Category: Forex

July 27, 2023 BY Steffy Bogdanova

Virtu Financial sees 17% trading income decline in Q2 to $507 million

Moreover, Virtu Financial disclosed that its adjusted net trading income saw a 22% drop, reaching $278.7 million during the last quarter, down from the $357.4 million recorded in the second quarter of 2022. Furthermore, the electronic market maker's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $122 million, which represents a 43%…

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July 26, 2023 BY Steffy Bogdanova

ATFX UK's 2022 profit soars nearly 300% to £838K

With these financial results, ATFX UK expressed confidence in its strong balance sheet and its ability to achieve long-term strategic goals. The company pledged to continue direct marketing efforts in the European Economic Area and other authorized international territories. The company stated in the report that its primary focus will be on current high net…

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July 26, 2023 BY Steffy Bogdanova

TMGM becomes Chelsea's APAC partner in a multi-year deal

Jurasek commented: This new relationship aligns our shared commitment to innovation and we look forward to building this partnership and introducing TMGM’s impressive online trading services to our fans. TMGM chief commercial officer Nick Yang also shared excited to bring the company’s trading expertise to the team’s fan base Yang said: Together, we will explore…

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what are liquidity providors?
July 26, 2023 BY Alan Sayer

What Are Liquidity Providers?

How do liquidity providers work? Liquidity providers generally fall under two classifications – the very large financial institutions that are the predominant sources of liquidity and the second-tiered players that package the offerings from the players in the top tier, acting as an intermediary for traders and offering additional tools for managing risk and other…

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July 25, 2023 BY Steffy Bogdanova

Weekly data: traders concentrate on the Fed and ECB

The focus for the Fed’s press conference on Wednesday night is on whether there’s any hint about a hike in the fourth quarter. Traders mostly expect this to be the last hike of this cycle for the moment, but it’s likely that the consensus will change at least slightly after Jerome Powell’s comments. Friday’s PCE…

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July 24, 2023 BY Steffy Bogdanova

Nadine Bautista joins XS.com as country manager for the Philippines

Bautista steps into a vital role, overseeing a team of key account managers and leading the company's efforts to boost profits through sales activities, marketing strategies, and customer engagement. By fostering collaboration with different departments, Bautista aims to create seamless and cohesive trading experiences for the brokerage's esteemed customers. Nadine Bautista, Country Manager (Philippines) at…

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July 21, 2023 BY Steffy Bogdanova

Italy's Consob blocks four more abusive websites

These companies offer high-risk investment instruments, including contracts for differences (CFDs) of forex and other asset classes. Consob has the authority to block websites offering illegal financial services at an internet service provider level. The regulator stated: The black-out of these websites by Internet service providers operating on Italian territory is ongoing. For technical reasons,…

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July 20, 2023 BY Steffy Bogdanova

Your Bourse unveils its Stop-Out Plugin for prop trading

With the Stop-Out Plugin, brokers can set distinct negative and positive stop-out parameters for different groups of accounts, providing flexibility and customization options. This functionality allows brokers to customize their risk management strategies for specific trading groups, granting precise control over each account's performance and risk exposure. Once integrated into MT4, all subsequent configurations and…

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