The companies, products and regulatory developments shaping the broker industry.
Euronext disclosed both growth measures. Their divergence was much larger in cash equities than fixed income, while currency and volume definitions limit conclusions about FX fees.
A ¥56bn asset-sale gain in the comparison period almost equalled the entire reported increase and materially changed the denominator.
A reconstruction of Goldman Sachs’ third-quarter revenue bridge finds 61% of the year-on-year equities gain came from financing, changing how the headline trading expansion should be read.
Payments volume outpaced quarterly revenue in the company’s official results, showing why higher transaction flow need not deliver proportional fee income.
The Nasdaq-listed HYPE treasury company has applied through a subsidiary for futures commission merchant registration; its reported $620.6 million profit mainly reflects unrealised token gains.
Third-quarter revenue reached $832.6m and fully diluted GAAP net income rose to $68.7m. The results include a $35m disposal gain, while post-tax adjusted earnings increased 17.5%.
Gaitame.com helped lift quarterly revenue including joint ventures to CHF310.2m. The retail business still represented about 4.5% of that total, despite its much faster growth rate.
The market maker reported higher statutory and adjusted earnings in the third quarter. Its adjusted trading-income measure rose 50.7%, a separate comparison from the 55% increase in trading income, net.
Profit reached about ₹809 crore in the September quarter, while operating revenue grew 34% year on year. Both measures declined from the preceding quarter.
Fiscal first-quarter revenue reached $1.67 billion, but operating income declined. A digital-asset loss replacing a prior-year gain also widened the gap between reported and adjusted earnings.
The 28 October IBKR Connector update adds earnings previews and results research; the separate ability to build and revise AI stock screens had already been covered earlier in October.
NatWest Markets’ profit after tax fell to £6m; profit before tax was £11m. A £73m tax credit boosted the prior-year comparison, while income fell sequentially but rose year on year.
Third-quarter volume rose 30% and net revenue 23%. Adyen is prioritising investment and integrations while discontinuing its previous medium-term EBITDA margin objective.