Singapore as a trading hub The platform’s launch in Signapore is a strategic move for the company, as well as the Singapore regulator. MAS has already revealed its plans to strengthen Singapore as a major trading and corporate treasury hub. Breteau added: Singapore is the third largest FX trading centre globally and the largest in…
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Gold Gold prices rose during early Thursday trading, benefiting from the weakening of the dollar, due to the inverted correlation between the two assets. The greenback lost ground to other major currencies after Wednesday’s rate hike and Fed’s hinting at several more increases until the end of the year, as the move had already been…
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Swissquote also published its guidance for 2022 and medium-term for 2025. The company noted that during the two first months of 2022, it experienced strong customer growth. It’s expectation for net revenues in 200 is to reach CHF 475 million. The company also expects net revenues and pre-tax profit to be CHF 750 million and…
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Glenn Stevens, CEO of the retail business of StoneX Group Inc., commented: Our mission at StoneX is to open markets, and this expansion of our FOREX.com offering in the Canadian market is an important part of providing comprehensive access to the retail investor. We also give retail investors the ability to trade the way they…
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Basic earnings per share stood at 57.7p, up 82% compared to the previous year. The Group decided to pay a dividend of 8 pence per share to its shareholders, which makes the total dividend distribution for the financial year 11 pence. Alpha FX also reported that the number of clients rose 27% from 754 to…
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IG Group’s CEO, June Felix, commented: I'm delighted to be reporting another quarter of outstanding performance driven by a record number of clients trading in the period. All-time high number of clients IG Group also reported a record number of active clients. During the third quarter, the numbers reached 292,200, compared to the same period…
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European Shares European shares jumped at market open on Wednesday, alongside Asian equities, and US Futures contracts, amid improving global market sentiment. The “risk-on” trading stance is back on track everywhere, and market panic is clearly fading as investors digest the latest positive macro developments brought by both China and Russia/Ukraine diplomatic talks. The strong…
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Shamtanis's role at BDSwiss The BDSwiss highlighted that Shamtanis’s role will be pivotal in elevating the brand’s global presence and expansion plans. Nicolas Shamtanis commented: I am delighted to take on the role of CEO at such an exciting but also challenging time, as BDSwiss enters a new phase of growth, with plans to extend…
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A return to strength looks unlikely as of now based on TA. Although yesterday’s test of the 23.6% weekly Fibonacci retracement area has been rejected for now, selling volume has been high since last week and the downward reaction on 9 March from the area of the all-time high has been very strong. With ATR…
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The technology provider also offers comprehensive trade analytics and independent transaction cost analysis (TCA) solutions and back-testing and simulation services. Its engineering team can work together with clients to develop bespoke algorithmic strategies or fully automated solutions specifically designed for their trading objectives. Joe Signorelli, RCM-X CEO, said: We’re extremely proud of what we’ve built…
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