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Tag: Forex news

Forex Trading News 0

FX Rates Beat Down Nasdaq’s Q1 Revenue

Nasdaq released its first quarter 2023 financial results on Wednesday, reporting $914 million in net revenues. The figure represents a 2% or increase of $22 million from the $892 million generated during the same period last year.However, the American exchange and global financial markets infrastructure provider’s initial performance were much better. Nasdaq said it initially generated an increase of 4% […]

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GCEX Grows 2022 Turnover by 136%, Remains Profitable

GCEX, a prime brokerage headed by Lars Holst, published the financials for the fiscal year ending on 31 December 2022, reporting a turnover of £4.5 million, an increase of 136 percent from the previous year’s £1.9 million. GCEX Is a Profitable Company Additionally, the company closed the year with a net profit of £1.5 million, marginally higher than the £1.42 […]

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Credit Suisse Loses CHF 1.3 Billion in Q1 2023, Resigns From Klein Takeover

Credit Suisse has announced its Q1 2023 financial results, highlighting a pre-tax income of CHF 12.8 billion ($14.1 billion) and a CET1 capital ratio of 20.3%. The quarter was marked by growing challenges, primarily stemming from the planned merger with UBS Group AG, which was revealed in March.Credit Suisse Sees Significant Asset OutflowsThe bank’s performance during the quarter was significantly […]

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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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“Flight to Futures” Pushes CME Group to Second-Highest Quarterly Revenue

The CME Group, a top derivatives marketplace, released its first quarter 2023 financial results on Wednesday, reporting $1.4 billion in revenue for the period. The amount is the Group’s second-highest quarterly revenue, according to Terry Duffy, the Chairman and Chief Executive Officer.CME’s Revenue Grows in Q1The revenue represents growth of 17% from the $1.2 billion the derivatives business generated during […]

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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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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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