Saxo confirmed it is well capitalized and there will be no primary issue of shares with the listing and the merger will comprise a secondary sale of existing Saxo Bank shares. According to the official announcement, Saxo shareholders Geely Financials Denmark A/S and Sampo Plc, are planning to liquidating a part of their holdings. At…
Read more
According to the numbers, Core Markets+ total revenue for the quarter came in at £200.3 million, registering an uptick of 5% YoY. tastytrade total revenue in Q1FY23 grew by 62%, or 15% on a pro forma basis. On a constant currency basis, pro forma total revenue stood at $41.1 million, up 1%, driven by additional…
Read more
VT Markets now offers more than 500 leveraged US shares CFDs. The list includes Amazon, Apple, Google, Visa, as well as other giants across different industries. For UK shares CFDs, traders have access to more than 100 top companies in the country, including Barclays, Vodafone Group, Lloyds Bank, and Unilever. For EU shares CFDs, among…
Read more
However, Integral registered a 4.8 % rise in ADV, compared to the same period the previous year. Integral provides cloud-based SaaS FX workflow solutions for a variety of buy-side FX market participants, such as banks, brokers, asset managers, and hedge funds.
Read more
David Bily, Founder and CEO of Moneta Markets, said: Since its inception, the intention has always been to build Moneta Markets into a brand that can operate on its own. The technological and infrastructural support of the Vantage Group, in the beginning, was vital in helping us launch and become a serious market contender, as…
Read more
Kim Fournais, CEO and founder of Saxo Bank, said: The results are not satisfactory and affected by difficult market conditions during the first half of 2022. Despite volatility in financial markets, trading activity was lower than the same period last year. Saxo Bank added that as it witnessed a drop in demand, its cost levels…
Read more
Suhail Al Otaiba, CEO at Traders’ Hub commented: We are extremely proud to be launching a new online trading firm in the UAE. Our goal is to become the investment house of choice for local and MENA region trading clients as well as provide the best trading environment for international expats and businesses in the…
Read more
Ending client equity came in at $310.1 billion, 15% below the prior year and 1% softer than the prior month. In addition, ending client margin loan balances were $43.1 billion, a 13% decrease compared to the previous year and 2% above the preceding month. Furthermore, Interactive Brokers had 1.99 million client accounts, representing a 33%…
Read more
However, despite the rise in net income, and value of trades, the number of trades fell by 2% to 28.7 million from 29.2 million in the first half of 2021. In addition, the number of active clients declined 17% to 33,493, and the number of active accounts fell 15% to 41,227. Admirals stated that the…
Read more
However, in its June quarter, operating revenue fell 3% on a quarter-over-quarter basis to $528.8 million, from the previous $544.7 million. On a year-over-year basis, it gained 23% from the $431.5 million reported the previous year. Quarterly net income was $49.1 million, down from $64 million posted in the last quarter. At the time, Sean…
Read more