Freetrade’s 2022 revenue exceeds £15.6 million, but losses also increase LeapRate

July 07, 2023 BY Steffy Bogdanova

Freetrade’s 2022 revenue exceeds £15.6 million, but losses also increase

Freetrade also successfully raised a significant amount of funds in the previous year. It secured £8 million through a crowdfunding round, with the participation of 6,869 investors from the UK and Europe. Additionally, two institutional shareholders of the company invested £29.3 million through a convertible loan note. A jump in registered users Last year, the…

July 07, 2023 BY Steffy Bogdanova

Euan Marshall has resigned as CFO at CMC Markets

Peter Cruddas, Group Chief Executive Officer of CMC, commented: Euan has been a highly valued member of the CMC team, holding various positions since becoming a part of the group in 2011. Over the past 4 years, he has served as the CFO, playing a crucial role in the Company's transformative journey. On behalf of…

July 07, 2023 BY Steffy Bogdanova

Cboe Global Markets appoints Jill Griebenow as CFO

Ed Tilly, Chairman and Chief Executive Officer of Cboe Global Markets, said: I want to thank Brian for his passion and commitment to Cboe during what has been a remarkable period of transformation and growth for our company. We wish him all the best in the future. With over to decades of experience, Griebenow has…

July 06, 2023 BY Steffy Bogdanova

Saxo Bank reports 8% drop in FX volume in June

The average daily volume (ADV) in forex instruments stood at $5.4 billion. The figure dropped 5.3% on monthly basis and 21.7% on yearly. However, the brokerage firm reported that demand in Equities registered a rise. The volume in June was $233.5 billion, 2.3% higher compared to May. O yearly basis, the asset jumped 21.6%. Fixed…

July 06, 2023 BY Steffy Bogdanova

CAPEX.com expands in Greek market with acquisition of WiredMarket.com

CAPEX.com highlighted in the official announcement that the newly announced acquisition will strengthen its position in the market and support its growth and expansion plans in the online fintech industry. Patrascu added: We see consolidation in the market as a positive development, and the current macroeconomic conditions and competitive landscape are favorable for such consolidation.…

July 05, 2023 BY Steffy Bogdanova

Graham Francis joins Marex as Group COO

Prior to that, Francis worked as a finance structurer at Dresdner Bank and Lehman Brothers, and before that started his career at Linklaters. He holds a MA in Law from Oxford University Ian Lowitt, CEO of Marex, commented: I am very pleased to be welcoming Graham to the senior leadership team at Marex. His appointment…

July 05, 2023 BY Steffy Bogdanova

FCA announces consolidated tape to reduce costs and enhance trading data quality

To implement this initiative, the FCA intends to initiate a competitive tender process to select a single provider for the CT in the bond market. This plan is a crucial component of the Edinburgh reforms and is expected to be realized through collaboration with the government by 2024. Sarah Pritchard, executive director of markets and…

July 05, 2023 BY Steffy Bogdanova

ATFX acquires Rakuten Securities Australia

Joe Li, Chairman of ATFX, commented: We are thrilled to welcome RSA into the ATFX family. This acquisition presents a significant opportunity for us to expand our presence in the Australian market and provide clients in the region with enhanced trading solutions. We are committed to investing in technology, talent, and resources to ensure that…

July 04, 2023 BY Steffy Bogdanova

Swissquote unveils a new investment and saving solution

As per the company's statement, Invest Easy encompasses four pre-established strategies: savings, prudent, balanced, and ambitious. The savings strategy is designed for long-term investments, while the prudent strategy emphasizes a cautious approach. On the other hand, the balanced strategy incorporates a moderate level of risk. In contrast, the ambitious strategy aims at high-risk investments, encompassing…

July 04, 2023 BY Steffy Bogdanova

Interactive Brokers sees 5% increase in DARTs in June

The broker ended the month with client credit balance of $98.9 billion, including $3.2 billion in insured bank deposit sweeps. The client credit balance came in 7% higher than in June 2022 and about the same as the prior month. Client accounts on the platform increased 19% YoY and 1% MoM to 2.29 million in…

Category: Forex