Category: Forex

April 21, 2022 BY Steffy Bogdanova

ACY Securities hires Andrew Taylor as managing director

Taylor said in his LinkedIn post: I’m happy to share that I’m starting a new position as Managing Director at ACY Securities! Taylor has worked with several prominent companies in the financial services sector. In his career, he has worked at Invast Financial Services, OneRoyal, and GFT Markets. Taylor spent over six years as Chief…

Read more
April 20, 2022 BY Steffy Bogdanova

Marex sees 31% increase in revenue in FY2021

Ian Lowitt, Marex CEO, commented:  We are proud of these results, which reflect a strong organic performance as we continue to drive forward our growth initiatives, diversifying our business by adding products to our service segments and expanding geographically. These more than offset a headwind from very low interest rates. Although the current macroeconomic environment…

Read more
Cornerstone revenue
April 20, 2022 BY Steffy Bogdanova

Cornerstone FS reports strong first quarter revenue

Cornerstone noted that excluding the contribution from acquisitions, the unaudited revenue stood at £888,000. This figure has surpassed the six-month revenue reported by the Group of £837,000 for the first half of 2021. Additionally, revenues generated by clients that Cornerstone served directly increased in the first quarter of 2022 to 77%, compared to 28% for…

Read more
Interactive Brokers
April 20, 2022 BY Steffy Bogdanova

Interactive Brokers sees 28% revenue drop in Q1 2022

The net interest income also fell 8% to $282 million, due to a drop in securities lending activity but was offset by gains on margin lending and segregated cash balances. However, the other income decreased by $159 million to a loss of $39 million. Pre-tax profit margin came in at 61%, compared to Q1 2021…

Read more
GCEX teams up with Centroid
April 20, 2022 BY Steffy Bogdanova

GCEX partners with Centroid Solutions to broaden liquidity reach

Cristian Vlasceanu, CEO, Centroid Solutions said: Adding GCEX as one of our Liquidity Provider partners for both FX and crypto currencies benefits our clients. In our experience, it is rare to find a single LP with such a strong, broad and cost-efficient value proposition. Our clients are increasingly looking at adding cryptos as an additional…

Read more
Spectrum Markets
April 19, 2022 BY Steffy Bogdanova

Spectrum Markets turnover rises 188% in Q1 2022

Daily trading volumes also continued to increase steadily in Q1. The highest daily volume was registered on 8th March when more than 23,000 trades were placed amid heightened market activity linked to Russia’s war in Ukraine. Spectrum Markets reported record growth last year with nearly doubled its trading volume. The company’s turnover reached €1.35 billion…

Read more
April 19, 2022 BY Steffy Bogdanova

Finvasia co-founder Tajinder Virk named Interim CEO of ZuluTrade

Before co-founding Finvasia, Virk has worked with some of the largest investment banks and hedge funds on Wall Street and has managed multibillion-dollar funds for major US banks. At ZuluTrade, he will work closely with the team to deliver on the business expansion goals. Tajinder Virk commented: We see ZuluTrade as the largest Social Wealth…

Read more
April 19, 2022 BY Steffy Bogdanova

Weekly data: Canadian and Japanese inflation in view

However, the rand has remained strong in the last few weeks as the South African Reserve Bank also appears to be in a cycle of tightening. On the whole, the outlook for South Africa’s economy seems to be stronger now than it was at the start of 2022: prices of important commodities, key to South…

Read more
Tickmill
April 19, 2022 BY Steffy Bogdanova

Tickmill adds a new CFD stock asset class to its offering

Sudhanshu Agarwal, Executive Director of Tickmill Ltd, said: We are very excited to introduce this exquisite list of CFD Stocks to our clients. Tickmill’s product offering, super competitive trading conditions, top-notch technology and the reliable regulated trading environment offers traders an all-in-one package and an unparalleled trading experience. This is another milestone achieved in Q1…

Read more