The brokerage also stated that it has recently expanded its portfolio with 28 Stock CFDs from Mexico, the Volatiltity Index (VOL.IDX/USD) and the South Africa Index (SOA.IDX/ZAR) for JForex users. Dukascopy rolled out an update to its JForex3 in February last year, launching the new version - its JForex4 trading platform. The company stated: Dukascopy…
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To further meet customer needs, Monex recently announced its intention to begin offering US equity margin account services. The launch has been delayed due to system issues, however, the group noted that the service will be available next week. Monex stated: With US equity margin trading, investors can trade twice the amount of their original…
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The group’s structure will be unaffected by the rebrand, as Raj Sitlani remains as Managing Director of iSAM Securities and Jonathan Brewer as Commercial Director. The company also noted that the rebrand will not impact the company’s clients. Additionally, as part of the rebrand the company is launching new websites: securities.isam.com, prime.isam.com and risk.isam.com. Robinson…
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FXOpen has been committed to expanding the ECN liquidity in order to provide the tight spreads for traders. Additionally, the broker recently announced its partnership with TradingView, giving their traders access to charting and social network trading platform. Gary Thomson, Chief Operating Officer of FXOpen UK, commented: FXOpen’s ongoing commitment to ensure trading is as…
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Pre-tax profit came at CHF 185 million in 2022. This represents a 17% drop from CHF 223 million in 2021. The company said: The diversified sources of revenues and a higher share of non-transaction based revenues have enabled Swissquote to navigate safely in a difficult market environment. Swissquote highlighted that some of the negative market…
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According to a source familiar with the matter, Saxo can also consider private share placement as shareholders Chinese automaker Geely (0175.HK) and Finnish insurer Sampo (SAMPO.HE) are looking to reduce their stakes. Fournais said that the company will keep “all options open” but the plan for now is to go public. The bank announced its…
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In 2022, EBITDA of the London-listed broker grew to $454 million from $387.1 million. Additionally, the company’s balance sheet remained strong as the Group continued to hold no loans or debt. The cash balance reached more than $900, compared to $749.5 million at the end of December 2021. Plus500 stated: The Group delivered an excellent…
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Rostro Group founder Roger Hambury added: The acquisition of Scope Markets presents the largest and latest acquisition, signalling our intent to be a leading provider of financial services within our sector globally. The team and I are very excited about the future. Rostro now has control over Scope Markets’ main operating hub in Cyprus, as…
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Billy Hult, Tradeweb's new CEO, said: Despite a complex backdrop of inflation, rates volatility, geopolitical risk and a strong U.S. dollar, we saw an increase of nearly 10 percent in our average daily volumes year-over-year in 2022. While rates volumes reflected these headwinds in the early part of the fourth quarter, we finished the year…
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The broker ended the month with client credit balance of $95.2 billion, including $2.4 billion in insured bank deposit sweeps. The number came in 9% higher than in December 2021 and 1% lower the prior month. However, client accounts on the platform increased 25% YoY and 1% MoM to 2.09 million in December 2022. Interactive…
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