Nicky Maan, Spectrum Markets CEO, commented: We are very pleased to announce our strongest quarter to date. Spectrum is still growing in volume as we continue to introduce new innovations, all against a backdrop of a wider downturn in trading triggered by economic uncertainty. During the second quarter, the firm reported that 40.2% of individual…
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TTB Partners initially approached Playtech with a possible acquisition offer on behalf of an investor group in February. Although no official bid was made, the final deadline for an official offer was set to 15 July. The tech giant had previously rejected a £2.7 billion takeover offer by Australian gambling equipment maker Aristocrat Leisure. Meanwhile,…
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Plus500’s CEO, David Zruia, commented: Plus500 continued to outperform in the first half of 2022, supported by positive momentum achieved in recent years and by the power of our market-leading proprietary technology. The Group continued to deliver outstanding levels of returns to shareholders during the period, through both recent $60.0m dividend payments and our most…
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Teresa Teague, Director at Gopher, commented: Gopher is delighted to have completed the acquisition of Finalto. We have been impressed by the strength of Finalto’s business and management team and look forward to working closely with the team to accelerate Finalto’s ambition to become the global partner of choice in the financial trading sector. Meanwhile,…
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Yoni Assia, eToro Co-Founder and CEO, said: In the current market environment, we believe that it is in the best interests of eToro to terminate the merger agreement and continue, for now, to operate as a private company. I would like to thank Betsy Cohen and the entire FinTech V team for their hard work,…
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The daily average in forex trading came in at $6.9 billion, up on monthly, as well as yearly basis. Equities registered decline in demand to $192.1 million, lower than May’s $220.1 million. The asset class did register recovery compared to June 2021 by gaining nearly 52%. Fixed income instruments brought in $15.6 million registering a…
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The firm also revealed last month that it gained regulatory approval by the FSA in Denmark as a Virtual Asset Service Provider (VASP) and a Currency Exchange. GCEX is also regulated by the UK’s FCA. Dubai is recently gaining popularity as a hub for the Virtual Asset (VA) industry. It is currently the first and…
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The ADV registered a 30% rise compared to the same period during the previous year. In June FXSpotStream’s overall volume stood at $1.40 trillion. The numbers were up from the $1.28 trillion, recorded in May 2022. The June ADV numbers are based on 22 trading days.
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ActivTrades recently enhanced its in-house trading platform ActivTrader with the sought-after Trading View integration. The platform offers desktop, Android, and iOS users a number of chart functionalities and indicators. Furthermore, ActivTrades confirmed it will continue to establish offices around the globe to accommodate the growing increase in global retail FX trading. Alex Pusco, ActivTrades CEO,…
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The company added: All regulatory approvals have been received and the completion statement will be finalised in accordance with the Sale and Purchase Agreement. Gopher has agreed to acquire Finalto in an all-cash offer of $250 million. Playtech’s shareholders voted to approve the transaction in December after they rejected another acquisition proposal by a Barinboim…
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