AUAC2 dropped by 48% compared to the same period last year as a result of continued efficiency of Plus500's marketing algorithms and improved conversion ratio. Cash balance at the end of the period, 31 March 2020, reached c.$515.6m Operational leverage brought strong Q1 Group EBITDA3 margin and cash conversion with revenue and profitability for the…
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Nihad Silawi, ICM.com’s Operations Manager, has been appointed to head the new ICM.com office. Silawi is an expert in areas such as trading, investments, financial analysis, business development and strategic planning. As we keep adding to our growing list of regulated entities around the world, we’re incredibly proud of the new office that has opened…
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FXSpotStream also announced a rise of 65.22% in ADV YoY (Mar ’20 vs Mar ’19). The company’s Overall Volume in March reached USD1.372 trillion, crossing the USD1 trillion mark for the first time in any given month since the business was started in 2011. March’s ADV of USD62.378 billion was 12.60% greater than CBOE HotSpot’s…
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Kim Fournais, CEO and Founder, Saxo Bank, commented on the results: The result for 2019 is affected by difficult market conditions during the year, with all-time low volatility across most financial markets and continued negative interest rates in many markets. At the same time, the result is negatively impacted by significant price reductions across asset…
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Featured Ideas can teach new traders about technical analysis, while empowering both novice and professional traders to make confident, timely trading decisions. All traders can now create watchlists to filter ideas to the instruments that they are interested in trading. Featured Ideas offers over 8,000 available instruments to trade, and countless trading opportunities every single…
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Chowdhury’s previous appointment was as UK CEO for London Capital Group (LCG) for more than 3 years, where he served as CFO and managed the UK operation. Before that, Chowdhury held a few senior financial positions as Group Financial Controller at City Index and as Finance Director for International Operations at Gain Capital. He has…
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LR: How could ATFX (Retail) and ATFX Connect (Institutional) influence the market in 2020? Wei: Both ATFX and ATFX Connect will continue to transform the forex trading industry by providing technology-led, innovative tools to our clients. We plan to launch several new products and education services that address gaps in the market. The Forex industry is…
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The products are developed internally and more baskets can be added witch growing customer demand. Simon Campbell, Group Head of Trading at CMC Markets, stated: As a business we are committed to driving client success and continue to build products with this mission in mind. We see our clients’ interests pique when certain industries come…
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BDSwiss Group CEO, Alexander W. Oelfke commented during the meeting: 2019 was our year, we’ve seen immense growth and expansion and we couldn’t have done it without the dedication, loyalty and commitment of our global teams and partners. Our stellar performance in 2019 reinforces that we are on the right trajectory – taking full advantage…
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Forex and CFD trading services provider Tickmill has just announced that it is significantly reducing spreads across all majors and gold. The company has taken extensive measures to enhance its aggregation software. The group has provided an indication to the changes in spreads below: Previous Spread Typical Spread Now Change EURUSD 0.2 0 -100% GBPUSD 0.7…
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