Category: Forex

CMC Markets
October 07, 2021 BY Alan Sayer

CMC markets expecting operating income of £126m in H1 of FY2022

Leveraged gross client income for H1 FY2022 is anticipated to be around £127 million, compared to £174 million the previous year. Meanwhile, leveraged net trading revenue for the period is expected to be approximately £100 million — half of the £200 million figure previously reported. However, non-leveraged trading revenue is expected to fall to £24…

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Cboe Global Markets
October 06, 2021 BY Alan Sayer

Cboe hires Bo Chung as Senior Vice President

Catherine Clay, Executive Vice President, Global Head of Data and Access Solutions, said:  For many years I have admired Bo's impressive track record of success and industry leadership and I'm thrilled to have him join the team. Cboe's expansive Data and Access Solutions offering is an integral part of the company's global vision and we…

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Deutsche Börse
October 06, 2021 BY Alan Sayer

Deutsche Börse announces next-generation digital post-trade platform

The company teamed up with numerous financial institutions to help build the infrastructure, including Citi, BNP Paribas, Deutsche Bank, DekaBank, dwpbank, Goldman Sachs, DZ Bank, Raiffeisen Bank International, and Vontobel. In addition, D7 is being built in collaboration with technology partners Digital Asset, Microsoft, R3, and VMware. Member of the Executive Board of Deutsche Börse,…

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PrimeXM volumes
October 05, 2021 BY Alan Sayer

PrimeXM hits new monthly record trading volume

In September, PrimeXM's total number of trades was 30.37 million, a 12% MoM improvement compared to August’s 27.15 million trades.  During September, the most traded instrument was XAUUSD (Gold), with $287.4 billion in notional value, representing around 23% of the overall monthly volume. The US30 index rose 3 places and displaced EURUSD as the 2nd…

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Interactive Brokers
October 04, 2021 BY Alan Sayer

Interactive Brokers sees daily average revenue trades jump 16%

Ending client equity for September was $353.8 billion, 52% higher than the same period in 2020, but down 3% compared to August. Interactive Brokers also reported ending client margin loan balances of $50.2 billion, a significant 67% increase on the year prior and a 1% rise on the month before. In a statement, Interactive brokers…

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Moscow Exchange
October 01, 2021 BY Alan Sayer

MOEX executive board chairman re-elected

Denisov has been in the role of Chairman of the Executive Board at MOEX since May 16, 2019.  Chairman of the Moscow Exchange Supervisory Board, Oleg Viyugin, commented: In accordance with best corporate governance practices, the Supervisory Board of Moscow Exchange considered re-electing the head of the Exchange well in advance of the expiry of…

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Revenue growth
October 01, 2021 BY Alan Sayer

Jefferies Financial Group reports record Q3 revenue

Net income for the third quarter stood at $407 million, or $1.50 per share. Jefferies Financial Group’s CEO Rich Handler, and company President Brian Friedman said: We are humbled by and deeply grateful for the confidence and trust our clients have shown in us, not just this quarter, but over the years and decades we…

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Playtech finalto
September 30, 2021 BY Steffy Bogdanova

Gopher to acquire Finalto for $250 million from Playtech

According to the official announcement, net cash available to Playtech at completing the sale will increase by approximately $242 million. This amount is in addition to the €40 million excess cash which was extracted during the first half of 2021. Teresa Teague, Partner at TT Bond Partners, commented: Gopher has been impressed by the strength…

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Alpha FX
September 29, 2021 BY Steffy Bogdanova

Alpha FX Group launches alternative banking platform

Morgan Tillbrook, Chief Executive Officer of Alpha FX commented: This launch is a direct result of our ability to attract top talent combined with our investment in technology. Adam Dowling, Managing Director of Alpha Platform Solutions, has been researching and developing our alternative banking strategy since joining in 2018, together with Sam Marsh who co-founded…

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Acquisition
September 28, 2021 BY Steffy Bogdanova

Volcap Trading acquired by Marex

Marex and Volcap’s clients will benefit from the acquisition and the broader product offering it brings. Volcap’s operation will be immdiately integrated directly into the existing Marex client platform. Ian Lowitt, CEO of Marex, commented: Volcap will add to our softs offering and will be a good fit with our fast-growing structured products business, Marex…

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