CFI Financial has recently undertaken strategic expansion initiatives, including the complete acquisition of the Egyptian brokerage firm El Mahrousa, which has since been rebranded as CFI. Furthermore, the company has introduced a new trading app and is devoted to developing innovative products and tools that can improve the trading experience for its clients. The broker…
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In the first quarter of the year, net income came in at $41.7 million during the first quarter, registering a 35% drop compared to Q2 FY23. The number was also 45.6% lower than the previous quarter. StoneX’s ROE also decreased to 13.8% in Q2 FY23. The diluted earnings per share (EPS) fell 37% during the…
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Operating income for Q1 reached $384 million, registering a 36% increase compared to the second fourth quarter of last year. Charles Meyers, President and CEO, : We had a strong start to the year, delivering nearly $2 billion of revenue for the quarter, as our outlook remains positive with the overall demand for digital transformation…
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The average daily volume (ADV) in forex instruments stood at $5.1 billion. The figure dropped 25% on monthly basis and 10.5% on yearly. The brokerage firm reported that demand in Equities also registered fell. The volume in April was $174.7 billion, 32.8% lower compared to March. However, on yearly basis, the asset class rose 3.3%.…
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However, the launch of the platform comes as US regulators tighten their grip on digital asset firms. Last month, Coinbase filed a lawsuit against the Securities and Exchange Commission (SEC) for not providing guidance on the cryptocurrency industry using its formal rulemaking process. This was followed by the SEC sending a Wells notice to Coinbase,…
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The company noted that the ATFX NFT Loyalty Program is only available to Southeast Asia and Latin America. NFTs are digital assets held on a blockchain network. Each token has its own distinct value and cannot be swapped on a one-to-one basis with others. Earlier last month, ATFX announced hiring former Swissquote executive Gonzalo Canete…
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Trading volumes on Börse Frankfurt in March 2023 came in at €2.44 billion (March 2023: €3.79 billion). Last month, Equities on Deutsche Börse generated €71.66 billion and trading in ETFs/ETCs/ETNs accounted for €12.48 billion of the turnover. Bonds recorded €0.69 billion, certificates €0.75 billion and funds brought in €0.03 billion. SAP SE was the DAX…
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BDSwiss' MENA CEO Daniel Takieddine, commented: We are thrilled to have Hassan join our team. His extensive experience and proven track record in the finance industry make him the perfect candidate to lead our MENA expansion plans. We are confident that he will contribute greatly to the growth and success of our company. His collaboration…
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Brokeree Solutions said: We aim to provide brokers and their clients with the best trading experience possible, and this app is a crucial step in achieving that goal. We believe that this mobile app will make Social Trading even more accessible and user-friendly for users, ultimately helping them achieve their objectives. Another advantage of the…
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USD/JPY Direction Having noted price movement testing the mettle of weekly resistance at ¥137.23 and daily price on the verge of reclaiming space back under the 200-day simple moving average (aided by an RSI oversold signal), this appears to be a sellers’ market for the time being, at least technically speaking. While there is a…
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