More than 74% of the total monthly traded volume was recorded in Prime XM Data Center in London LD4 – $680 billion in notional value. The Data Center in TY3 and NY4 registered a monthly trading volume $121.58 billion and $108.30 billion, respectively. XAUUSD remained the most popular instrument of traders for the past few…
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Moreover, on 26 February, the company supported $83.862 billion, the 3rd highest daily volume in FXSpotStream’s history February's overall volume reached $991.915 billion while for January it was $980.7 billion. February and January bod had 20 trading days. February’s ADV of $49.5 billion is the company’s second-highest ADV on record, behind March 2020’s ADV of…
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Kim Fournais, CEO and Founder of Saxo Bank, commented: As we look back on 2020, we are both humbled and proud that we were able to reach new heights for Saxo Bank, welcoming a record number of more than 238,000 new trading clients. We now see the results of our strategic decisions to further broaden…
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Service disruptions during a short period of frantic trading have been attributed to Reddit users, particularly its WallStreetBets group, who are said to have inflated the price of GameStop stocks in order to punish the hedge fund’s betting against it. This phenomenon saw IG Group and other brokers having to suspend new client registrations, while…
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Nauman Anees, CEO of ThinkMarkets, said: Tokyo is one of the world’s largest foreign exchange trading hubs, so the expansion of our brokerage services offering with the addition of FX in Japan is an exciting milestone for us as we continue our global expansion. Since acquiring mobile app provider Trade Interceptor back in 2017, ThinkMarkets…
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Transparency is also a key element of copy trading. Traders who allow others to copy their deals provide detailed statistics on their performance. InstaForex has compiled a list of Top 5 copy traders who are selected based on several criteria including account profitability and aggressiveness of strategy. Copy-trading may ease things for new traders and…
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The new buyback programme announced on 17 February 2021 will see the brokerage repurchase $25 million worth of shares. The move was announced following a massive surge in profits reported for 2020 and increased client activity. LeapRate reported earlier that the year ended for Plus500 with $500.1 million profit, almost 230% more than the previous…
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The purchases of share will take place in an open market transaction and market conditions, share price, trading volume and other factors will be taken into consideration. Credit Suisse Securities (Europe) Limited (“CS”) is appointed to manage the programme on the company’s behalf. Plus500 and its directors cannot invoke changes to the programme. Plus500's buyback…
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EBITDA skyrocketed by 168% to $515.9 million, compared to $192.3 million in the previous year. The company ended with net profit of $500.1 million from 2019’s $151.7 million. Client activity also remained strong on the platform. Plus500 reported 50,314 new traders in the fourth quarter, a strong increase of 158% from the previous year when…
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More than 71% of the total monthly traded volume was recorded in Prime XM Data Center in London LD4 – $633.66 billion in notional value. The Data Center in New York (NY4 and Japan (JP3) registered a monthly trading volume of $128.23 billion and $121.37 billion, respectively. XAUUSD remained consistent as the most popular instrument…
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