The daily average in forex trading was stood at $5.7 billion, down from the previous month’s $6.6 billion. However, the number is slightly up from April 2021’s $5.6 billion. Equities registered a 27% MoM drop to $169.10 million last month but it gained 48.1% compared to the previous year. Fixed income instruments brought in $8.6…
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The ADV registered a 25.8% increase compared to the same period during the previous year. In April FXSpotStream’s overall volume stood at $1.29 trillion, down from $1.613 trillion, recorded in March 2022. The March ADV numbers are based on 21 trading days.
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The borker recently secured a regulatory license in Kenya in East Africa as part of its growth strategy. HotForex already rebranded its European business to as HF markets and now the company is bringing the same branding to its offshore entities in Seychelles, Kenya, South Africa and Dubai.
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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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