The electronic trading platform currently plans to launch another trench of up to £75 million during the financial year 2023. IG noted that it expects to complete the share buyback programme during the FY23. The company explained that its goal is to reduce share capital. June Felix, Chief Executive Officer, commented: Our new Capital Allocation…
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The American broker offering commission-free services noted that all eligible customers will now have access to options trading once reviewed. The company said: Options trading entails significant risk and is not appropriate for all customers, which is why all interested customers must apply for options access and have their account reviewed to determine if they…
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June Felix, Chief Executive Officer, commented: This year's record results show how we have achieved consistent, strong financial performance while we continue our journey to become a more diversified, innovative, global fintech. Our forward-looking strategy has positioned us well to capitalise on a significantly larger total addressable market and to take advantage of the ongoing…
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Between April and June, pre-tax income came in at $392 million, with the adjusted figure at $453 million. These numbers were down from the figures of the second quarter the previous year – $451 million and $437 million, respectively. Pre-tax profit margin fell to 60%, compared to Q2 2021 when it was 72%. The adjusted…
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European Shares Equity markets opened higher everywhere on Wednesday, from Japanese shares to US Futures, with tech stocks as the best performers. An optimistic wind is blowing on financial markets this week as investors welcomed the latest batch of earning reports in the US. The fact that companies are showing a certain resilience to the…
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The new additions to the team With more than 27 years of industry experience, David Whitcroft joins Monex Europe from fast growing fintech firm WorldRemit. During his time there, he developed its treasury and risk functions as Group Treasurer. His experience also includes serving as Group Treasurer for Doha Bank, Qatar and Al HIlal Bank,…
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Holst added: Adapting our offering to 24/7 FX trading has been relatively simple as we are already open all hours for crypto trading and are used to providing high levels of service at weekends. I think most of the demand for this will be from payment providers. If people are using credit cards at the…
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Theocharides added: It is particularly worrying that already low financial literacy levels are also declining and this has exacerbated the risk of young people not fully understanding the unique characteristics and risks that trading in these products can carry and many will get in over their head. CySEC further raised concerns over the growing endorsement…
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Peter Hetherington, Group CEO, said: Over the past couple of years, Capital.com has been on a spectacular growth trajectory. Today, our focus is on ensuring a greater and bolder presence across mature, regulated markets such as the UK and western Europe. This is in line with our goal to expand our global footprint in step…
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European Shares Stocks slid slightly lower in Europe on Tuesday, following the trend spotted overnight in Asia, while US futures were mixed. Investors are driving markets lower today, seizing the occasion given by lingering global and local worries to take some profit after a two-day rally. Traders are monitoring updates on the corporate front to…
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