Category: Forex

IG Group
July 20, 2023 BY Steffy Bogdanova

IG Group sees total trading revenue increase of 5% to £1 billion in FY 23

Charlie Rozes, Acting Chief Executive Officer, commented: We’ve performed well in the much more difficult market conditions that persisted through most of the past year, maintaining our leadership position in OTC derivatives while building further momentum in our product and geographic expansion. Total revenue exceeded £1 billion for the first time in IG’s history, more…

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July 19, 2023 BY Steffy Bogdanova

Hargreaves Lansdown adds 13K new clients in Q4 2023

Chris Hill, Chief Executive Officer, commented: We delivered net new business of £1.7 billion in the period, up 6% on the previous quarter. The tax year end season remains a critical time for our clients and this year we focused on supporting them to navigate the changes to the tax landscape, making the most of…

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Interactive Brokers
July 19, 2023 BY Steffy Bogdanova

Interactive Brokers’s revenue falls 5% to $1 billion in Q2

On yearly basis, Interactive Brokers’s income before tax increased 66% YoY to $652 million, with the adjusted number climbing 58% to $716 million. Additionally, income from interest paid by clients rose 9% from Q1 to $694 million during Q2. During the quarter, the electronic brokerage reported pretax profit margin of 65%, while the last quarter,…

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July 18, 2023 BY Steffy Bogdanova

Kama Capital partners with Acuity Trading

Through this collaboration, Kama Capital will enhance its existing portfolio by integrating Acuity's AI-powered insights. This partnership aims to provide their clients with the ability to navigate the ever-changing financial markets with precision through a comprehensive set of market insights, empowering them to make informed trading decisions amidst the rapid pace of the trading landscape.…

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July 18, 2023 BY Steffy Bogdanova

Skale announces integration with CMC Markets Connect

David Nussbaum, Founder & CEO, Skale added: This integration builds on our strategy of integrating with market-leading trading platforms, extending our global reach. CMC Markets is recognised worldwide as an industry leader and we are thrilled that their institutional clients can now benefit from accessing our robust, flexible and secure platform which integrates all the…

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July 17, 2023 BY Steffy Bogdanova

Weekly data: GBPUSD & USOIL price action

On the technical side, the price on the chart is currently in a correction status after reaching a yearly high of around $1.31. The Stochastic oscillator is in the extreme overbought levels for the last 10 sessions  indicating that a correction to the downside might still have some more power into it. On the other…

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Euroclear reports operating income increase of 7% in H1 2021
July 17, 2023 BY Steffy Bogdanova

Euroclear finalizes acquisition of Goji

By leveraging Euroclear's open infrastructure, responsible for managing €3.1 trillion worth of funds worldwide, according to the official announcement, and harnessing Goji's technology, a digital platform will be created to enhance trading and custody processes, improve accessibility, and lower the overall cost of accessing private market funds. The acquisition comes at a time of growing…

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July 17, 2023 BY Steffy Bogdanova

CFI partners with AI-powered trading platform Capitalise.ai

Hisham Mansour, co-founder and MD of CFI Financial Group, commented: We are excited to introduce Capitalise.ai as a game-changer in the MENA trading landscape. By offering this code-free AI trading technology, we are empowering our clients with the ability to automate their trading strategies effortlessly. This partnership with Capitalise.ai underscores our commitment to providing our…

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