Category: Forex

Robinhood
October 27, 2021 BY Steffy Bogdanova

Robinhood sees crypto activity decline in Q3 2021

The drop led to considerably fewer new funded accounts and lower revenue in the third quarter of 2021 compared with the second quarter of 2021, according to Robinhood. The California-based online brokerage remained at a loss with pre-tax loss of $1.37 billion. The net loss stood at $1.32 billion, or $2.06 per diluted share. The…

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OANDA appoints Lisa Shemie as General Counsel and Corporate Secretary
October 27, 2021 BY Steffy Bogdanova

Lisa Shemie joins OANDA as General Counsel and Corporate Secretary

Shemie commented: Over the years, OANDA has earned a reputation for integrity in the FX community, emerging as an industry leader, widely recognised for its dedication to the success of its clients. I’m looking forward to partnering with the business to help capture new opportunities and fuel company expansion in the future. Additionally, Shemie has…

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October 26, 2021 BY Steffy Bogdanova

Deutsche Bank’s Singapore e-FX trading hub goes live

Deutsche Bank highlighted its growing presence in the APAC region, moving up the list of the top-ranked liquidity providers in APAC in Euromoney’s annual FX Survey. Chris Bezuidenhout, CIO for Corporate & Investment Bank in APAC and Global Emerging Markets said: We continue to invest in sharpening our technology to ensure that our electronic offering…

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XTB
October 26, 2021 BY Steffy Bogdanova

XTB revenue jumps 40.8% in the third quarter of 2021

The broker stated: The significant factor determining the level of revenues was a constantly growing client base combined with their high transaction activity noted in the number of concluded transactions in lots and in the nominal value of the realized turnover. As a consequence, the transaction volume in CFD instruments amounted to 1 044 thousand…

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October 25, 2021 BY Steffy Bogdanova

Weekly data: ECB’s meeting and inflation ahead

The clear target for old buyers is the 161.8% weekly Fibonacci extension just below $90. Finding an entry as a new buyer is likely to be difficult here, but a bounce seems possible from the 38.2% zone of the weekly Fibo fan and definitely from the psychological area around $80. Brent has been strongly overbought…

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Acquisition
October 25, 2021 BY Steffy Bogdanova

S&P Global and IHS Markit merger approved by the European Commission

Lance Uggla, Chairman and Chief Executive Officer of IHS Markit, added: Our teams have been working closely with the relevant regulatory authorities to achieve this important milestone for our merger. Once combined, the new company will deliver a broader set of information and insights that will drive the growth and performance of our customers. The…

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Saxo Markets HK
October 25, 2021 BY Steffy Bogdanova

Saxo Markets obtains SFC Type 4 and Type 9 licenses in Hong Kong

Saxo Markets’ fintech background and understanding of the local market will allow the company to provide a more personalised asset management options to investors at a lower fee threshold. Head of Wealth Management and Responsible Officer of Saxo Markets, Lester Chan said: Investors in Hong Kong now are very much digital-savvy. They are looking for…

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Plus500
October 25, 2021 BY Steffy Bogdanova

Plus500 sees revenue drop of 2% in Q3 2021

The number of newly onboarded customers also registered a significant fall with 43% down in Q3. The new clients came at 26,169 during the quarter, compared to 46,238 for the same period last year. David Zruia, Chief Executive Officer of Plus500, commented: Plus500 delivered another excellent performance in Q3 2021, maintaining the strong operational momentum…

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October 25, 2021 BY Steffy Bogdanova

HSBC’s Q3 profits reach $5.4 billion

HSBC’s outlook for revenue remains positive with expectations to see growth, moving forward. The company also noted that it remains committed to the ESG agenda and continues to make progress. Quinn continued: While we retain a cautious outlook on the external risk environment, we believe that the lows of recent quarters are behind us. This…

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