sfc warning
April 27, 2020 BY Steffy Bogdanova

Hong Kong SFC advises brokers to be cautious in trading crude oil futures and ETFs

Ashley Alder, the SFC’s Chief Executive Officer said: The crude oil market has recently experienced unprecedented volatility, which significantly increases the risks of trading crude oil-related financial products. Firms should prudently manage these risks to protect investors. In a separate letter, the SFC cautioned managers of SFC-authorised futures-based ETFs to remain careful and ensure that…

Read more
April 27, 2020 BY Steffy Bogdanova

JPMorgan teams up with Taulia, unlocks trillions of liquidity

Stuart Roberts commented: We’re taking a relatively short-term risk on larger companies. I couldn’t think of a safer way to inject liquidity into a credit-stressed small- or medium-sized business right now. Taulia Chief Executive Officer Cedric Bru noted that businesses complete over $120 trillion worth of transactions a year and $20 trillion of that are…

Read more
SGX announces trading volumes
April 24, 2020 BY Steffy Bogdanova

SGX releases Q3 volumes, reports net profit of S$138 million

Loh Boon Chye, Chief Executive Officer of SGX, commented: Amid the COVID-19 pandemic, our priority is to keep SGX’s markets relevant, resilient and fully accessible round-the-clock, to serve the heightened demand from market participants for risk management solutions and investment opportunities across our asset classes. Our expanded geographical footprint has helped to support our US…

Read more
Compagnie Financière Tradition (SWX:CFT)
April 24, 2020 BY Steffy Bogdanova

Tradition reports consolidated revenue of CHF 277.3m for Q1 2020

Tradition also reported consolidated adjusted revenue at was CHF 303.5m for Q1, 20% up from the same period in 2019 when it was CHF 263.6m in 2019. The adjusted revenue from interdealer broking business (IDB) marked an increase of 20.1% in constant currencies and the forex trading business for retail investors in Japan (Non-IDB) presented…

Read more
IG Group office
April 24, 2020 BY Steffy Bogdanova

IG Group reports high trading volumes amid market volatility

IG Group observed that in the first 36 trading days of Q4, the new OTC leveraged clients, trading for a first time with the firm, were over 22,500. In the first three quarters of FY20 new OTC leveraged clients were 36,000. The firm also revised its guidance regarding operating expenses. Previously, operating expenses, excluding variable…

Read more
Gain Capital forex.com
April 24, 2020 BY Steffy Bogdanova

GAIN Capital releases Q1 results, reports $77.3m net income

Retail performance during the first quarter was affected by the unusually high volatility resulting from conditions and concerns, caused by the coronavirus pandemic. Trailing 3-month direct active accounts grew a record 25% compared to the previous year of 87,349. RPM marked a $231 quarterly record, with average daily volume of $11.7 billion, 52% up from…

Read more