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Saxo bags Best Boutique Prime Broker for the second year in a row
2.12.2022
Saxo ends November 2022 on a high note with an important award to its name at the HFM Asian Services Awards. The Fintech company has been awarded the title of “Best Boutique Prime Broker” in the 2022 edition of the award ceremony. This is the second year that Saxo has received the award...
FX volume declines for Saxo Bank in october 2022
2.12.2022
Saxo Bank has published its monthly figures, with an average daily volume of FX and commodities business at the center. The FX average daily volume witnessed a drop in October in comparison to September 2022. The figure stood at $6.1 billion, down by 9% from the value of $6.7 billion in September...
Interactive Brokers Group shares Electronic Brokerage Metrics
2.12.2022
Interactive Brokers Group recently shared its monthly performance metrics for electronic brokerage. The automated electronic broker had spoken about flat metrics in monthly turnover several weeks ago as well. The company was aiming to develop and integrate new policies, resulting in increased...
OANDA bags Singapore’s number-one broker position for client satisfaction
2.12.2022
OANDA, the leading multi-asset CFD trading service provider, again becomes the No. 1 broker in Singapore. According to the latest Investment Trends report, OANDA is the best forex broker in Singapore when it comes to client satisfaction. The service provider has earned the title two years in a...
Russian Billionaire and Crypto Businessman Dies in Helicopter Crash in France
1.12.2022
Russian financier and cryptocurrency entrepreneur Vyacheslav Taran has been killed in a helicopter crash on French territory. The accident marks the latest in a series of deaths of crypto executives and adds another name to a list of Russian billionaires who died this year under mysterious...
FP Markets adds foreign FX pairs to MT4 and MT5 trading platforms
1.12.2022
A forex trading broker, FP Markets, has launched new foreign currency pairs that are available across CFD and FX brokers’ platforms of MetaTrader 4 and MetaTrader 5. The new launch of FX pairs targets currencies from Latin America, Africa, and Asia sovereignty traded in defiance of the...
Zenfinex receives DFSA license
30.11.2022
Zenfinex is now officially licensed in the MENA region, short for the Middle East and North Africa. According to recent developments, the FX and CFD broker has received a DFSA license, allowing it to expand its services to new regions. Zenfinex is now able to move forward with its expansion plan...
INGOT receives regulatory approval from CMA in Kenya
25.11.2022
Only a handful of forex and CFD brokers feature in the Kenyan market. INGOT enters the list after receiving regulatory approval from the Capital Market Authority on November 1, 2022. The approval grants INGOT the right to function as a non-dealing broker for online foreign exchange services in...
DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market
23.11.2022
The prolonged market volatility has not stopped investors from backing a new protocol that merges DeFi and the foreign exchange market
VT Markets bags three Magazine Awards
23.11.2022
VT Markets has emerged as the winner of three Global Business Magazine Awards, adding more reputation to its name in the industry. VT Markets has been credited for its trading platforms and services, which have made customers believe that trading can indeed be seamlessly executed on a platform....
Overnight trading sessions for US ETF commence on Interactive Brokers
22.11.2022
Interactive Brokers has announced the commencement of overnight trading sessions, which will primarily help the Asian market interested in trading US ETFs. Overnight trading sessions will be held five days a week beginning this Sunday and finishing on Friday. Hours will begin on Sunday at 8 p.m....
CMC Markets’ Net Trading Revenue plunges up by 27%
16.11.2022
CMC Markets, a London-based brokerage group, released their six months interim financials between April and September, reflecting a 21% hike in its net operating income (NOI), generating £153.5 million. The estimation published is for the first half (H1) of its fiscal year, 2023. While CMC Market’s...
Vantage introduces institutional arm Vantage Connect for UK traders
15.11.2022
Vantage, a supplier of multi-asset trading platforms with headquarters in Sydney, has introduced a new product called Vantage Connect. This product is aimed at an institutional arm and will provide liquidity services for corporate and institutional clients in the United Kingdom. This official debut...
Schwab publishes monthly activity report for october 2022
15.11.2022
The Charles Schwab Corporation has published its Monthly Activity Report for October 2022. It has placed three factors at the center of the report. These three factors are net assets acquired, total client assets, and average interest-earning assets. The new assets brought in over the previous...
Trading volume stays above $2T for Exness
10.11.2022
Exness has disclosed its trading volume data for the month of October 2022. With a trading volume of more than $2.5 trillion, October marked the eighth consecutive month in which Exness reported a trading volume of more than $2 trillion. The figure represents a 142% year-over-year increase and...
Nigerian Currency Gains Versus US Dollar Days After Tapping All-Time Low
10.11.2022
Just a few days after plummeting to its worst exchange rate against the U.S. dollar ever, the Nigerian currency was trading at around 820 units for every dollar on Nov. 8, a report has said. An economist has suggested that the Central Bank of Nigeria’s controversial currency plan is unlikely...
Robust Q3 2022 data reflects XTB’s record high achievement
9.11.2022
XTB has published its financial report for the third quarter of 2022, sharing some impressive numbers. One such figure is the price of its shares which has inched closer to its all-time high value. Shares were last seen trading at PLN 28.80, only 2% away from their highest value since July...
VT Markets adds diversity with bond CFDs
7.11.2022
VT Markets announced that it had added 7 bond CFDs to its offerings. However, this gives traders a chance to gain exposure to more global markets and diversify their portfolios. The newly added bond CFDs are from the United States of America, the United Kingdom, and Europe. These include Euro-Bond...
CBN to unveil new naira notes to improve exchange rate and inflation
4.11.2022
The newly redesigned N200, N500, and N1000 notes are expected to enter circulation on December 15, 2022, according to the Central Bank of Nigeria (CBN). Recently, Governor Godwin Emefiele gave a special briefing at which he disclosed this. According to him, the redesign of the naira notes was made...
Saxo Bank’s avg. FX volume sees a monthly gradual fall
4.11.2022
The currency market plays hide & seek, especially in October 2022. Saxo Bank reported a lower figure with larger disappointment in its Commodities section. The month-over-Month figure for average FX volume is 9%, down to $6.1 billion for October 2022. On the other hand, September 2022 painted...