Kim Fournais, CEO and founder of Saxo Bank, said: As we look ahead, it is clear that we live in a world that is still seeing many uncertain and unprecedented experiments both financially, technologically, socially and health-wise. We are confident Saxo Bank is heading in the right strategic direction. We are building a prudent financial…
Read more
Despite the increase in revenue, the company is still running at a loss, reporting a net loss during Q2 2021 of $502 million, or -$2.16 per share. In the second quarter of 2020, it reported a net income of $58 million, or $0.09 per share. Adjusted EBITDA (non-GAAP) was $90 million in the second quarter…
Read more
Plus500 stated: The Company will hold the repurchased shares in treasury. Following the purchase of these shares, the remaining number of ordinary shares in issue will be 101,331,310 (excluding treasury shares), and the company will hold 13,557,067 ordinary shares in treasury. Therefore, the total voting rights in Plus500 will be 101,331,310. The CFD trading platform…
Read more
Mario Singh, CEO of Fullerton Markets, said: Our aim to be at the forefront of innovation and financial services has led us to the creation of the prepaid card for our VIP clients. This is a new feature in addition to the wide range of withdrawal options that Fullerton Markets is currently offering to our…
Read more
The number of active customers has grown compared to both halves of 2020. It is currently 333,940, up from the first half of 2020 which saw 328,409 and a larger recovery after the customer base fell in the second half of 2020 to 278,566. The company is also expected to see revenue continue to grow…
Read more
Adam Smith, CEO of Saxo Capital Markets Australia commented: The retail investment market is booming locally – Saxo Markets Australia’s trading client base increased by 56% in 2020 and our new client base increased by 114%. Smith added: We’ve also seen a spike in investors looking to trade international stocks, given that markets like the…
Read more
XTB is authorized by regulators to operate in following countries including Poland, the United Kingdom, CyPrus, Spain and Belize. The new authorization follows the recently acquired license in Dubai. A lot of financial services companies have recently gained regulatory license in South Africa including Exness, ETX Capital, Eurotrader and Qinox Tech.
Read more
The figures for the first three quarters of the year are slightly different, although they still show an increase in profits for the company. Total revenue for 2020 was at $39.854 billion, with 2021 revenues decreasing by 23% to $30.687 billion. Despite the fall in revenue, expense figures were improved over this period. StoneX decreased…
Read more
Despite this significant increase in expenses, it is something that XTX Markets expected. As it moved across IP ownership and staff contracts to XTX Markets, this led to the expense increases. XTX Markets also made it clear in its financial statement that it had no contributions to political parties and, as such, had no political…
Read more
PrimeXM Data Centre in London LD4 registered $796.11 billion in notional value, 76% of the total monthly traded volume. The Data Centre TY3 has returned second place from with $125 billion in monthly trading volume, 5.5% more than the $118.50 billion registered in NY4 Data Centre. XAUUSD remains consistent as the favouruite instrument of PrimeXM's…
Read more