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Institutional Crypto Needs Greater Trust. Prime Brokers Can Help

Bitcoin price may have recovered from the collapse of the FTX crisis, but its fallout continues to reverberate across the crypto industry. As participants seek ways to regain the institutional trust that the current crisis has created, and avoid the next one, one of the theories being advanced is the potential for prime brokers to develop and maintain credit relationships. […]

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News Nuggets | 4 May: FCA on Whistleblower; Equinix’s Q1 Results

HFM Hires Markets.com’s Yaqub Tale as Country Head in KenyaHFM, a retail forex and CFDs brokerage that recently rebranded from HotForex, has appointed Yaqub Tale as its Head of Country in Kenya. Tale until the appointment was a Regional Business Consultant for East Africa at online trading provider, Markets.com, for nearly two years.Tale, who brings about five years of trading […]

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Vantage Gains Regulatory License in South Africa

Vantage, previously known as Vantage Markets, has established its presence in Africa by obtaining a derivatives license from South Africa’s Financial Sector Conduct Authority (FSCA). New License for Vantage According to the press release shared with Finance Magnates, the new license will allow the forex and contracts for differences (CFDs) broker to offer its services in South Africa, onboarding local […]

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CFI Financial Sees Record Growth in Volume, New Accounts in Q1

CFI Financial saw “impressive growth across all key metrics” during the first quarter of 2023, the multi-asset broker said on Thursday in its financial metrics shared with Finance Magnates. The broker said it generated “record trading volumes, new accounts and active clients.”CFI Financial Grows Key MetricsAccording to the report, CFI Financial’s trading volumes jumped 57% during the first three months […]

Forex Trading News 0

BGC Partners Sees Marginal Increase in FX Revenue in Q1

BGC Partners, a major financial technology and brokerage firm, released its first quarter 2023 metrics on Wednesday, reporting a marginal increase in its consolidated revenue from forex trading. The revenue rose 0.2% to $80.2 million (or 1% in constant currency), compared to the first quarter of 2022. FX Generates Smallest Revenue GrowthThe revenue boost was the least among all asset […]