The global fintech company noted that the third quarter was a “quieter quarter”, especially in December, when lower market volatility was observed compared to recent periods and the third quarter of the previous financial year. IG further highlighted the benefits of its diversification strategy which led to the exchange traded derivatives reaching £52 million revenue…
Read more
TP ICAP’s board has recommended to distribute 12.4 pence per share as a dividend to its shareholders at a 31% YoY increase. The global broking revenue increased by 13% on a reported basis and 7% on a constant currency basis, with a total of £1.25 billion. £302 million of this total was generated from FX…
Read more
February ADV increased 3.8% on monthly basis, compared to the $60.57 billion recorded the previous month. On yearly basis, however, last month’s ADV fell 0.4% compared to February 2022. Last month, FXSpotStream’s overall volume stood at $1.26 trillion. The numbers were 5.26% down from the $1.33 trillion, recorded in January 2023. The overall trading volume…
Read more
Established in 2013 in London, Acuity leverages proprietary technology to extract and analyze rich sentiment data from global news sources, offering market insights. Its market signals rely on Machine Learning and Natural Language Processing technology. Acuity launched an R&D center in Barcelona, Spain in June last year. Acuity Trading, CEO Andrew Lane: Acuity works to…
Read more
NinjaTrader Group CEO Martin Franchi said: The entire team at NinjaTrader has been hard at work implementing cloud-based technology that delivers an entirely new trading experience to the active retail trading community. Our customers can now seamlessly trade across any device from any location and access a host of new features and trading tools. We’ve…
Read more
The average daily volume (ADV) in forex instruments stood at $5.5 billion. The figure grew 5.8% on monthly basis but was 1.8% lower than the previous year, The brokerage firm reported that demand in Equities also fell. The volume in February was $208 billion, falling 5.3% compared to January. On yearly basis, the asset class…
Read more
The broker ended the month with client credit balance of $97.9 billion, including $2.5 billion in insured bank deposit sweeps. The client credit balance came in 10% higher than in February 2022 and 2% below the prior month. However, client accounts on the platform increased 22% YoY and 2% MoM to 2.16 million in February…
Read more
Admirals onboarded 16,113 new clients in 2022, which is a 16% decline from the previous year due to the pandemic's effects. However, the number of active clients strengthened by 13% to 55,242. The average amount of trades executed by each client was 1,068, and the net trading income per client increased by 72% to €1,249.…
Read more
The recent buyback program started after completing another $60.2 million buyback program in November. The Israeli-based broker said in the official statement: The purpose of this Share Buyback Programme is to further highlight the Board's continued confidence in the future prospects of Plus500 and reflects its strong financial position. This confidence is supported by the…
Read more
Mohamed Al Ahmad, Co-Founder & Chief Managing Director of Equiti Group, added: The UAE, with its capital Abu Dhabi, has a very strong economy and a solid financial infrastructure. This will allow us to attract more international investors to the capital. We are aware of how discerning and astute the investors in Abu Dhabi are.…
Read more