This is the second time the brokerage is updating its income expectations for the financial year 2021. In January the company expected the net operating income to be £376.6 million, ranging from £370.2 million to £387.5 million. CMC Markets reported a 135% jump in revenue in the first half of the financial year with around…
Read more
The trading app increased its popularity among young people during the lockdowns in the coronavirus pandemic with its zero-commission business model playing a significant role. The gained popularity of the venue also brought regulatory scrutiny and public-relations problems at the beginning of the year. Robinhood found itself in the eye of the storm during the…
Read more
In 2020, the UK-registered BidFX saw the Singapore Exchange take the full acquisition of the company. SGX had previously only obtained 20% of the company. The new acquisition comes hand-in-hand with significant expansions, including expanding into OTC markets with FX futures. BidFX is now developing its range of products on offer to its international FX…
Read more
BDSwiss highlighted in its announcement that it is one of the first retail trading companies as regulated by the Cyprus Securities and Exchange Commission (CySEC) to receive the complimentary certifications from the ISO. Christos Alatzidis, Chief Information & Technology Officer of BDSwiss commented: The combined acquisition of these particular ISO classifications is not a very…
Read more
The announcement also noted the company’s expansion in the European region. In 2019, Swissquote acquired Internaxx Bank S.A., which was then rebranded Swissquote Bank Europe SA and opened doors for Swissquote to further expand its product line in Europe. In December 2020, the company also launched an online leasing offering with Tesla, focusing on a…
Read more
June Felix, Chief Executive Officer commented: I am delighted with the excellent results and progress we have made towards delivering on our strategic goals. The continued performance from the Significant Opportunities portfolio has been remarkable, and we anticipate substantially achieving the revenue target of £160 million one year ahead of plan. The Group is also…
Read more
Liquidnet’s electronic network integrates extensive buyside trade workflow connectivity and includes advanced incorporations with all execution management and major order management systems. Alongside its hopes to achieve new growth opportunities, TP ICAP also expects to take advantage of analytics and data assets expertise from both organisations in order to push non-transaction-related revenues. The overall consideration…
Read more
Sergei Bogatenkov commented: This does not capture the full scope of what we do anymore. We are more than a broker. We have been expanding our product offering and are adding new services. We are a global financial hub disrupting the FinTech world on a global scale. Our aim is to streamline personal finance for…
Read more
Rahul Agarwal, Managing Director of ITI Capital, comments: We’re excited to announce this new service, giving clients the opportunity to expand and diversify their investment portfolio through ITI, participating in the latest IPOs and secondary placing deals. Right now, there are many innovative, fast-growing new companies in the financial services, tech and fintech space preparing…
Read more
The February ADV also reached 26.3% YoY growth compared to the same period last year. The broker’s ADV represents volumes traded across the group’s entire liquidity network, including TrueFX and Integral OCX, in aggregate. Integral’s global trading network provides services for FX market participants, including banks, brokers, asset managers, and hedge funds.
Read more