Category: Brokers

StoneX
February 09, 2021 BY Steffy Bogdanova

StoneX revenue rises 1,200% after acquiring Gain Capital

StoneX completed the acquisition of Gain Capital in August 2020 in a $36 million deal. To execute its plan for the merger of GAIN’s UK operations, the company preparing to mitigate its exposure to the British Pound in the Gain subsidiaries. As part of its strategy, StoneX increased the US dollar balances in the Gain…

Read more
CFI Financial group reduces spreads by up to 31% on various instruments
February 04, 2021 BY Steffy Bogdanova

CFI adds new markets to its offering

Additionally, CFI announced earlier in January 2021, the reduction of spreads up to 31% across various instruments with some products now reaching zero. Founders and Managing Directors of CFI Financial Group, Hisham Mansour and Eduardo Fakhoury commented: Expanding the range and number of products we offer means our clients have access to an ever increasing…

Read more
Integral volumes report
February 03, 2021 BY Steffy Bogdanova

Integral reports $45.8 billion ADV in January

The broker’s ADV represents volumes traded across the group’s entire liquidity network, including TrueFX and Integral OCX, in aggregate. Integral’s global trading network provides services for FX market participants, including banks, brokers, asset managers, and hedge funds. Earlier in January, Integral announced extending its decade-long partnership with IS Investment, Turkey’s largest investment bank.

Read more
FXCM
February 03, 2021 BY Steffy Bogdanova

FXCM adds seven new baskets to Stock Baskets offering

FXCM’s Stock Basket products combine the shares of different companies from one sector into a one tradeable instrument. This allows customers to speculate on sectors as a whole rather than having to depend on the performance of a single company. For example, the ‘Work From Home’ basket includes the companies that have become front and…

Read more
FXSpotStream
February 02, 2021 BY Steffy Bogdanova

FXSpotStream posts its second highest ADV ever of $49.036 billion

Moreover, the company’s January 2021 ADV is 14.98% compared to the ADV for all of 2020 of &42.648billion. January overall volume reached $980.7 billion while for December it was $941.3 billion. December had 22 trading days, while January had 20. January’s ADV of $49.036billion is the company’s second highest ADV on record, behind March 2020’s…

Read more
CFH goes under the Finalto banner
February 01, 2021 BY Steffy Bogdanova

Prime brokerage CFH rebrands to Finalto

For example, the group offers, liquidity and STP processing from Tier 1 banks, ECNs and non-bank liquidity pools to give brokers the flexibility they need for their trading customers. It also has 360 tech trading solution for brokers that to help them manage every aspect of a trading platform and customer relationships. Finalto’s multi-asset trading…

Read more
January 29, 2021 BY Steffy Bogdanova

Robinhood poised to restart trading after GameStop backlash

Robinhood stated on Thrusday: We made a tough decision today to temporarily limit buying for certain securities. As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearing house deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. Robinhood…

Read more