ThinkMarkets further highlighted that the new entity is regulated by the New Zealand Financial Markets Authority (FMA). The company’s clients in the region can trader more than 4,000 financial instruments on the ThinkTrader platform, which is available on mobile, web and desktop. Nauman Anees, CEO and co-founder of ThinkMarkets, commented: We are delighted to expand…
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The Israeli-based broker reported EBITDA of $100.9 million for the period, registering a 116% million from Q4’s $46.7 million. Compared to the first quarter of last year, however, the figure dropped 37.6%. Customer activity During the first quarter of 2023, the London-listed company onboarded 28,201 new customers. This 16.4% lower than the 33,740 accounts added…
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Revenue generated from commission was only 2% higher, reaching $357 million. The revenue earned from commissions rose only by 2% and amounted to $357 million. This was due to a surge in contract volumes in futures, coupled with higher average trade sizes in both options and futures. However, the increase was offset by reduced trading…
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The firm detailed that in 2022 KCM Trade experienced many successful events, sponsorships and partnerships which led to its rapid growth. As part of its expansion plan, the company is opening new branches throughout Southeast Asia, including Vietnam, Indonesia and the Philippines and other key markets. Additionally, KCM Trade plans to increase the number of…
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Turquoise Europe is expanding the advantages of price improvement for both aggressive and passive orders to include retail brokerages and their orders, as stated by the LSEG. As the first retail liquidity providers to make use of this new service, quantitative trading firm Hudson River Trading and full-service brokerage firm Stiffel are set to be…
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The average daily volume (ADV) in forex instruments stood at $6.8 billion. The figure grew 23.6% on monthly basis and 3% on yearly. The brokerage firm reported that demand in Equities also registered an uptick. The volume in March was $259.9 billion, strengthening by 25% compared to February. On yearly basis, the asset class rose…
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NAGA stated in their update that the assets under custody have increased to EUR 35 million, representing a growth of 45% compared to the previous reported HY1 2022 figure of EUR 24 million. Additionally, the company said it lowered its monthly cost to an average of EUR 3.3 million during Q1 2023, a 40% decrease…
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On yearly basis, however, last month’s ADV dropped 4.8% compared to March 2022. Last month, FXSpotStream’s overall volume stood at $1.54 trillion. The numbers rose 22.2% from the $1.26 trillion, recorded in February 2023. The overall trading volume of the firm has surpassed $1 trillion for every month of 2022 and it is continuing the…
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Traders can now trade a range of assets including Forex, Stocks and CFDs, on TradingView charts without leaving the VT Markets platform. A representative of VT Markets said: We’re delighted to be partnering with TradingView. As a technology-driven broker, we’re always looking for ways to simplify our clients’ trading experience while maximising their trading results.…
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Jimmy Ye, CEO of ACY Securities, commented: We are excited to offer this cutting-edge feature to all our existing clients. The comprehensive trading reports provides deep insights into the financial and operational performance of the companies our clients trade, empowering them to stay ahead of the curve. ACY’s clients can access the comprehensive reports through…
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