The net interest income also fell 8% to $282 million, due to a drop in securities lending activity but was offset by gains on margin lending and segregated cash balances. However, the other income decreased by $159 million to a loss of $39 million. Pre-tax profit margin came in at 61%, compared to Q1 2021…
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Cristian Vlasceanu, CEO, Centroid Solutions said: Adding GCEX as one of our Liquidity Provider partners for both FX and crypto currencies benefits our clients. In our experience, it is rare to find a single LP with such a strong, broad and cost-efficient value proposition. Our clients are increasingly looking at adding cryptos as an additional…
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With 18 years industry experience, Shih has previously held senior sales and strategy positions at HSBC, UBS, JPMorgan Chase and other financial institutions in the US, as well as in Hong Kong. Shih served as Head of Sales and Marketing at Hong Kong-based fintech startup AQUMON for the past three years. There he grew the…
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Daily trading volumes also continued to increase steadily in Q1. The highest daily volume was registered on 8th March when more than 23,000 trades were placed amid heightened market activity linked to Russia’s war in Ukraine. Spectrum Markets reported record growth last year with nearly doubled its trading volume. The company’s turnover reached €1.35 billion…
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Before co-founding Finvasia, Virk has worked with some of the largest investment banks and hedge funds on Wall Street and has managed multibillion-dollar funds for major US banks. At ZuluTrade, he will work closely with the team to deliver on the business expansion goals. Tajinder Virk commented: We see ZuluTrade as the largest Social Wealth…
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However, the rand has remained strong in the last few weeks as the South African Reserve Bank also appears to be in a cycle of tightening. On the whole, the outlook for South Africa’s economy seems to be stronger now than it was at the start of 2022: prices of important commodities, key to South…
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Sudhanshu Agarwal, Executive Director of Tickmill Ltd, said: We are very excited to introduce this exquisite list of CFD Stocks to our clients. Tickmill’s product offering, super competitive trading conditions, top-notch technology and the reliable regulated trading environment offers traders an all-in-one package and an unparalleled trading experience. This is another milestone achieved in Q1…
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Alfonso Cardalda commented: I am extremely pleased to be joining a market-leading broker like Exness, not only because of its incredible trajectory of growth, but also because of its ethical approach to doing business. I look forward to discovering what we can achieve together and to being part of the brand’s further development and success.…
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Oil WTI crude oil prices hedged down during early Thursday trading, following the release of US stocks, which read above expectations. The market was less active than usual, due to the long weekend in Europe, America and most of Asia, with the reduction in the number of active buyers also contributing to the easing in…
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The newly released HYCM Trader app offers a wide range of instruments to trade including forex, commodities, metals, stocks, indices, and cryptocurrencies (depending on jurisdiction). Users on the app can make selections from categories like Popular, Large Cap, and Big Tech to find their desired instruments, and save them to their Watchlist for faster access.…
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