FX week in review: Swissquote campaign, Robinhood competitor, Cboe in Canada
Exclusive coverage and details of Swissquote’s newly-minted ad campaign for its Swiss DOTS warrants trading product…..
The latest competitor to Robinhood to launch in the US…..
Details on the Cboe’s first major acquisition north of the border and its plans to expand further in Canada…..
These stories and more appeared in FNG this week. Some of the top forex industry news items to appear on the pages of FNG included:
Exclusive: Swissquote launches new marketing campaign for Swiss DOTS. FNG Exclusive… FNG has learned that Switzerland online trading leader Swissquote is launching a new ad and marketing campaign around its Swiss DOTS product. Swiss DOTS was launched by Swissquote in 2013 as an OTC trading platform for derivative products in collaboration with UBS, Goldman Sachs, Commerzbank, Vontobel and Deutsche Bank (which withdrew its offering from Swiss DOTS as at the end of 2019). The Swiss DOTS universe comprises over 90,000 derivatives with various underlyings including equities, indices, ETFs, currency pairs and commodities.
Latest Robinhood competitor All of Us launches, raises $3.5M. The success of Robinhood in shaking up the world of online retail investing (while reaching astronomical, beyond-unicorn valuation) has spawned a number of competitor sites and businesses, with the latest being the newly-launched All of Us Financial. All of Us announced today that its trading platform is officially live via its website at www.allofusfinancial.com, as well as its mobile app on iOS and Android. The mobile- and web-based trading platform said that it delivers unprecedented transparency that empowers investors to achieve the kind of returns financial institutions have traditionally kept for themselves.
Cboe expands to Canada with MATCHNow buy from Virtu. Exchange operator Cboe Global Markets, Inc. is expanding up north. Cboe has announced that it has entered into a definitive agreement to acquire MATCHNow, the largest equities alternative trading system (ATS) in Canada, from Virtu Financial, Inc. While terms of the deal were not disclosed, Cboe noted that MATCHNow is a profitable business that generated over CAD10 million (USD $7.2 million) in revenue in 2019.
Playtech shareholders reject Directors’ pay policy. After passing all other resolutions at its annual general meeting held yesterday, online gaming and finance provider Playtech saw its shareholders reject the resolution put forward by the board for the remuneration of directors and senior officers of the company. In parallel, Playtech shareholders approved the re-election of director Ian Penrose, who heads the company’s Remuneration Committee, but by a fairly thin margin, seemingly in protest of his role in setting Playtech executive compensation.