Client numbers were also down Robinhood saw significant drops in client metrics, as well. Monthly active users on the platform decreased 10% to 15.9 million for March 2022, compared with 17.7 million for March the previous year. The numbers were also down 8% form the end of December 2021. The broker attributed the decline to…
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Additionally, GCEX strengthened its partnerships with Tier 1 Liquidity Providers, lending counterparties and digital custody asset solutions. Lars Holst, Founder and CEO, GCEX said: 20/21 was a transformative period for GCEX and we experienced rapid growth. Our strong financial results reflect both an increase in our market share and an increased market acceptance of digital…
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Sean O'Connor, CEO of StoneX, said: Through increased support from our existing bank group as well as through a number of key new relationships, we are excited to announce the renewal and expansion of this important credit facility. With the support of this expanded group of bank partners, we look forward to continuing to expand…
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Christina Koullapi added: The most significant spread reductions vary between the FX pairs, but these can go up to 90% on Exotics, 75% on Minors, and 63% on Majors. Reduced trading expenses offer a more favorable environment, especially for active traders who regularly open and close market positions. By modifying our business model when the…
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Reporting on separate business verticals NAGA announced that it is now planning to report its financial results separately – from its neo brokerage, crypto trading, and payments platform, starting in the second quarter. Bilski commented: All our platforms are by now live and have a clear monetization model in place. Now it's all about scaling …
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The net interest income also fell 8% to $282 million, due to a drop in securities lending activity but was offset by gains on margin lending and segregated cash balances. However, the other income decreased by $159 million to a loss of $39 million. Pre-tax profit margin came in at 61%, compared to Q1 2021…
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Daily trading volumes also continued to increase steadily in Q1. The highest daily volume was registered on 8th March when more than 23,000 trades were placed amid heightened market activity linked to Russia’s war in Ukraine. Spectrum Markets reported record growth last year with nearly doubled its trading volume. The company’s turnover reached €1.35 billion…
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Sudhanshu Agarwal, Executive Director of Tickmill Ltd, said: We are very excited to introduce this exquisite list of CFD Stocks to our clients. Tickmill’s product offering, super competitive trading conditions, top-notch technology and the reliable regulated trading environment offers traders an all-in-one package and an unparalleled trading experience. This is another milestone achieved in Q1…
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Mohamed Al-Ahmad, CEO of Equiti Securities Currencies Brokers LLC, and Co-founder of Equiti Group, added: With the addition of our new UAE SCA license, our clients in the region can be confident that they are dealing with one of the most well-regulated and progressive brokers in the Middle East. Gaurang Desai, Managing Director: Strategy, Equiti…
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Plus500 stated in the official announcement: The purpose of the New Share Buyback Programme is to further highlight the Board's continued confidence in the future prospects of Plus500 and reflects its strong financial position. This confidence is supported by the significant operational and financial momentum achieved by Plus500 over recent years, as the Group continues…
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