Pre-tax profit came at CHF 185 million in 2022. This represents a 17% drop from CHF 223 million in 2021. The company said: The diversified sources of revenues and a higher share of non-transaction based revenues have enabled Swissquote to navigate safely in a difficult market environment. Swissquote highlighted that some of the negative market…
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According to a source familiar with the matter, Saxo can also consider private share placement as shareholders Chinese automaker Geely (0175.HK) and Finnish insurer Sampo (SAMPO.HE) are looking to reduce their stakes. Fournais said that the company will keep “all options open” but the plan for now is to go public. The bank announced its…
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In 2022, EBITDA of the London-listed broker grew to $454 million from $387.1 million. Additionally, the company’s balance sheet remained strong as the Group continued to hold no loans or debt. The cash balance reached more than $900, compared to $749.5 million at the end of December 2021. Plus500 stated: The Group delivered an excellent…
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Rostro Group founder Roger Hambury added: The acquisition of Scope Markets presents the largest and latest acquisition, signalling our intent to be a leading provider of financial services within our sector globally. The team and I are very excited about the future. Rostro now has control over Scope Markets’ main operating hub in Cyprus, as…
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Billy Hult, Tradeweb's new CEO, said: Despite a complex backdrop of inflation, rates volatility, geopolitical risk and a strong U.S. dollar, we saw an increase of nearly 10 percent in our average daily volumes year-over-year in 2022. While rates volumes reflected these headwinds in the early part of the fourth quarter, we finished the year…
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The broker ended the month with client credit balance of $95.2 billion, including $2.4 billion in insured bank deposit sweeps. The number came in 9% higher than in December 2021 and 1% lower the prior month. However, client accounts on the platform increased 25% YoY and 1% MoM to 2.09 million in December 2022. Interactive…
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On yearly basis, however, last month’s ADV was 34.3% higher compared to December 2021. In December 2022, FXSpotStream’s overall volume stood at $1.27 trillion. The numbers were 14.2% down from the $1.48 trillion, recorded last November. The overall trading volume of the firm has surpassed $1 trillion for every month of 2022. The December ADV…
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The average daily volume (ADV) in forex instruments stood at $5.5 billion. The figure fell 12.7% on monthly basis but registered a 31% increase compared to December last year. The brokerage firm reported that demand in Equities continued its upward trajectory. The volume in December was $255.7 billion, falling 8.3% compared to November. On yearly…
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Admirals obtained license in South Africa to provide execution services in CFDs to retail and professional clients earlier in June 2022. As part of its expansion in South Africa, the company also opened an office in Cape Town. The global financial technology company further announced on Thursday that its Cypriot and South African business arm…
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The number of transactions for the period was down 4.2 million, which the company attributed to its withdrawal from the UK market, and trading volume came in at €69 billion, compared to 5.7 million transactions and trading volume of €132 billion, registered in the first half of last year. Clients also fell to €24 million…
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