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Tag: Forex trading 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% […]

Forex Trading News 0

Virtu Financial Reports 22.6% Jump in Quarterly Revenue to $611 Million

Virtu Financial (NASDAQ: VIRT), an electronic market maker, has announced its financial results for the first quarter of 2023. The company reported a total revenue of $610.5 million, increasing by 22.6% compared to the previous three-month period. However, the year-over-year (YoY) metrics were 12.9% lower.Virtu Financial Reports Higher Revenue and Income in Q1 2023In the first quarter of 2023, Virtu […]

Forex Trading News 0

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 […]

Forex Trading News 0

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 […]

Forex Trading News 0

UBS’ Q1 Profit Dips 52% due to an Increased Legal Provision

The Swiss banking giant, UBS ended the first quarter of 2023 with a 52 percent annual drop in its profit, primarily due to a provision of $665 million for a US residential mortgage-backed securities litigation matter. The bank’s net profit came in at $1.03 billion, which is down from analysts’ expectations of $1.75 billion. A Drop in Revenue and Profit […]

Forex Trading News 0

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 […]

Forex Trading News 0

First Republic Bank Lost $100 Billion in 3 Months, Shares Drop 50%

The financial report of First Republic Bank (NYSE: FCR), one of the American financial institutions that sparked a global wave of concern about the financial system’s stability in March, has found itself in trouble again. According to the financial report for the first quarter of 2023 published this week, First Republic customers withdrew over $100 billion in deposits from their […]

Forex Trading News 0

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 […]

Forex Trading News 0

“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 […]

Forex Trading News 0

Tradeweb Wants to Buy Yieldbroker for AUD 125 Million

Tradeweb Markets (NASDAQ: TW), a publicly-listed operator of electronic marketplaces for money markets, announced on Thursday that it is in advanced talks to acquire Yieldbroker, an Australian government bond and interest rate derivatives trading platform. Tradeweb anticipates that the transaction could be finalized for AUD 125 million.Tradeweb Wants to Buy YieldbrokerAccording to Tradeweb, the acquisition would combine the two firms’ […]

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