Crypto Gator | The Best Cryptocurrency, Blockchain and Forex News Aggregator
The Best Cryptocurrency, Blockchain and Forex News Aggregator
Trading activities in spot foreign exchange among institutional investors weakened last month across regions, data from Cboe FX, Deutsche Börse’s 360T, FXSpotStream and Click 365, shows. The decline comes after major trading venues reported stronger output earlier in March. In January, the institutional spot FX demand recovered from the holiday lows in December only to retreat in February. By March, […]
UK Regulator Raises Alarm on Clone of LCGOn Wednesday, the Financial Conduct Authority (FCA) warned investors against a clone of London Capital Group (LCG), an authorized spread betting and CFD trading provider. The British watchdog said the clone has been contacting British citizens, pretending to have requisite permission. According to the FCA, the scam platform operates the websites: www.cintra.group/, www.londoncapitalgroup.pro […]
Saxo Bank released its trading metrics for April on Wednesday, reporting its lowest monthly forex volume since December 2021 when it posted $95.7 billion. The total forex volume of the Copenhagen-based retail FX and CFDs brokerage slumped 34%to $102.8 billion, which is down from $155.6 billion in March 2023. In addition, the average daily volume of forex traded on the […]
Spot foreign exchange on the Moscow Exchange (MOEX), Russia’s largest exchange group, declined 10% month-over-month (MoM) in April to RUB 7.6 trillion ($96 billion). This tallies with drops in spot FX volumes across major trading venues in other regions. However, compared year-over-year, the exchange’s spot FX trading grew 8.1%, with swaps and forwards volumes reaching RUB 14.3 trillion ($180.5 billion). […]
Compagnie Financière Tradition (CFT), a Swiss interdealer broker and operator of a Japanese retail broking giant, released its financials for the first quarter of 2023, reporting a consolidated revenue of CHF 271.6 million. It jumped 9.6 percent from the previous year’s CHF 247.7 million. At a constant exchange rate, the year-over-year increase touched 14.3 percent. CFT Had a Strong Start […]
StoneX Group (Nasdaq: SNEX), which owns Forex.com and City Index brands, ended the three months between January and March with a decline of 38 percent in revenue from its forex and contracts for difference (CFDs) units. Strong Pullback in FX/CFDs Demand According to the recently filed Form 10-Q with the Securities and Exchange Commission (SEC), StoneX generated $61.8 million in […]
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. […]
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 […]
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 […]
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 […]