Peter Cruddas, Chief Executive Officer said: During these extraordinarily difficult times, I would like to take the opportunity to convey my sympathies to everyone who has been impacted by the COVID-19 pandemic. I am extremely proud of the resilience and dedication shown by all of my colleagues at CMC, who are contributing to ensuring that…
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The retail FX brokerage firm Doo Prime is a wholly owned subsidiary of Hong Kong-based fintech firm Doo Holding Group. The Group’s other subsidiary, Doo Prime Vanuatu Limited is regulated by the Vanuatu Financial Service Commission (VFSC). The fintech also operates Doo Clearing Limited, which is licensed by the UK’s Financial Conduct Authority (FCA) to…
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ATFX also increased its offerings by launching new products, including Gold and natural gas futures, as well as 3M (MMM), the U.S. stock CFD. The COO of ATFX Group, Jeffrey Siu, commented on the news: The positive results we registered in Q1 were driven partly by increased volatility in the global financial markets. The state…
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Both products, UKOilSpot and USOilSpot, have the same CFD contract sizing and pip costs as FXCM’s Futures Oil CFDs. The spot products have a daily financing fee for holding positions past 5pm EST, while existing futures products do not. Brendan Callan, CEO of FXCM said: With the collapse of oil prices recently, many traders are…
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The average daily volume OTC trading was $8.5 billion, down by 1.2%, compared to April when it was 8.6%. Futures contracts amounted to 543,683 in May, a 4.1% MoM drop compared to 567,189 last month. Gain Capital announced that the company’s stockholders voted last Friday to approve the set forth in February merger with financial services provider…
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Dáire Ferguson, CEO at AvaTrade, commented: AvaTrade is committed to empowering people from across the globe to trade in a safe, innovative and reliable environment. The opening of our Polish office will see local traders benefit from a richer trading experience, backed by our best-in-class service, dedicated support and custom-made solutions to fit their trading…
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The company expects the performance to revert to normal over the financial year. The revenue and profitability for the full year is expected to be in-line with consensus expectations. David Zruia, Interim Chief Executive Officer, said: We are pleased the business has continued to generate record levels of Customer Income, added over 100,000 new customers…
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Since its establishment back in 2010, the broker has more than doubled in size over the past two years as well as expanded and tailored its product offering into hundreds of new markets. Thanks to our presence in Dubai, Pepperstone can establish even closer ties with our clients in the Middle East. Dubai is a significant global financial hub and…
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Net trading revenue in Q4 FY20 is now estimated to be approximately £259 million (Q4 FY19: £117.9 million), with full year net trading revenue anticipated to be approximately £649 million (FY19: £476.9 million). IG Group will announce its full year results for FY20 on 23 July 2020. Read more: Ben Hemington joins IG Group as…
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The company’s Overall Volume in May reached USD$758 billion, up by 1.4% MoM compared to April. The trading volume was a bit disappointing with a 5.48% decline, compared to May last year when it registered $802 billion. And still almost half of the volumes registered in March 2020 when crossed the $1 trillion mark for…
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