Ramy Soliman, Chief Strategy Officer, commented: I’m pleased to announce to launch of our Agency FX service, and I believe that the offering we have put together is well-positioned to go above and beyond in meeting the sophisticated requirements of institutional clients, such as smaller hedge funds or tier 2-3 banks, seeking consolidated access to…
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Coghlan, continued: The desire for ETFs is growing year on year and that trend is showing no signs of slowing down. This is a very understandable trend for the retail trader. This is because ETFs allow for simple, low-cost access across multiple markets. They can be sector-based like health care- or tech-related. They can be…
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Demetrios Zamboglou, Chief Operations Officer for the group commented: It’s a highly dynamic environment and with volatility remaining elevated across the markets, expanding our current range of products is a given to help our clients in finding new opportunities, hedging in-market exposure and helping them diversify when the need arises. Initially, 100 ETF’s will be…
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Plus500 has been repurchasing shares as part of its buyback program from 11 August 2020. The broker recently held an annual general meeting (AGM) where it was decided to add Anne Grim to the Plus500 Board as a Non-Executive director. Plus500 also issued a trading update ahead of the AGM reporting continued good performance for…
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Merck’s sales for last year rose 11% to $46.82 billion accomplishing the best annual revenue for the company since 2010. For the fourth quarter of 2020, experts forecast sales to growth of 2.05% to $47.8 billion. Income is expected to increase 9.6% to $5.69 a share. The company has received FDA approval for 63 new…
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Other highlights of the Group’s report include: Q1 FY21 revenue in the Core Markets reached £170.8 million, up by 56% on the prior year (Q1 FY20: £109.4 million). Performance of the Retail client base in UK and Europe was strong, with growth delivered in both revenue per client and number of active clients. Q1 FY21…
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Adjusted EBITDA for TradeTech was €52.8 million, registering a 544% increase (H1 2019: €8.2 million) Playtech continues assessing its option for TradeTech. The company announced in August it was in in early stage discussions regarding a potential sale of the financial unit. The company shared that for next half of the year TradeTech’s exceptional performance…
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Dylan Holman, Global Sponsorship, Senior Manager at eToro commented: As a leading investment platform with over fourteen million users, we believe sponsorships are a powerful tool that help build and reinforce eToro as a world class brand. We will be working with clubs to make the financial markets more accessible than ever, using our partnerships…
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However, “Resolution 17” for a bonus for the Group’s CFO Elad Even-Chen was withdrawn. Even-Chen was considered for a significant cash payment reward for ensuring "a significantly reduced Corporation Tax liability" and saving the company more than $100 million. The bonus proposal faced opposition from some of shareholders and Institutional Shareholder Services had recommended that the…
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All of these factors have contributed to the platform usage remaining at elevated levels and customer deposits remaining robust. The trading platform is well positioned to deliver sustainable future growth due to its proprietary technology, its flexible and scalable business model, its strong financial position and a track record of delivery against key performance metrics.…
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