Last month was also the second-highest monthly volumes on record for the company with the highest ever being March 2020 during the height of the pandemic-induced volatility. The volumes increase in March follows a recent upward trend at Integral seen in the last few months. The rise is attributed to the increasing activity on TrueFX…
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This is the second time the brokerage is updating its income expectations for the financial year 2021. In January the company expected the net operating income to be £376.6 million, ranging from £370.2 million to £387.5 million. CMC Markets reported a 135% jump in revenue in the first half of the financial year with around…
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The trading app increased its popularity among young people during the lockdowns in the coronavirus pandemic with its zero-commission business model playing a significant role. The gained popularity of the venue also brought regulatory scrutiny and public-relations problems at the beginning of the year. Robinhood found itself in the eye of the storm during the…
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In 2020, the UK-registered BidFX saw the Singapore Exchange take the full acquisition of the company. SGX had previously only obtained 20% of the company. The new acquisition comes hand-in-hand with significant expansions, including expanding into OTC markets with FX futures. BidFX is now developing its range of products on offer to its international FX…
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BDSwiss highlighted in its announcement that it is one of the first retail trading companies as regulated by the Cyprus Securities and Exchange Commission (CySEC) to receive the complimentary certifications from the ISO. Christos Alatzidis, Chief Information & Technology Officer of BDSwiss commented: The combined acquisition of these particular ISO classifications is not a very…
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The announcement also noted the company’s expansion in the European region. In 2019, Swissquote acquired Internaxx Bank S.A., which was then rebranded Swissquote Bank Europe SA and opened doors for Swissquote to further expand its product line in Europe. In December 2020, the company also launched an online leasing offering with Tesla, focusing on a…
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June Felix, Chief Executive Officer commented: I am delighted with the excellent results and progress we have made towards delivering on our strategic goals. The continued performance from the Significant Opportunities portfolio has been remarkable, and we anticipate substantially achieving the revenue target of £160 million one year ahead of plan. The Group is also…
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Liquidnet’s electronic network integrates extensive buyside trade workflow connectivity and includes advanced incorporations with all execution management and major order management systems. Alongside its hopes to achieve new growth opportunities, TP ICAP also expects to take advantage of analytics and data assets expertise from both organisations in order to push non-transaction-related revenues. The overall consideration…
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Sergei Bogatenkov commented: This does not capture the full scope of what we do anymore. We are more than a broker. We have been expanding our product offering and are adding new services. We are a global financial hub disrupting the FinTech world on a global scale. Our aim is to streamline personal finance for…
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Rahul Agarwal, Managing Director of ITI Capital, comments: We’re excited to announce this new service, giving clients the opportunity to expand and diversify their investment portfolio through ITI, participating in the latest IPOs and secondary placing deals. Right now, there are many innovative, fast-growing new companies in the financial services, tech and fintech space preparing…
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