Ending client credit balances were $98.7 billion, which includes $2.9 billion in insured bank deposit sweeps, representing an 8% rise from the prior year and a 1% decline compared to the previous month. Elsewhere, the average commission per cleared commissionable order came in at $3.08, including exchange, clearing, and regulatory fees. The average commission per…
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Chief Managing Director of Equiti Group and Co-founder, Mohamed Alahmad, added: This strategic acquisition marks a significant step towards expanding our capabilities in the digital payments sector. Alahmad added that Cloud Invest's experience of working with banks, financial institutions and partners such as Mastercard, Visa and Network International spanning more than 10 years will boost…
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Gary Thomson, Chief Operating Officer of FXOpen UK, noted: While the euro and US dollar have remained relatively stable, the Hungarian forint has experienced a remarkable appreciation in value. Despite economic challenges and geopolitical uncertainties across the Western world, the forint has seen a significant increase in strength since October last year. This notable upward…
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A representative of VT Markets said that the region is one of the key markets for the company. VT Markets' representative stated: With the numerous developments taking place in the region, Latin America is uniquely poised for explosive growth, and we want to be at the forefront of the new financial landscape when it emerges.…
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The company’s success has been partly fueled by its approach of swiftly passing on the benefits of central bank rate hikes to its customers. Unlike many other banks, Saxo Bank ensures that clients immediately profit from higher interest rates on their unused funds. This strategy helps clients adjust their investment strategies in line with changing…
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The official announcement detailed that with the latest expansion, the total number of currency pairs available to trade at FP Markets reaches more than 70 currency pairs. CEO Craig Allison commented: The launch of the additional currencies is part of a wider effort by FP Markets to develop its Forex offering and deliver greater diversity…
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Under the revised plan, XTB plans to allocate PLN 570.5 million. The allocation for capital reserves will remain mostly unchanged at PLN 191.1 million. In its last press release, XTB stated that this recommendation aligns with the company's dividend policy, which aims to distribute dividends ranging from 50 to 100% of the standalone net profit…
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Yorick Naeff, CEO at BUX, said: Dropping the Zero in the BUX Zero name signifies our commitment to this flagship application and shows that we are more than just a price leader. We are incrementally increasing access to financial markets and the ease-of-use of our app through automated investing, interest on uninvested cash, and access…
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Admirals stated: The restructuring stems from the fundamental necessity and choice to expand the Group’s presence globally, as the Company has substantially positioned itself in new regions during recent years. The on-going change shall have no impact on the existing Group’s clients. Albeit the restructuring, Estonia remains the Company’s strategic location. The Company continues to…
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In 2022, TCUK achieved a gross profit of £508,806, considering direct expenses of £250,434 on its total revenue. However, the company did not generate income from other streams during that year, whereas it earned £60,812 as "other operating income" in 2021. Notably, the company effectively reduced its administrative costs from £408,100 to £354,237, further contributing…
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