Sean M. O’Connor, CEO of StoneX Group Inc., stated: Although our fourth quarter earnings were below our long-term target, we were pleased to see that for the fiscal year we achieved record operating revenues and a 13.9% ROE. Last year included the significant non-recurring gain on our acquisition of Gain Capital Holdings, Inc. (“Gain”), adjusting…
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The official Companies House filing said: The results for the year and financial position at the year-end were considered satisfactory by the directors who expect continued growth in the foreseeable future. Fortrade also shared its plans for future expansion: The filing added: The group continues to look for opportunities overseas and therefore, the directors expect…
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Through membership with the Financial Commission, brokerages and their clients can benefit from unbiased 3rd party mediation platform that helps resolve complaints in instances when parties are unable to directly come to an agreement over disputes. The Financial Commission helps facilitate a simpler and faster resolution process than through typical regulatory channels such as arbitration…
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Fractional shares allow traders to buy a "slice" of stock that represents a partial share. Clients of the company can buy 1.5 or 1.05 of any company shares available on the platform. Тhe minimum order volume remains the same – 1 share. RoboMarkets reminded that conditions for Free Commission (when clients can buy shares without…
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The new additions follow an expansion of Saxo’s offering with 520 stock tickers in October. They included some of the most traded companies from major stock exchanges in Europe and Asia, as well as a range of stocks and single-stock CFDs on US exchanges which have been available since July. Saxo Bank noted that the…
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Anthony Brocco, Founder and CEO of the Advanced Markets group, commented: We’re proud to be making this announcement after seeing the Advanced Markets brand evolve for over a decade and become one of the world’s leading brokers with an unrivalled reputation. We want to continue to go above and beyond by providing our clients with…
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Vantage’s rebrand comes as the trading landscape is seeing a monumental shift worldwide. Thousands od new traders are entering the trading space following the pandemic. Since 2020, Vantage has witnessed a 68% increase in platform users. A large number of these new traders are from emerging markets. They not traditionally prioritised by the existing retail…
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CMC Markets has decided to split into a leveraged division which consists of the leveraged trading and spreading business part of the business and into a non-leveraged arm which includes technology and new investment products platforms. The news of the separation follows the news of CMC Markets lowering its expectations for operating income in the…
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Adam Reynolds, APAC CEO, Saxo, commented: Singapore will be the first in HSBC to adopt our trading platform, and we are excited to be combining natural synergies from both companies to deliver an enhanced trading and investment experience for HSBC customers. Saxo’s OpenAPI technology provides best-in-class efficiency and scalability investment and trading architecture, while allowing…
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Additionally, the company committed £300 million revolving credit facility (RCF) with an initial maturity of three years. IG has the ability to request a further increase in the RCF size to £400 million, as well as two maturity extensions of up to one year each. The refinancing also involved repayment and cancellation of the IG’s…
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