Alpha FX
September 05, 2022 BY Alan Sayer

Alpha FX Revenue Jumps 35%, FX Management Clients Up 11%

The company has proposed a 3.4p per share dividend. On the operational front, client numbers for FX risk management increased by 11%, from 881 at the end of 2021 to 975 on June 30, 2022, while Alternative Banking Solutions accounts jumped 75% to 3,061 on June 30, 2022, from 1,746 on December 31, 2021. Morgan…

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ASIC ban
September 05, 2022 BY Alan Sayer

ASIC's Binary Options Ban Extended

The Australian regulator also released a report summarising the impact of its ban. Before the initial ban, ASIC stated that between 74% and 77% of active retail clients lost money trading binary options, with retail client accounts making net losses of $14 million in aggregate. In addition, they explained that loss-making retail client accounts made…

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Interactive Brokers
September 02, 2022 BY Alan Sayer

Interactive Brokers Daily Average Revenue Trades Up 8% MoM, Down 9% YoY

Ending client equity came in at $310.1 billion, 15% below the prior year and 1% softer than the prior month. In addition, ending client margin loan balances were $43.1 billion, a 13% decrease compared to the previous year and 2% above the preceding month. Furthermore, Interactive Brokers had 1.99 million client accounts, representing a 33%…

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Admirals
September 01, 2022 BY Alan Sayer

Admirals H1 Net Trading Income Surges 149%

However, despite the rise in net income, and value of trades, the number of trades fell by 2% to 28.7 million from 29.2 million in the first half of 2021. In addition, the number of active clients declined 17% to 33,493, and the number of active accounts fell 15% to 41,227. Admirals stated that the…

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FairXchange
September 01, 2022 BY Alan Sayer

FairXchange Appoints Martin Bradford as New COO

The Founder and Chief Executive Officer of FairXchange, Guy Hopkins, commented that being part of United Fintech has opened up new opportunities for FairXchange, including the creation of the new COO role. He added that the firm is "thrilled" to have Bradford on board, with his track record speaking for itself with "deep experience and…

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August 31, 2022 BY Alan Sayer

Citadel Securities Expands Further - Opens Tokyo Office

Citadel said that once it has been granted membership in the Japan Securities Dealers Association, its operations are anticipated to begin under the supervision of Japan's Financial Services Agency. Japan has a highly sophisticated, large and dynamic investor base, and we are excited to strengthen our presence in the country as we continue to expand…

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BidX Markets
August 31, 2022 BY Alan Sayer

BidX Appoints James of James Roddy as Head of Institutional Sales

Roddy has over 20 years of experience in the financial services industry, previously holding the role of sales director of institutional sales at BOSONIC, a decentralized finance company. Before his role at the DeFi company, Roddy served as business development manager at VIBHS Financial UK. Blackledge added that they are "delighted" to be welcoming Roddy…

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StoneX
August 30, 2022 BY Alan Sayer

StoneX Group Approves Share Repurchase Program

However, in its June quarter, operating revenue fell 3% on a quarter-over-quarter basis to $528.8 million, from the previous $544.7 million. On a year-over-year basis, it gained 23% from the $431.5 million reported the previous year. Quarterly net income was $49.1 million, down from $64 million posted in the last quarter. At the time, Sean…

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August 30, 2022 BY Alan Sayer

Andrew Tobin Appointed as Australian Securities Exchange CFO

Andrew is an accomplished CFO and executive leader with more than 30 years' experience in various group finance and audit roles in Australia and Asia. He is an excellent addition to our team, said Helen Lofthouse, ASX's Managing Director and CEO. His ability to think strategically and commercially, his partnership approach, and extensive expertise in…

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