Category: Forex

June 05, 2023 BY Alan Sayer

Nium Appoints European Senior Vice President and General Manager - Says European Reveneu Doubled Last Year

Sandhofer joins Nium from Payoneer, an American financial services firm that provides online money transfer and digital payment services. Before joining Payoneer in 2021, Sandhofer spent almost 10 years at UniCredit before co-founding Optile, a tech business that streamlines payment acceptance processes for merchants worldwide. Prajit Nanu, Nium's CEO and Founder, commented: Despite a challenging macroeconomic…

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Interactive Brokers
June 02, 2023 BY Alan Sayer

Interactive Brokers Reveals DARTs Declines 19% YoY

Ending client credit balances were $98.7 billion, which includes $2.9 billion in insured bank deposit sweeps, representing an 8% rise from the prior year and a 1% decline compared to the previous month. Elsewhere, the average commission per cleared commissionable order came in at $3.08, including exchange, clearing, and regulatory fees. The average commission per…

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June 02, 2023 BY Alan Sayer

ASIC Issues DDO Stop Order Against Mitrade Global

ASIC's concerns were raised by a retail investor questionnaire that Mitrade used as a key step for compliance with its obligations. The questionnaire gave prompts to a prospective retail investor to review any "unacceptable answer" that would indicate that the investor was not likely to be in the target market for the products. They said…

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June 01, 2023 BY Steffy Bogdanova

Match-Trader integrates with ZuluTrade's social trading platform

Furthermore, the integration doesn’t interfere with clients’ management. Brokers can keep track of all traders’ activities and positions in their CRM and Manager app (whether it is with the ZuluTrade Platform or not). The addition of ZuluTrade platform to the Match-Trader ecosystem expands broker’s social trading offering with ZuluTrade’s wide portfolio of experienced signal providers.…

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June 01, 2023 BY Steffy Bogdanova

Equiti Group announces acquisition of digital payment technology provider Cloud Invest

Chief Managing Director of Equiti Group and Co-founder, Mohamed Alahmad, added: This strategic acquisition marks a significant step towards expanding our capabilities in the digital payments sector. Alahmad added that Cloud Invest's experience of working with banks, financial institutions and partners such as Mastercard, Visa and Network International spanning more than 10 years will boost…

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May 31, 2023 BY Steffy Bogdanova

SquaredFinancial Group promotes Philios Petrides to CPO

Furthermore, founder and CEO Philippe Ghanem recently came back in charge of the business. He brings two decades of industry experience during which he has built and assisted with the growth of two brokerage firms with millions of clients. According to the official announcement, he has plans for restructuring his leadership team and implementing major…

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May 31, 2023 BY Steffy Bogdanova

Aron Groups Broker partners with Brokeree Solutions to launch social trading platform

Farzad Vajihi, Aron Groups Broker’s CEO, commented: We are excited to launch our new social trading platform powered by Brokeree Solutions. It's a game-changer for our clients, enabling them to take advantage of innovative social trading capabilities and enhance their trading strategies. Victor Ivanov, the Regional Head of Business Development (EMEA), added: For several years…

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May 31, 2023 BY Steffy Bogdanova

Elizabeth Leskauskaite joins BidX Markets as its new liquidity manager

Simon Blackledge, CEO of BidX Markets, said: BidX Markets is dedicated to providing exceptional trading experiences and innovative solutions to financial institutions. We are delighted to welcome Elizabeth to our team. With her proven track record in liquidity management and a deep understanding of the Forex, CFD and crypto markets, we are confident that Elizabeth…

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CobaltFX
May 31, 2023 BY Steffy Bogdanova

BNP Paribas and NatWest go live with ‘Dynamic Credit’ from CobaltFX

BNP Paribas and NatWest have been long term partners with CobaltFX and now both companies are increasing their engagement with the Dynamic Credit product to manage credit exposures for their respective financial institutions, addressing overly manual processes as well as market access and control. Joe Nash, Digital COO for Foreign Exchange, Rates and Commodities, BNP…

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May 30, 2023 BY Steffy Bogdanova

FXOpen expands currency pair offering with HUF and CZK

Gary Thomson, Chief Operating Officer of FXOpen UK, noted: While the euro and US dollar have remained relatively stable, the Hungarian forint has experienced a remarkable appreciation in value. Despite economic challenges and geopolitical uncertainties across the Western world, the forint has seen a significant increase in strength since October last year. This notable upward…

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