Tradition also reported consolidated adjusted revenue at was CHF 303.5m for Q1, 20% up from the same period in 2019 when it was CHF 263.6m in 2019. The adjusted revenue from interdealer broking business (IDB) marked an increase of 20.1% in constant currencies and the forex trading business for retail investors in Japan (Non-IDB) presented…
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IG Group observed that in the first 36 trading days of Q4, the new OTC leveraged clients, trading for a first time with the firm, were over 22,500. In the first three quarters of FY20 new OTC leveraged clients were 36,000. The firm also revised its guidance regarding operating expenses. Previously, operating expenses, excluding variable…
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Retail performance during the first quarter was affected by the unusually high volatility resulting from conditions and concerns, caused by the coronavirus pandemic. Trailing 3-month direct active accounts grew a record 25% compared to the previous year of 87,349. RPM marked a $231 quarterly record, with average daily volume of $11.7 billion, 52% up from…
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Instrument Active Trader Average Spread Active Trader Effective Spread At Price Orders Positive Slippage Negative Slippage BTC/USD 28.1 26.5 76.9 % 9.6 % 13.5 % ETH/USD 0.9 0.9 73.9 % 13.3 % 12.9 % LTC/USD 0.2 0.1 86.4 % 4.1 % 9.5 % XAU/USD 15.7 16.3 50.8 % 34.7 % 14.5 % EUR/USD 0.4 0.3…
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Christian Dove commented: Synergy has earnt such a great reputation and loyal customer base throughout the past decade because of our commitment in 3 areas. True and actual straight-through processing, absolute transparency and excellent customer service. And now, with the Fintech power of ACY Securities behind us, we are well placed to offer an even…
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The average daily volume OTC trading made almost 80% MoM increase with $17.7 billion and 121% YoY. The number of futures contracts reached 701,820 for March, up by 1.3% MoM and 12.7% YoY. The MoM growth had been steady with marking 23% monthly rise in January and February this year.
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The IPO is slightly up YoY with about 100 companies having filed plans with the SEC to go public. Investors are also looking forward to future filings from “Unicorns” such as Waymo, which had been valued at $30 billion before the coronavirus pandemic hit; Palantir, analytics/Big Data company, which had been valued at $11 billion;…
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Alpesh Patel, the CEO of VPFX, commented: We support the current industry-wide shifting to MetaTrader 5. The updated platform offers advanced functionality for experienced users. Furthermore, its cutting-edge analytical tools will definitely enhance our clients' financial trading experience. VPFX is a trading name of Ventura Prime FX Limited, registered in Labuan F.T., Malaysia. The company…
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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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