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Tag: Cryptocurrencies

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Nomura 2022 Net Income Falls 35% Amid Market Volatility, Geopolitical Risks

Nomura, the global financial services group, has announced its latest financial results for the fourth quarter and the full fiscal year ended March 2023, showing a decrease in net revenues in both reported periods. The yearly revenue fell 2% year-over-year (YoY) to JPY 1,335.6 billion ($10.1 billion), while quarterly results were 17% lower and came in at JPY 324.9 billion […]

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TP ICAP and Liquidnet to Increase Block Liquidity in European SMEs

Liquidnet, a technology-driven agency execution specialist, announced on Wednesday that it has partnered with a brokerage company, TP ICAP Midcap, which specializes in the European Small and Mid-Caps (SMEs) sector. Due to the newest partnership, both companies want to boost the block liquidity opportunities for local SMEs using their client network, broad expertise, and technology.TP ICAP Midcap and Liquidnet Join […]

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Deutsche Börse Acquires SimCorp for €3.9b, Reports 12% Jump in Q1 Profits

Deutsche Börse Group, the operator of the German stock exchange, published two important updates on Thursday concerning the results for the first quarter of 2023 and the acquisition of SimCorp, a provider of investment management solutions.In response to the latest reports, the company’s shares on the German stock exchange (XETR: DB) are losing nearly 7% and falling to EUR 170, […]

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Tradeweb’s Revenue Rises 5.7% as Q1 ADV Hits Record $1.4T

Tradeweb Markets’ revenue rose 5.7% to $329.2 million during the first quarter of 2023, which was pushed by increases in trading rates, credit, and money markets. The Nasdaq-listed electronic markets operator disclosed this on Thursday, noting that its equities market revenue declined by 1.3% quarter-over-quarter to $26.2 million.Tradeweb Reports First Quarter 2023 Financial Results. Click here to read the full […]

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Admirals Strengthens African Presence with New Offices in Nigeria

Admirals, an Estonia-based retail FX and CFDs broker, has expanded its presence in Africa with the opening of new offices in Lagos, Nigeria. The firm announced the development on Monday, noting that it decided to establish its physical presence in the West African country after it received “significant traction from traders in Nigeria.”Admirals Expands Presence in AfricaThe launch comes months […]

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Tastytrade, LiteFinance Launch New Features

Retail FX and CFDs brokers, Tastytrade and LiteFinance on Monday separately disclosed new updates about their brokerage business. While the former launched an application programming interface (API), the latter released a ‘new and improved’ version of its mobile trading application for iOS devices.Tastytrade Introduces ‘tastytrade-API’Tastytrade explained that the new interface tagged ‘tastytrade-API’ offers its users the ability to “build software […]

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Nigeria’s SEC Blacklists Six Online Trading Platforms

Nigeria’s securities regulator has flagged down six online trading platforms for operating in the country without authorization. The Securities and Exchange Commission (SEC) listed the platforms in a recent statement published on its website.According to the watchdog, the platforms are Prime Invest (https://webtrader.pinvest.cc/), FXBoxed (https://account.fxboxed.com/) and New Finance LLC and New FX Limited (https://www.newfx.us). The other three platforms are Axi24 […]

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Plus500 Continues ‘Strong Performance in FY 2023’

Plus500 (LON: PLUS), the Israeli trading platform, issued a trading update on Tuesday, highlighting that it ‘has continued to deliver a strong performance in FY 2023’.Plus500’s Update for Investors The update came ahead of the upcoming annual general meeting and pointed out that the key metrics of the group’s performance in Q1 2023 were better than the previous year. Plus500 […]

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Africa’s Copy Trading Boom: True Adoption or a Passing Phase?

Copy trading is a common investment practice, but new indicators show that in Africa, the method has become a phenomenal hit. Curiosity about copy trading among Africans is higher than in other developed nations, such as the United States, the United Kingdom and Australia, according to Google data on searches. Investigating the data, Finance Magnates found that some brokerages have […]

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News Nuggets | 2 May: Revolut in Brazil; WeChat’s Digital Yuan Expansion

Revolut Launches in Brazil The UK-headquartered fintech giant, Revolut has entered the Latin American markets by launching its service in Brazil. The company onboarded Glauber Mota from BTG Pactual to lead the rollout in Brazil. “Our mission is to unlock a borderless economy with financial products that are accessible and easy to use and that allow our customers to use […]

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