Exness reported that the high volumes for July were driven by the high market volatility due to the Covid-19 pandemic. Specific instruments such as gold were affected the most. The growing client base of the broker have also been a contributing factor. More than 135,000 traders have boosted the trading volumes of the company. The…
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Societe Generale went live earlier last mont on FXSpotStream’s price streaming Service as its 15th liquidity provider. FXSpotStream added Barclays back in February as the 14th liquidity providing bank to join. In July, Barclays’ liquidity became available to clients in production via the FXSpotStream Service. The existing liquidity providers on the service include Barclays, Societe…
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In the first half of the year, Admiral Markets also set a record growth of new customers with 260% increase since the previous year. Bogatenkov explained: Admiral Markets is today a financially secure company, offering its customers a successful partnership. Our focus is on aggressive clients’ growth. As a digitally developed company, one of the…
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Sam Goh, Founder and CEO, Samtrade FX commented: Since incorporation, ensuring trust and confidence in every trade has been central in everything that we do. These added layers of regulation – on top of the existing licences that Samtrade FX already holds, reinforces our commitment toward setting the highest possible standards in corporate governance, trading…
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Octavian Patrascu, Managing Partner of Key Way Markets Ltd, commented: Expansion into the GCC and wider MENA market is a strategic course of action for CAPEX.com, given the region’s attractive investment environment and populace of diverse, eager investors. The Emirate of Abu Dhabi, specifically, has shown great promise in enabling and developing a regulatory landscape…
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Glenn Stevens, CEO of GAIN Capital commented: A second quarter of high volatility, due in part to the ongoing economic concerns over the COVID-19 virus, allowed Gain to continue to benefit from high daily volumes, up 28% year on year, revenue capture of $150 plus improved operational leverage arising from a successful focus on cost…
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Outlook IG Group expects maintaining the momentum around the Core Markets and the portfolio of Significant Opportunities and to contain the progress it made in FY20. The targets remain the same: revenue growth in Core Markets of 3-5% over the medium term, and an incremental £100 million of revenue by the end of FY22 relating to the Significant…
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Retail FX brokerage group USGFX set up its UK subsidiary Union Standard International Group Limited in November 2019. The company had applied for and received an FCA license for USGFX UK, which became effective on November 5. In December 2019 ASIC announced that the Federal Court in Sydney issueed asset restraint orders against Corporate Authorised…
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The average daily volume OTC trading was $10.1 billion, registering a 18.8% MoM rise, compared to May when it was $8.5 billion. Futures contracts amounted to 599,991 in June, a 10.4% MoM growth compared to 543,683 last month. Jun-20 May-20 Jun-19 MoM change YoY change Retail Segment OTC Trading Volume $ 222.3 $ 179.3 $…
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Alex Yap, Senior Institutional at CFH stated: “East meets West” can give a whole new meaning to bullion trading. Spot gold in gram and Hong Kong tael quoted in US dollar and local currencies is another CFH product innovation. CFH’s new product offering targets clients trading gold denominated in different currency and unit including RMB…
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