Category: Brokers

crypto
October 05, 2023 BY Elizabeth Anderson

Cryptocurrencies sliding in the face of rising US bond yields and overbought signals

Bitcoin was not the only cryptocurrency experiencing a decline. Ethereum also missed the mark, sliding below the $1,650 level. The global crypto market cap suffered a 0.89% blow, bringing its total value to approximately $1.08tn. Surprisingly positive results from the Job Openings and Labor Turnover Survey (JOLTS) strengthened 10-year bond yields, which are experiencing the…

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October 04, 2023 BY PureContent

CME Group (CME) posts second-best ever September and Q3 volumes

There was strength across various asset classes, with interest-rate products among those growing at an impressive rate. The standout performer was Ultra US Treasury Bond Futures, which soared to 308,238 contracts. There was also robust volume growth for SOFR futures (+44%) and options (101%). However, last year’s record-setting September meant a year-over-year decline for a…

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September 13, 2023 BY Elizabeth Anderson

Orbex expands trading enterprise with HonorFX acquisition

Upon sealing the deal, HonorFX clients can freely access Orbex products and services. In a media statement on its website, the company said: The partnership will enable us to cement our longstanding position as one of the leading brokers in the MENA region and expand the brand’s presence in Asia and beyond. The move will…

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September 04, 2023 BY Elizabeth Anderson

Tech giants on board with investment in Arm IPO

This is stirring up a lot of interest in the intended IPO of the SoftBank-owned Arm, which is aiming for a valuation between $50bn and $55bn. Reports indicate this chip designer plans to price shares between $47 and $51 each when it launches on the market. Considering these figures, Arm will land an offering between…

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September 01, 2023 BY Elizabeth Anderson

TradingView’s Broker of the Year, Pepperstone launches Spread Betting

The mundanity of screen switching is now a thing of the past for Pepperstone’s UK clients because, as from today, Pepperstone traders can directly spread bet Forex, Indices, Commodities, Shares (among other things) on TradingView’s advanced and highly customisable charts. Group CEO Tamas Szabo welcomed the new technology to Pepperstone’s arsenal in the following statement:…

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Tradeweb
July 28, 2023 BY Steffy Bogdanova

Tradeweb’s Q2 net income jumps 25% to $101.9 million

Net income for the period came in at $101.9 million and at $123.7 million on adjusted basis. Both numbers marked a rise on yearly basis of 24.9% and 10.8%, respectively. In Q2 2023, adjusted EBITDA margin stood at 52.5% and adjusted EBITDA for the quarter was $163.1 million. In comparison, for the same period during…

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July 27, 2023 BY Steffy Bogdanova

XTB sees net profit drop 12% in H1 2023, new clients jump 66%

Active clients XTB registered a record 167,000 new clients in H1, seeing a 65.5%YoY surge from the same period the previous year. The Warsaw Stock Exchange-listed company’s active clients also jumped to 274,450 by 44.4% However, XTB's CFD profitability per lot, representing the profit on a per-trade basis, experienced a 17.4% YoY decline, reaching PLN…

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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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