Chris Hill, Chief Executive Officer, commented: We delivered net new business of £1.7 billion in the period, up 6% on the previous quarter. The tax year end season remains a critical time for our clients and this year we focused on supporting them to navigate the changes to the tax landscape, making the most of…
Read more
On yearly basis, Interactive Brokers’s income before tax increased 66% YoY to $652 million, with the adjusted number climbing 58% to $716 million. Additionally, income from interest paid by clients rose 9% from Q1 to $694 million during Q2. During the quarter, the electronic brokerage reported pretax profit margin of 65%, while the last quarter,…
Read more
Through this collaboration, Kama Capital will enhance its existing portfolio by integrating Acuity's AI-powered insights. This partnership aims to provide their clients with the ability to navigate the ever-changing financial markets with precision through a comprehensive set of market insights, empowering them to make informed trading decisions amidst the rapid pace of the trading landscape.…
Read more
Leif Abraham, co-CEO and co-founder of Public, said: London and the broader UK market has always been the financial epicenter of Europe, so it's a natural place for Public to start our international expansion. Public has always had European roots: my co-founder and I are both European, and we have a team across multiple European…
Read more
Furthermore, NAGA effectively reduced its direct marketing expenses and successfully drew in fresh clientele. The average deposit amount from these new customers nearly twofolded when compared to the figures of 2022. Sam Chaney, Chief Commercial Officer of NAGA, said: We are thrilled with our performance and future growth prospects. Our focus on cost reduction and…
Read more
Freetrade also successfully raised a significant amount of funds in the previous year. It secured £8 million through a crowdfunding round, with the participation of 6,869 investors from the UK and Europe. Additionally, two institutional shareholders of the company invested £29.3 million through a convertible loan note. A jump in registered users Last year, the…
Read more
The average daily volume (ADV) in forex instruments stood at $5.4 billion. The figure dropped 5.3% on monthly basis and 21.7% on yearly. However, the brokerage firm reported that demand in Equities registered a rise. The volume in June was $233.5 billion, 2.3% higher compared to May. O yearly basis, the asset jumped 21.6%. Fixed…
Read more
CAPEX.com highlighted in the official announcement that the newly announced acquisition will strengthen its position in the market and support its growth and expansion plans in the online fintech industry. Patrascu added: We see consolidation in the market as a positive development, and the current macroeconomic conditions and competitive landscape are favorable for such consolidation.…
Read more
Joe Li, Chairman of ATFX, commented: We are thrilled to welcome RSA into the ATFX family. This acquisition presents a significant opportunity for us to expand our presence in the Australian market and provide clients in the region with enhanced trading solutions. We are committed to investing in technology, talent, and resources to ensure that…
Read more
The broker ended the month with client credit balance of $98.9 billion, including $3.2 billion in insured bank deposit sweeps. The client credit balance came in 7% higher than in June 2022 and about the same as the prior month. Client accounts on the platform increased 19% YoY and 1% MoM to 2.29 million in…
Read more