Category: Forex

IG Group launches a Share Buyback programme
July 21, 2022 BY Steffy Bogdanova

IG Group announces a £150 million share buyback programme

The electronic trading platform currently plans to launch another trench of up to £75 million during the financial year 2023. IG noted that it expects to complete the share buyback programme during the FY23. The company explained that its goal is to reduce share capital. June Felix, Chief Executive Officer, commented: Our new Capital Allocation…

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Robinhood
July 21, 2022 BY Steffy Bogdanova

Robinhood announces options trading for cash account holders

The American broker offering commission-free services noted that all eligible customers will now have access to options trading once reviewed. The company said: Options trading entails significant risk and is not appropriate for all customers, which is why all interested customers must apply for options access and have their account reviewed to determine if they…

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IG Group
July 21, 2022 BY Steffy Bogdanova

IG Group sees 16% increase in revenue in FY22

June Felix, Chief Executive Officer, commented: This year's record results show how we have achieved consistent, strong financial performance while we continue our journey to become a more diversified, innovative, global fintech. Our forward-looking strategy has positioned us well to capitalise on a significantly larger total addressable market and to take advantage of the ongoing…

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Interactive Brokers
July 20, 2022 BY Steffy Bogdanova

Interactive Brokers sees 13% revenue drop in Q2 2022

Between April and June, pre-tax income came in at $392 million, with the adjusted figure at $453 million. These numbers were down from the figures of the second quarter the previous year – $451 million and $437 million, respectively. Pre-tax profit margin fell to 60%, compared to Q2 2021 when it was 72%. The adjusted…

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GCEX 27/7 fx trading
July 20, 2022 BY Steffy Bogdanova

GCEX now offers 24/7 forex trading

Holst added: Adapting our offering to 24/7 FX trading has been relatively simple as we are already open all hours for crypto trading and are used to providing high levels of service at weekends. I think most of the demand for this will be from payment providers. If people are using credit cards at the…

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Capital.com
July 19, 2022 BY Steffy Bogdanova

Capital.com reports 1 million new user accounts in Q2 2022

Peter Hetherington, Group CEO, said: Over the past couple of years, Capital.com has been on a spectacular growth trajectory. Today, our focus is on ensuring a greater and bolder presence across mature, regulated markets such as the UK and western Europe. This is in line with our  goal to expand our global footprint in step…

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