Category: Brokers

Spectrum Markets
February 21, 2023 BY Steffy Bogdanova

Spectrum Markets turnover jumps 147% in 2022 to €3.33 billion

2022 milestones During last year Spectrum also unveiled a few partnership deals including a connectivity collaboration with SIA, a Nexi Group subsidiary, and Euronext Securities Milan. Furthermore, the group added Italian investment banks Equita and Intermonte as members of its multilateral trading facility. Additionally, Spectrum Markets also partnered with Societe Generale as a new issuer…

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February 15, 2023 BY Alan Sayer

Hargreaves Lansdown Revenues Rise 20% Despite Net New Business Decline

Despite the decline in some metrics, Hargreaves Lansdown's pre-tax profit rose 31% to £197.6 million from £151.2 million, while underlying pre-tax profit, which excludes the strategic investment costs for the period, increased 30% to £211.9 million from £163.5 million. As a result, earnings per share were 33.1p, 29% above the previous year's period of 25.7p.…

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plus500 revenue
February 14, 2023 BY Steffy Bogdanova

Plus500 reports $832.6 million in net revenue in 2022 and announces final share buyback program

Final share buyback program The London-listed broker also reported a $100 million distribution to investors of final and special share buybacks and dividends. Plus500 today announced a final share buyback program to purchase $42.4 million worth of company shares and a special buyback program of $27.6 million. The firm will also pay out final dividend…

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Saxo Bank
February 10, 2023 BY Steffy Bogdanova

Saxo Bank’s FX volume falls 5% MoM in January

The average daily volume (ADV) in forex instruments stood at $5.2 billion. The figure was the same as last year’s and fell 5.5% on monthly basis. The brokerage firm reported that demand in Equities also fell. The volume in January was $219.7 billion, falling 14% compared to December. On yearly basis, the asset class dropped…

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Robinhood
February 09, 2023 BY Steffy Bogdanova

Robinhood Q4 2022 net loss falls to $166 million

Monthly Active Users in the final three months of the year decreased by 0.8 million to 11.4 million, as customers continued to navigate the volatile market. Full year results Robinhood reported that net revenues for the full year 2022 came in at $1.36 billion. The figure registered a 25% decrease compared to the previous year’s $1.82…

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February 08, 2023 BY Steffy Bogdanova

Eightcap introduces a new AI-powered economic calendar

Alex Howard, CEO of Eightcap commented: By incorporating Acuity's cutting-edge AI technology into our platform, we are able to offer our clients a powerful new tool that will help them stay ahead of the markets. We are committed to providing an extensive range of tools and educational resources that will enhance our clients' trading experience…

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StoneX
February 08, 2023 BY Steffy Bogdanova

StoneX sees 32% fall in FX and CFDs revenue in Q1 FY23

In the first quarter of the year, net income came at $76.6 million during the first quarter, registering a 84% jump compared to Q1 FY22. StoneX’s ROE also improved by 27.3% in Q1 FY23. The diluted earnings per share (EPS) jumped 77% during the last quarter to $3.62 per share. FX and CFDs demand The…

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