Category: Forex

May 14, 2025 BY Sam Boughedda

Standard Chartered and FalconX Announce Partnership

In the initial phase of the partnership, Standard Chartered will provide FalconX with a “comprehensive suite of banking services,” including access to a broad range of currency pairs and enhanced cross-border settlement infrastructure.  FalconX will also initially integrate Standard Chartered's banking infrastructure. The integration is expected to improve the speed, scale and reliability of FalconX’s…

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May 14, 2025 BY Sam Boughedda

eToro IPO Priced at $52 a Share

The shares are set to debut on the Nasdaq Global Select Market on 14 May under the ticker symbol "ETOR".  The IPO is expected to raise approximately $620 million, valuing the stock and cryptocurrency trading platform at around $4.2 billion. Founded in 2007, eToro has established itself as a major player in retail investing, competing…

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May 13, 2025 BY Sam Boughedda

ABN Amro Appoints Yorick Naeff as Head of Innovation

The move is effective 1 February 2026. Naeff, who was previously an “entrepreneur in residence” at Techleap, is currently CEO and co-founder of Dutch investment platform BUX.  He has nearly two decades of experience in the financial sector, including previous roles as a strategy consultant and senior manager at ING.  “With his strong vision and…

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May 13, 2025 BY Sam Boughedda

The Stock Exchange of Thailand and Nasdaq Expand Strategic Partnership

The move, which is also expected to reinforce SET’s role as a regional financial hub, will see it promote the adoption of Nasdaq’s advanced risk and surveillance platforms across its member community.  The initiative builds on SET’s prior deployment of Nasdaq technology and aims to drive consistency and transparency across Thailand’s capital market infrastructure. “This…

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StoneX
May 13, 2025 BY Sam Boughedda

StoneX to Acquire Brokerage Plantureux et Associés

The deal will see StoneX’s subsidiary, StoneX Financial Europe GmbH, take over the Paris-based firm. Plantureux et Associés, with nearly four decades of experience in agricultural commodities, is seen as a well-established intermediary in France’s cereal market.  The firm operates across both physical and derivatives markets and is known for its deep industry expertise and…

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IG Group office1
May 12, 2025 BY Sam Boughedda

IG Group Sees FY25 Revenue, Pre-Tax Profit Meeting or Exceeding Upper End of Guidance Range

The company made the announcement in a fourth-quarter trading update, saying the updated forecast has been driven by elevated client trading activity in the fourth quarter. The trading platform cited higher-than-expected volatility across several asset classes, particularly in April, which boosted activity.  Market consensus currently estimates FY25 revenue at £1.05 billion and adjusted pre-tax profit…

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May 08, 2025 BY Sam Boughedda

HSBC Announces TradePay For Import Duties Amid Tariff Uncertainty

The new service, HSBC TradePay for Import Duties, is said to enable businesses to streamline duty payments while optimising working capital.  By allowing HSBC to settle import duty payments directly, either via pre-agreed credit terms with brokers or through ACH credits, HSBC said clients can access credit and make payments in a single transaction. “Clients’…

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StoneX
May 08, 2025 BY Sam Boughedda

StoneX Revenues Rise, But FX/CFD Contracts Segment Declines in Q2

Net income increased 35% to $71.7 million, while diluted earnings per share rose 29% to $1.41. Executive Vice Chairman Sean O’Connor credited the gains to “solid performance across a wide range of our products and segments,” citing increased market volatility and strong client engagement as positive drivers.  Return on equity rose to 15.7%, up from…

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