The investment manager reported a yearly net income of $8.52bn, a 24% drop from the previous year. Analysts attribute this to slower business rates, exit costs, and job cuts, not just for Goldman Sachs but the industry in general. Since the $8.46bn profits of 2019, Solomon’s first full year as company CEO, this has been…
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FairXchange focuses on ensuring FX trading remains commercially viable for all parties, both on the buy-side and sell-side. The partnership underscores both entities' commitment to leveraging data-driven insights in their engagement with Liquidity Providers (LPs) and improving liquidity to Saxo Bank's and its clients' advantage. Guy Hopkins, CEO and Founder of FairXchange welcomed Saxo Bank…
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The web-based solution seamlessly integrates with popular trading platforms like MetaTrader 4 and 5, offering comprehensive dashboards for tracking trader performance from registration to managing funded accounts. Andrey Kamyshanov, Co-Founder and Managing Partner of Brokeree Solutions expressed confidence in Prop Pulse's ability to empower brokers in the proprietary trading sector, citing its comprehensive features that…
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The survey, conducted at the beginning of each year before the World Economic Forum's (WEF) annual meeting in the Swiss resort of Davos, collects data from over 60 chief global economists in both public and private sectors and aims to educate policymakers on worldwide economics. Many of the surveyed experts noted that the disruptive impact…
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Chow Tai’s managing director, Kent Wong, noted that consumers and investors alike are turning away from precious jewels and instead opting for gold consumption, a move that suggests little confidence in national and global financial stability. Although gold purchases are increasing as diamond and gemstone sales decrease, Wong’s statement suggested that consumer confidence would return…
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Reports circulated over the weekend to suggest a crypto regulatory framework is being worked on by the KNF. New proposals from the Polish government, which will be announced in the spring, will outline the details of this framework. The KNF will then put the framework in place by December 2024, according to those familiar with…
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In a press release, Vantage disclosed its intentions to reinforce its market position among FX/CFD brokers through this website overhaul. The upgrade not only introduces new features but also rejuvenates the existing interface. Marc Despallieres, the Chief Strategy and Trading Officer at Vantage emphasised that this move aligns with their ethos of 'trade smarter @vantage'.…
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Clients of Saxo will now enjoy a substantial reduction in brokerage fees, with cuts of up to 87% for US market trades and up to 62% for trades on the ASX. This adjustment means that trading fees for US equities could go as low as USD 1, for UK equities as low as GBP 3,…
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Taking place on 16-18 January 2024 at the Dubai World Trade Centre, Za’abeel Hall 6, iFX EXPO 2024 is set to be the largest industry event in the Middle East, featuring over 100 speeches and over 3,500 attendees. The event is renowned for its engaging content, networking opportunities and valuable business tools aimed at assisting…
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Ashmore’s CEO Mark Coombs noted the uptick in investment performance in Q4 of 2023 as talk of cuts spread across markets. According to Yahoo Finance, Ashmore’s funds managed to offset negative flows of $1.6bn in Q4 and gained a positive investment of $3.9bn in the same period. Coombs noted: Emerging Markets delivered good returns and…
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