Net contribution rose 26% year-on-year to $210 million, driven by higher trading activity. Assets under administration increased 54% to $17.5 billion, while funded accounts climbed 14% to 3.63 million, boosted by continued user acquisition, retention efforts, and the 2024 purchase of Australian app Spaceship. Adjusted EBITDA was up 31% to $72 million, supported by increased…
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The move is said to give traders commission-free equities trading, low-cost futures access, and API connectivity through MultiCharts, which offers advanced charting, built-in indicators, high-precision backtesting and multi-broker automated trading tools. Futures will be priced at $0.85 per standard contract and $0.50 for micro contracts. TradeStation said the integration expands its advanced trading capabilities, allowing…
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Craig Marshak will be appointed chief executive officer, bringing more than 30 years of investment banking and growth capital experience, including a leadership role at Nomura’s $500 million Growth and Technology Fund in London. The company also intends to appoint Harinder Sandhu to its board. The “Wertheim & Company” trademark dates back to the original…
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The firm said that Williams will provide economic commentary and strategic analysis to strengthen the firm’s thought leadership and equip clients with a deeper understanding of a rapidly changing global economy. A well-known figure in financial circles, Williams served as chief economist at Lloyds Bank Commercial Banking for more than a decade. He is also…
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The Mauritius-based firm said the licence marked a “significant step” in its strategy to establish a regulated presence in the UK, one of the world’s largest financial hubs with an estimated 19 million active traders in 2024. “We’re incredibly proud to take this step,” said Gareth Derbyshire, spokesperson for Ultima Markets. “Becoming FCA-regulated reflects our…
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The London-listed fintech group posted revenue of $415.1m for the six months to June 30, up 4% from $398.2m a year earlier. EBITDA edged 1% higher to $185.1m, representing a margin of 45%. Active customers rose 2% to 179,931, while the average revenue per user increased 2% to $2,307. Average deposits per active customer more…
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OTP Bank is one of Hungary’s largest commercial banks and part of OTP Group, a leading banking group in Central and Eastern Europe undergoing significant growth. Its decision to join CLSSettlement is said to reflect the increasing adoption of payment-versus-payment (PvP) settlement solutions among financial institutions seeking to reduce foreign exchange settlement risk, enhance operational…
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The London- and New York-based software provider serves financial markets with AI-native application development tools aimed at modernising legacy systems, reducing vendor dependencies and replacing end-user computing. “Leading Genesis has been the thrill of my career,” Murphy said. “I am deeply proud of what we have built in partnership with our inspirational clients, strategic partners…
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The company said its new offerings, including a public API, AI-powered dashboards, and algorithmic trading tools, will allow vetted users known as Popular Investors to build and share bespoke strategies. “We’re enabling our Popular Investors to innovate like top quantitative hedge funds,” said CEO Yoni Assia. The rollout includes Tori, eToro’s AI companion, which delivers…
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Szandra succeeds John Bendermacher, who is retiring after a tenure leading the group’s internal audit function. Her appointment marks a return to Euroclear’s audit roots, having begun her career at the company in 2010 within its Internal Audit team. She brings extensive experience and a deep knowledge of the organisation to her new role. Since…
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