Category: Forex

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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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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