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Broker News

Australian Court Orders Liquidation of Prospero Markets

The Australian Federal Court has ordered Prospero Markets, a CFDs and forex broker, to cease operations. A liquidator will now manage the return of client funds by command of the Australian Securities and Investments Commission (ASIC).  On Thursday, the closure was enforced for reasons deemed “fair and proper.” BRI Ferrier’s Andrew Cummins, Jonathon Keenan, and …

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Broker News

Saxo Bank Bids Farewell to Economic Visionary 

Saxo Bank Bids Farewell to Economic Visionary  Steen Jakobsen, the force behind Saxo Bank’s research arm, Saxo Strats, is retiring from his positions as Chief Economist and Chief Investment Officer after over 20 years. Under his direction, Saxo Strats rose to prominence, offering vital market insights and analysis that benefited both clients and the financial …

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CMC Markets Surpasses Revenue Forecasts for FY24

Today, CMC Markets (LON: CMCX) announced it expected its net operating income for fiscal year 2024 to top its previous forecast of £290 million to £310 million. The broker, which offers online financial trading services such as foreign exchange and contracts for difference, attributed its strong performance to increased activity in global markets.   CMC …

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Broker News

Tiger Brokers and Grafa to Enhance Trading App 

Users of the Tiger Trade app now have access to real-time updates on their investments through a partnership with Australian fintech media firm Grafa. This collaboration with the NASDAQ-listed brokerage is designed to help retail investors make more informed choices by offering details on US and Australian equities, cryptocurrencies, economies, and forex markets. By incorporating …

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Broker News

IG Group Sees CFO and COO Depart, Q3 Revenue Stagnant

IG Group (LON: IGG) announced the departure of two executive leaders: Charlie Rozes, the Chief Financial Officer, and Jon Noble, the Chief Operating Officer. Rozes plans to exit his CFO and Executive Director roles “to explore new opportunities.” He’ll stay until 31 July 2024 for a smooth handover. Noble steps down as Executive Director now …

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Broker News

Shanti Pereira Teams Up With CMC Invest to Empower Women

On International Women’s Day eve, Shanti Pereira, a celebrated Team Singapore sprinter, teamed up with CMC Invest as their new ambassador. Her mission is to enlighten young women on the power of investing and financial wisdom from an early age. Champion Sprinter Promotes Fiscal Fitness “Investing, much like racing, is all about commitment, patience, and …

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Broker News

XTB Teams Up with BlackRock to Promote ETF Investing

XTB, a prominent financial services provider, has forged a strategic collaboration with BlackRock, the world’s largest asset management firm, to encourage retail investors to explore exchange-traded funds (ETFs). This partnership follows XTB’s recent introduction of passive investing instruments into its product lineup. By joining BlackRock, XTB seeks to instill a culture of saving and capital …

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