News Nuggets | 3 October: GMG Introduces MT5; IBKR Reports Lower DARTs in September

<p>Interactive Brokers Reports
Lower DARTs</p><p><a href="https://www.financemagnates.com/tag/interactive-brokers/" target="_blank" rel="follow">Interactive
Brokers Group</a>, a global electronic broker, released its monthly performance
metrics for September 2023. The report showed a decline in Daily Average
Revenue Trades (DARTs) of 8% compared to the previous year and 7% from the
prior month. </p><p>However,
client equity stood at $369.8 billion, marking a year-over-year increase of 29%
but a decrease of 2% from the previous month. The company also reported gains in
client margin loan balances and client accounts, among other financial metrics.</p><p>Global Markets Group
Introduces MetaTrader 5</p><p>UK-based
regulated broker Global Markets Group has launched the <a href="https://www.financemagnates.com/tag/metatrader/" target="_blank" rel="follow">MetaTrader 5</a> trading
platform for its clients. The new platform offers a range of advanced features,
including improved speeds, upgraded charting, and advanced trading tools. The
company believes that the shift to MetaTrader 5 will cater to the growing
interest in <a href="https://www.financemagnates.com/terms/m/multi-asset/">multi-asset</a> trading and offer a more powerful trading experience.</p><p>"Our
clients have the opportunity to trade various financial instruments based on a
wide variety of assets covering 71 currency pairs, 6 commodities/metals, as
well as 11 major indices, including FTSE 100, S&amp;P 500, Dow Jones 30 and DAX
30. We offer Raw Trading Accounts with some of the lowest possible spreads
available, such as an average EUR/USD spread of 0.1 pips with only a small
commission of USD3.50 per lot payable per side," Global Markets Group
representatives commented.</p><p>Swati Saxena Joins ADSS as
SRM</p><p>The FC/CFDs industry veteran with over 15 years of experience, Swati Saxena, informed this
week that she had joined <a href="https://www.financemagnates.com/tag/adss/" target="_blank" rel="follow">ADSS </a>as the Senior Relationship Manager (SRM). Previously, Saxena
worked for almost three years for INFINOX Global in the Institutional Sales and Business
Development Department.</p><p>In the past,
Saxena was associated with CFI, Windsor Brokers, Hantec Markets, X Open Hub. Her first known position was at BGC Partners where she spent more than five years.</p><p>"I’m happy to share that I’m starting a new position as Senior Relationship Manager at ADSS," ADSS' new SRM commented.</p><p>UOB Joins LCH's SwapClear
and ForexClear</p><p>United
Overseas Bank (UOB) has become a direct <a href="https://www.financemagnates.com/terms/c/clearing/">clearing</a> member of LCH SwapClear and
ForexClear, marking a significant milestone for <a href="https://www.financemagnates.com/tag/lch-clearnet/" target="_blank" rel="follow">LCH</a> in the Asia Pacific region.
UOB is the first bank in Southeast Asia to join ForexClear and the first member
globally to join both clearing services simultaneously. The membership is
expected to provide UOB with various financial and operational efficiencies.</p><p>"We
are delighted to welcome UOB as a member of our SwapClear and ForexClear
services, which is testament to the vibrant banking landscape in APAC and more
specifically, Singapore. APAC is a key strategic market and growth driver for
LCH, and we are committed to enabling our members to benefit from economies of
scale, along with margin, capital, and operational efficiencies that our
services deliver," Isabelle Girolami, the CEO of LCH Ltd, said.</p><p>big xyt Unveils Real-Time
Analytics Service</p><p><a href="https://www.financemagnates.com/tag/big-xyt/" target="_blank" rel="follow">big xyt</a>, a smart
data and analytics solutions provider, has launched a real-time data analytics
service. Developed in collaboration with one of the world's largest asset
managers, the service processes billions of messages daily and offers a variety
of use cases for the trading and investment industry. The analytics service
aims to provide accurate and reliable market share and volume calculations
intra-day.</p><p>"We
have established a strong reputation with leading buy-side firms as the 'Golden
Source' for European securities data. We are delighted to be able to take our
proven data analytics expertise to the next level to meet growing industry
demand for consolidated, normalised and real-time data analytics on European
markets liquidity, particularly with respect to off-book volumes," Robin
Mess, the CEO and Co-Founder at big xyt, said.</p><p>Sygnum Singapore Receives
Major Payment Institution License</p><p>Sygnum
Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, has
received a Major Payment Institution license from the Monetary Authority
of <a href="https://www.financemagnates.com/tag/singapore/" target="_blank" rel="follow">Singapore</a>. The license will allow the company to offer crypto brokerage
services to accredited investors and institutions in Singapore.</p><p>APRA and ASIC Implement
Financial Accountability Regime</p><p>The
Australian Prudential Regulation Authority (APRA) and the Australian Securities
and Investments Commission (<a href="https://www.financemagnates.com/tag/asic/" target="_blank" rel="follow">ASIC</a>) have introduced the Financial Accountability
Regime (FAR). </p><p>The FAR
aims to strengthen the responsibility and accountability framework for entities
in the banking, insurance, and superannuation industries.</p><p>"We
believe the regime will increase transparency and accountability in financial
firms and help embed a culture of accountability for misconduct at an
individual level – accountable individuals will need to understand and closely
engage with their obligations under the FAR," Sarah Court, the Deputy Chair at ASIC,
commented.</p><p>TradingView Advanced
Charts Integrated into CoinDesk</p><p>CoinDesk
has integrated <a href="https://www.financemagnates.com/tag/tradingview/" target="_blank" rel="follow">TradingView Advanced Charts</a> into its interface, providing users
with real-time quotes and dynamic software for market analysis. The integration
aims to offer traders more in-depth financial research tools and prepare them
for crypto market movements.</p><p>"We
believe that integrating TradingView tools into the CoinDesk interface will
help traders make more informed decisions and navigate crypto markets more
confidently and precisely," TradingView commented.</p><p>Goldman Sachs Appoints New
Head for Australia and New Zealand ECM</p><p>Goldman
Sachs has named Aaron Lamshed as the new head of equity capital markets
advisory for Australia and New Zealand. The appointment comes as the bank's
existing ECM Chief, Ian Taylor, steps aside to take on a corporate role. </p><p>The change
is part of a series of shifts in the bank's upper management in the region.</p>

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