Mohamad Ibrahim, Group Chief Executive Officer (CEO) at XS.com said: We are thrilled to welcome Ahmed Negm our new Head of Market Research for the MENA region to the team. Ahmed’s expertise and passion for understanding the intricacies of the financial markets will be invaluable as we continue to grow our client base and expand…
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Britannia Global Masrket The Group’s brokerage business arm, Britannia Global Masrket Limited, has appointed Steve Pettitt as CEO. Current CEO, Ian Johnson will remain in his position until the transition is complete to ensure smooth handover. Pettitt currently serves as Director of Sales and has been instrumental in the growth of the company over the…
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FCA highlighted that t has made improvements to the digital tools it uses to detect problem firms and problematic advertisements, allowing the regulator to work on a larger amount of cases compared with 2021. ‘Fin-fluencers’ were pointed out as a growing concern as the regulator warned that unauthorized individuals should not give advice on certain…
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The financial services platforms offer high-risk investment instruments such as forex instruments and contracts for differences(CFDs), shares and other asset classes and cryptocurrencies. One of the entities on the lists claims to be fully EU regulated broker but has not specified details on its license. Consob has the authority to block websites offering illegal financial…
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S&P 500 Recent movement on the S&P 500 has largely been one sided since the index journeyed above weekly trendline resistance last week, taken from the high at 4,818. Up 2.7% on the week, the next level of resistance to perhaps throw a spanner in the works is Quasimodo resistance on the weekly scale at…
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According to the official figures, the quarterly revenue reached $293.0 million, up by 5.8% on yearly basis. The average daily volume for the last three months of the year came in at $1.1 trillion, falling 4.1% YoY. Net income for the quarter jumped by 65% to $99 million. The uptick was attributed to lower tax…
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The broker ended the month with client credit balance of $99.8 billion, including $2.4 billion in insured bank deposit sweeps. The client credit balance came in 12% higher than in January 2022 and 5% above the prior month. However, client accounts on the platform increased 23% YoY and 2% MoM to 2.13 million in January…
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Net profit for the period stood at PLN 50 million, suffering 27% fall YoY and 78.8% drop QoQ. However, the full year results were positive for the broker. The revenue for 2023 reached PLN 1.444 billion, skyrocketing 130.9% from the previous year. Net profit jumped 222% to PLN 765.7 million Active clients The numbers of…
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On yearly basis, however, last month’s ADV jumped 14.3% compared to January 2022. In January 2023, FXSpotStream’s overall volume stood at $1.33 trillion. The numbers were 4.7% up from the $1.27 trillion, recorded in December 2022. The overall trading volume of the firm has surpassed $1 trillion for every month of 2022 and it is…
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Invast Global institutional clients ten Soft Commodities which include Corn, Soybean, Wheat, Copper, Coffee Robusta, Coffee Arabica, US Heating Oil, Cocoa, Sugar and Cotton. They can be accessed via trading servers in New York (NY4), London (LD4) and Tokyo (TY3). According to the official announcement, speed of pricing and quality of execution are a key…
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