The net interest income also fell 8% to $282 million, due to a drop in securities lending activity but was offset by gains on margin lending and segregated cash balances. However, the other income decreased by $159 million to a loss of $39 million. Pre-tax profit margin came in at 61%, compared to Q1 2021…
Read more
Daily trading volumes also continued to increase steadily in Q1. The highest daily volume was registered on 8th March when more than 23,000 trades were placed amid heightened market activity linked to Russia’s war in Ukraine. Spectrum Markets reported record growth last year with nearly doubled its trading volume. The company’s turnover reached €1.35 billion…
Read more
Sudhanshu Agarwal, Executive Director of Tickmill Ltd, said: We are very excited to introduce this exquisite list of CFD Stocks to our clients. Tickmill’s product offering, super competitive trading conditions, top-notch technology and the reliable regulated trading environment offers traders an all-in-one package and an unparalleled trading experience. This is another milestone achieved in Q1…
Read more
Mohamed Al-Ahmad, CEO of Equiti Securities Currencies Brokers LLC, and Co-founder of Equiti Group, added: With the addition of our new UAE SCA license, our clients in the region can be confident that they are dealing with one of the most well-regulated and progressive brokers in the Middle East. Gaurang Desai, Managing Director: Strategy, Equiti…
Read more
Plus500 stated in the official announcement: The purpose of the New Share Buyback Programme is to further highlight the Board's continued confidence in the future prospects of Plus500 and reflects its strong financial position. This confidence is supported by the significant operational and financial momentum achieved by Plus500 over recent years, as the Group continues…
Read more
Gho went on to say that the company was looking for an easy to implement, no-code business application and that motivated the choice of Conv.rs. Its chat allows ActivTrades to reach more customers, faster and in a more efficient manner. Enis Mehmet, CCO of Conv.rs, further commented: With ActivTrades having multiple locations that service different…
Read more
Customer growth and expansion During the first three months of the year, the London-listed broker onboarded 33,740 new customers. This is marginally higher than the previous quarter, when the number of customers fell but 62% lower than the Q1 2021. Plus500 also reported 176,642 active traders on its platform. The average revenue per user increased…
Read more
Additionally, BUX has also included additional 95 new fractional US stocks to its offering. Big names among the U.S. stocks that are now also available for fractional investments include Mastercard, PepsiCo and IBM. The company noted that fractional investing in European stocks will also become available in the future. Yorick Naeff, CEO of BUX, commented:…
Read more
David Jones, Chief Market Strategist at Capital.com, said: There's nothing like volatility to bring traders to markets, and we obviously had that by the bucket load in the first quarter of the year. Gold and oil were notably active markets as Russia invaded Ukraine - at its highest, oil was up 70% for the year…
Read more
PrimeXM’s Data Centre in LD4’s notional trading volume in March stood at $964 billion. TY3 recorded $191 billion and NY4 followed with $191 billion. SG1 data centre showed steady growth with $8.57 billion. XAUUSD remains the most popular trading instrument, recording one third of all volume traded in March. EURSD index took 2nd place with…
Read more