However, operating profit plummeted 93% to £13,088 despite the revenue gain from 2021’s £198,050. The drop in profit can be traced in the 75.7% rise in administrative expenses which reached £2.57 million, compared to £1.46 million in 2021. HYCM UK registered pre-tax profit of £13,243 in 2022 and £3,706 after taxes, compared to £196,185 net…
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Conversely, the chart would suggest a correction sooner or later, with overbought conditions having dominated in recent weeks. Friday’s peak above ¥182 was the highest price for pound-yen in more than seven years, even before the Brexit referendum, and with all three saturation signals clearly visible it would traditionally be a big risk to buy…
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On the daily timeframe, however, support is not visible until $1.2665, indicating that further downside could be seen for the pair. In terms of resistances, $1.3001 calls for attention on the daily timeframe, followed by weekly resistance at $1.3134. From the H1 chart, the US cash open welcomed an AB=CD harmonic support level at $1.2722…
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Prior to his new position as Head of Liquidity Asia, Lim has supervised the implementation of SG1 eFX to provide Asian clients with optimised pricing and enhanced liquidity. This expansion is similar to Finalto’s recent expansion into New York and Singaporean data centres. Kenneth Lim commented: I am absolutely thrilled to be embarking on this…
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TT CEO Keith Todd commented: TT FX will leverage the unparalleled global distribution capabilities of our platform, the award-winning functionality of our EMS and the widest possible choice of liquidity providers to deliver a truly best-in-class solution. We are delighted to have Tomo on board to lead this initiative for TT. He brings a wealth…
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Michael Milonas commented: We are delighted to announce the appointment of Sam Chaney as the new CCO for NAGA. With a wealth of experience in the industry, Sam Chaney will be a valuable addition to the team. Chaneys added: I am extremely excited to be joining NAGA and being part of such an innovative and…
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IC Markets noted: ICYT has already received recognition, with an industry award for 'Branded Business Show and Advertising' from Signal Awards and is among the top 25 most shared podcasts on Spotify, which has fuelled the company's determination to deliver even more exciting content. CEO and founder Andrew Budzinski stated: ICYT has been incredibly successful…
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White stated that the current conditions have presented significant challenges for broker-dealers, emerging hedge funds, and family offices in their efforts to access essential markets and services required to maintain competitiveness in an industry where performance is key. As a result, there is a growing interest in independent prime service providers who possess the necessary…
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Michael Sprachman, Devexperts Director, Exchange Traded Solutions, said: Increasingly, brokers are taking a mobile-first approach to trading, versus web or desktop-based as according to numerous researches it is found that over 50% of total web traffic comes from mobile users. However, we’ve designed our integrated solutions to be extremely user friendly and support seamless switching…
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MacKinnon added: In addition to local latency decreases, Singapore is a welcome addition to our global network, acting as a fallback venue for execution in the unlikely event of downtime in London or New York. With access to global liquidity sources, our clients can select the geographical centres that best meet their requirements. The official…
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