The market volatility brought about in the beginning of the year, remained high in the second quarter and fueled a high level of trading activity. The second quarter revenue reached $247.6 million from $94.1 million for the same period the previous year. The company also added over 88,000 new customers and reached a record 115,225.…
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With volume of both buying and selling having declined, this could be the beginning of the accumulation phase of a new uptrend. Confirmation could be sought from studying behaviour around near-term resistances, primarily the 50 and 100 SMAs not far above the current price. Two crucial events this week though will mean that fundamentals are…
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Vittal joins the company from JPMorgan Chase, where he served as Managing Director and Head of Treasury Services Franchise Client Management in charge of innovative client solutions leveraging data analytics and digital technologies. Prior to that Vittal was Managing Director at Goldman Sachs, holding several leadership positions in the Investment Management and Investment Banking divisions.…
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EUROPEAN SHARES All eurozone benchmarks opened significantly higher on Monday as the momentum on riskier assets remains strongly bullish momentum despite coronavirus cases continuing to rise over the weekend. As explained in previous reports, the recent positive macro data and potential development of a cure against the virus boosted market sentiment last week. However, the…
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FTSE 100 gives up gains to post a flat week On Friday, the FTSE 100 fell 1.3%, giving up all of the gains it had edged out over the course of the week; most of which came on Monday and Thursday. With US markets closed, trading volume on Friday for FTSE 100 shares was down…
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CMC Markets reported its operating income for Q1 2021 in excess of that reported for H1 2020 of £102.3 million. CMC Market said in a statement: The Board is confident that, even in the event that more normalised client trading activity returns, with the strong underlying performance of the business, 2021 net operating income will…
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Denis Alyanov, CEO of TraducationFX, commented: We’ve been offering market research articles for some time now and many of our customers, both brokerages and educational platforms, have asked us to start doing videos on technical analysis as well. Alyanov continued: Brokers find this service useful in retaining clients while for educational platforms, it’s much easier…
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Banking stocks help FTSE 100 higher London-listed shares were buoyed by positive employment figures in the US, as the UK’s biggest companies make a substantial portion of their revenues from the US. The FTSE 100 jumped 1.3%, although it is still down 17.3% year-to-date, lagging far behind the major US indices. Banking, travel and retail…
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Avi Sela, COO of eToro commented: As a global, multi-asset investment platform, we are committed to providing a reliable, fully compliant brokerage experience, protecting customer assets while offering full transparency and meeting the needs of global regulators. To accomplish this, we chose financial markets compliance innovator NICE Actimize to provide solutions which address the rapidly…
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EUROPEAN SHARES Share markets opened mostly flat in Europe for the end of the week as benchmarks consolidate gains registered during Thursday’s bullish session following the higher-than-anticipated US job report, while the US remains shut for holiday. The recent batch of solid macro data from different economic zones (US NFP, Chinese Industrial Production, EU PMIs)…
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