Marc Despallieres, Chief Strategy & Trading Officer, Vantage, said: We are thrilled to receive our FSCA license. We have had our sights on South Africa for some time, and we were determined to be able to provide traders with exceptional financial services and products while operating in compliance with the highest regulatory standards. The new…
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BGC Partners' profitability during the previous quarter was higher due to increased revenues and record quarterly productivity. Specifically, the brokerage company's pre-tax and post-tax adjusted earnings rose by 10.2% and 12.1%, respectively. Moreover, its earnings before interest, taxes, depreciation, and amortization also increased by 7% when compared to the same period in the previous year.…
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Michael Walker, Managing Director at BlackBull Market said: With BlackBull Trade we are going to offer our clients a new level of user experience, which they can hardly find with any other broker. Jon Light, Devexperts Director of the OTC Platform, added: Our trading platform can serve clients all over the world, it is in…
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EUR/USD Technical View The EUR/USD aggressively explored lower levels following the rate announcement. Leaving the underside of $1.11 unchallenged, downside pressure led H1 price action into a floor of bids around the $1.10 psychological figure. I am sure most would agree that the H1 chart is a bit of a mess; although we are rebounding…
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In the first quarter of the year, net income came in at $41.7 million during the first quarter, registering a 35% drop compared to Q2 FY23. The number was also 45.6% lower than the previous quarter. StoneX’s ROE also decreased to 13.8% in Q2 FY23. The diluted earnings per share (EPS) fell 37% during the…
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The average daily volume (ADV) in forex instruments stood at $5.1 billion. The figure dropped 25% on monthly basis and 10.5% on yearly. The brokerage firm reported that demand in Equities also registered fell. The volume in April was $174.7 billion, 32.8% lower compared to March. However, on yearly basis, the asset class rose 3.3%.…
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BDSwiss' MENA CEO Daniel Takieddine, commented: We are thrilled to have Hassan join our team. His extensive experience and proven track record in the finance industry make him the perfect candidate to lead our MENA expansion plans. We are confident that he will contribute greatly to the growth and success of our company. His collaboration…
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Brokeree Solutions said: We aim to provide brokers and their clients with the best trading experience possible, and this app is a crucial step in achieving that goal. We believe that this mobile app will make Social Trading even more accessible and user-friendly for users, ultimately helping them achieve their objectives. Another advantage of the…
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USD/JPY Direction Having noted price movement testing the mettle of weekly resistance at ¥137.23 and daily price on the verge of reclaiming space back under the 200-day simple moving average (aided by an RSI oversold signal), this appears to be a sellers’ market for the time being, at least technically speaking. While there is a…
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He stated: You can’t have Westernized interfaces being targeted to the Asian market because data has shown they fail really quickly. Exness, a global multi-asset broker, has been able to maintain high levels of client retention and satisfaction through its promise of a frictionless trading experience. The broker uses automation and algorithmic frameworks to process…
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