Kim Fournais, CEO and founder of Saxo Bank, said: The results are not satisfactory and affected by difficult market conditions during the first half of 2022. Despite volatility in financial markets, trading activity was lower than the same period last year. Saxo Bank added that as it witnessed a drop in demand, its cost levels…
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Suhail Al Otaiba, CEO at Traders’ Hub commented: We are extremely proud to be launching a new online trading firm in the UAE. Our goal is to become the investment house of choice for local and MENA region trading clients as well as provide the best trading environment for international expats and businesses in the…
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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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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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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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The broker said in the official announcement: The US N100 index used to have a minimum trading unit of 1, which meant that traders would need to pay at least 176,951 yen to trade it. However, the minimum trading unit has now been changed to 0.01, so trades can be made from JPY 1,770. Additionally,…
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LordFX expulsion Meanwhile, the external dispute resolution (EDR) organization announced that it has expelled LordFX from membership in the organization. The Financial Commission stated that the reason is a breach of contractual obligations. One of the prerequisites for initial membership approval in the Financial Commission is adhering and complying with the organisation’s rules. The Commission…
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Anish Lal, Chief Business Development Officer at BlackBull Markets, was the one pushing for the partnership, the press release detailed. The move was in response to client interest. Anish Lal commented: Many clients are already avid fans of TradingView and have been asking for the option to trade inside the platform for some time. We…
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Integration of Gatsby Founded in 2018 by Co-CEOs and Co-founders Jeff Myers and Ryan Belanger-Saleh, the commission-free options and stock trading app Gatsby is focused on the younger generation of investors. According to the official announcement, Gatsby’s team will become part of eToro including Davis Gaynes (President and Co-founder), Peter Quinn (Chief Operating Officer and…
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Customer activity While the financial results registered in uptick in the first half of the year, the London-listed company saw a drop in active customers, as well as new ones. During the period, the number of new customers fell 58% to 57,275, compared to 136,980 in H1 2021. The active customers on the platform stood…
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