MT5 also boasts a low minimum deposit requirement and advanced trading tools,
enhancing its appeal to traders and investors alike.</p><p>Bitfinex Expands Language
Support</p><p>Bitfinex, a
leading digital token <a href="https://www.financemagnates.com/terms/t/trading-platform/">trading platform</a>, has announced the addition of
Vietnamese language support to cater to its growing Vietnamese-speaking user
base. This move is part of Bitfinex's commitment to making its platform more
accessible globally. </p><p>Vietnamese
traders can now navigate the platform in their native language, trade a wide
range of digital assets, and access comprehensive resources to improve their
trading knowledge. Bitfinex's platform now supports eight languages, reflecting
its international expansion efforts.</p><p>"Vietnam
is one of the most dynamic and fastest-growing crypto markets globally. We
already have a substantial base of Vietnamese customers who have chosen
Bitfinex for their digital asset trading needs," stated Paolo Ardoino, the
CTO of <a href="https://www.financemagnates.com/tag/bitfinex/" target="_blank" rel="follow">Bitfinex</a>. </p><p>SIX and BME Exchanges
Report Monthly Figures</p><p><a href="https://www.financemagnates.com/tag/six/" target="_blank" rel="follow">SIX Swiss
Exchange</a> and BME Exchange have released their combined trading and listing
figures for October 2023. The data shows an increase in turnover in both CHF
and EUR compared to the previous month, with a 11% year-over-year (YoY)
increase as well. To CHF 125,133 million (EUR 130,301 million).</p><p>However,
there has been a significant year-to-date decrease in turnover and
transactions. </p><p>Deutsche Börse Cash Market
Trading Volumes</p><p><a href="https://www.financemagnates.com/tag/deutsche-borse/" target="_blank" rel="follow">Deutsche
Börse's</a> cash markets saw a turnover of €95.58 billion in October 2023. Xetra
accounted for the majority of this turnover, with an average daily trading
volume of €4.22 billion. </p><p>Equities
dominated the trading volume, followed by ETFs/ETCs/ETNs, and bonds. SAP SE was
the most traded stock on Xetra, while the iShares Core MSCI World UCITS ETF led
the ETF segment. </p><p>FMA's Regulatory Updates
and Warnings</p><p>The
Financial Markets Authority (<a href="https://www.financemagnates.com/tag/fma/" target="_blank" rel="follow">FMA</a>) of New Zealand has issued warnings against
Vaquita Capital and MaxTradeCap, advising caution due to signs of potential
scams and false claims. </p><p>Additionally,
CTRL Investments Limited received an infringement notice for failing to file
financial statements on time, emphasizing the importance of timely and reliable
financial disclosures. </p><p>Hong Kong's SFC Endorses
New Fund Distribution Platform</p><p>The
Securities and Futures Commission (<a href="https://www.financemagnates.com/tag/sfc/" target="_blank" rel="follow">SFC</a>) of Hong Kong has expressed support for
a new integrated platform for the distribution of retail funds. This platform
is part of a broader initiative by the government to synergize <a href="https://www.financemagnates.com/terms/f/fintech/">fintech</a> with the
real economy. Developed by the Hong Kong Exchanges and Clearing Limited (HKEX),
the platform will initially serve businesses and aims to streamline the entire
distribution process for SFC-authorized funds. </p><p>Christina
Choi, the SFC's Executive Director of Investment Products, highlighted that the
platform is anticipated to create new business avenues, enhance market
participation, and solidify Hong Kong's status as a premier global asset and
wealth management hub. </p><p>Leadership Changes at
Nomura Financial Products Europe</p><p><a href="https://www.financemagnates.com/tag/nomura/" target="_blank" rel="follow">Nomura</a>
Financial Products Europe has announced the retirement of CEO Markus Sauerland,
with Shogo Ohira set to take over the role. Ohira, who has a long-standing
career with Nomura, will also maintain his position as Country Head of Germany.
</p><p>Christoph
Heins, a recent addition from Commerzbank, will become Deputy CEO. These
leadership changes are part of Nomura's strategic positioning in the European
market, with the transition supported by Sauerland's advisory role until the
end of the financial year.</p>

This article was written by Finance Magnates Staff at www.financemagnates.com.