UK online trading leader IG Group Holdings plc (LON:IGG) has today released its annual report FY19. Highlights include: Revenue - £476.9m Operating profit - £192.9m Net own funds generated from operations - £159.7m Basic earnings per share - 43.1p Total dividend per share - 43.2p As LeapRate previously reported, even though IG’s expectations were that…
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СySEC and FSC regulated Austria-based forex broker FIBO Group announced that it has launched MetaTrader 5 for web and mobile. The company's clients can now perform trading operations via any web browser, as well as MetaTrader 5 apps for Android or iOS. MetaTrader 5 web and mobile app options include: real-time quotes one-click on-chart trading…
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FX brokerage group GAIN Capital Holdings, Inc. (NYSE: GCAP), which operates the FOREX.com and City Index retail forex brands, has announced its financial results for the month of July 2019. OTC Trading Volume was $135.8b last month - a slight drop with 1.4% from June's $137.7b, but a significant plunge with 25.5% YoY. OTC Average Daily Volume dropped with 14.5%…
Read moreIn a surprise move, the Bank of Thailand announced that its Monetary Policy Committee had voted five to two to reduce its benchmark interest rate immediately by 25 basis points, reducing its 1.75% rate back down to 1.50%. It was the first change in rates since 2015. The Thai Baht had been the strongest performing…
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Edgewater Markets LLC., a global electronic currency trading business, recently launched Edgewater Digital Technologies, a new company that is establishing an institutional on-ramp for digital asset trading. As a result, Edgewater is realigning its senior operational leadership to support an organization restructuring to accelerate business strategy, new business and product creation strategy. With over 25…
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The following article is courtesy of Match-Trade Technologies. Many companies that have been operating in the Forex market for a long time, at some point start considering expanding their business and becoming a Liquidity Provider. Most often they are medium or large currency brokers but also technology providers and experienced business specialists cooperating with large…
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ASIC Regulated Australia-based multi-asset trading provider, ACY Securities, just announced that they have appointed Russell Sandiford as their new Chief Market Analyst. Sandiford has over 16 years’ experience in the global FX, indices and commodities markets and has a strong track record in providing targeted, timely and accurate analysis of these markets. Having previously worked for…
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RoboMarkets (RoboForex group) has just announced that it has received a license that allows providing services on Forex and CFD markets from Malaysia. RoboMarkets Asia Ltd has received the Malaysian license (license No. MB/19/0034) from the Labuan FSA and opened a regional headquarters in Labuan. The company has also opened a marketing office located in…
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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just published its operating metrics for the month of July 2019. The ADV submitted to CLS dropped with 7.1% MoM to US$1.75 trillion. ADV submitted to CLS by product (US$ trillion) Jul 2018 Jun 2019 Jul 2019 Swap…
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Global commodities broker, Marex Spectron, has announced that the IBP/NBP locational spread has traded on its broker screen for the first time. Bord Gáis Energy was the first company to trade the spread by transacting at the IBP and NBP simultaneously; a second spread trade was then completed shortly after the first. Martin Regan, Marex…
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