The Denmark-based brokerage firm Saxo Bank, recorded a rise in its foreign exchange trading volume in November, hitting $118.6 billion. This indicated a 5.4% surge when compared to October’s figures. Despite a 14% year-over-year drop in forex trading volume last month, the number was the highest in the preceding five months. The daily average forex …
Trade.com, a multinational brokerage, is currently under a management buyout as part of a broader rearrangement strategy led by CEO Roei Gavish. The shakeup includes introducing novel product lines and expanding them into new geographies, with a significant focus on Italy via its newly procured CONSOB license, Latin America (LATAM), and emerging markets. Trade.com’s Strategy …
Trade.com’s Management Buyout Kickstarts Restructuring Plan Read More »
ZA Bank, based in Hong Kong, recently revealed its intentions to offer US trading facilities after completing its testing phase. As per the bank’s strategy, its app will offer various US-listed investment tools like stocks, ETFs, and ADRs. License Limitations Lifted, New Services Announced The Securities and Futures Commission (SFC), Hong Kong’s regulatory body, recently …
In the final quarter of fiscal year 2023 (FY23), StoneX Group (Nasdaq: SNEX), the parent firm of Forex.com and City Index, experienced a 3 percent drop in its operational revenue from FX and CFDs deals, totaling $79.2 million. The financial year concludes on September 30. The year’s overall earnings from FX and CFDs were $261.9 …
StoneX’s Q4 FX and CFDs Earnings Dropped: ADV Dips 11% Read More »
In a strategic move, eToro is launching a three-year sponsorship deal with the Australian Football League. This move elevates eToro to the Official Trading and Investing Platform of the A-Leagues. Its latest collaboration involves the Australian Professional Leagues (APL), enveloping the Isuzu UTE A-League Men and the Liberty A-League Women. eToro’s logo will adorn the …
eToro Forges Association with APL for A-Leagues Backing Read More »
Q3 profits of CME Group saw a remarkable escalation, a result of traders utilizing the company’s products to shield themselves against market instability. Their reported earnings were a substantial $1.3 billion in revenue and $820 million in operating income. Net income for CME Group amounted to an impressive $807.8 million, which translates to $2.25 per …
Swiss broker Dukascopy, with an active online banking license, has broadened its cryptocurrency services portfolio by launching a lending option. The company recently revealed that its users could secure quick cash using their cryptocurrency assets as collateral. The volatile nature of cryptocurrencies, combined with the hopeful anticipation of price increases, has made crypto lending services …
Instant messaging platform WhatsApp rolled out a Protect Internet Protocol (IP) address beta feature for enhanced user privacy. Users of the app’s beta can now access the new toggle button named “Protect IP address in calls”. When toggled on, it adds an extra layer of security by encrypting your location and preventing call eavesdropping. The …
WhatsApp Tests Protect IP Address Option for Calls Read More »
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