Based in London, he will report directly to the company’s Chief Operations Officer, Zane Kotane. Parker has over 25 years of experience across market, credit, operational and liquidity risk, having held senior roles at BCS Global Markets, Sberbank CIB, Deutsche Bank, MF Global, and BGC Partners/Cantor Fitzgerald. He began his career as an options market…
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Profit before tax rose 12% to £68.8 million, while diluted earnings per share climbed 11% to 12.36 pence. The company told investors that it maintained a robust revenue margin of 32.4 basis points, though the profit margin dipped slightly to 44.9% due to increased investment in brand and product development. Customer numbers grew to 593,000,…
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Scarf announced the move in a LinkedIn post, stating, “I’m happy to share that I’m starting a new position as Chief Executive Officer at Plus500 Australia!” Though Plus500 has yet to formally confirm the appointment, reports state Scarf is expected to replace Sean Murphy, who led the Australian unit for the past 10 years. Scarf…
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The new products are being offered via eToro’s French subsidiary, eToro Patrimoine, and mark a step in the platform’s expansion into long-term savings. The announcement comes as shares of the stock brokerage platform surged in their Nasdaq debut on Wednesday, after it raised around $310 million in an initial public offering. The PER and life…
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The segment is said to grant retail brokers access to 138 of the most liquid Swiss-listed stocks, including blue-chip names such as Nestlé, Novartis, UBS and ABB. They added that all of the securities are priced in Swiss francs and available through Equiduct’s Apex platform. The expansion marks a milestone for the pan-European retail-focused exchange,…
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The shares are set to debut on the Nasdaq Global Select Market on 14 May under the ticker symbol "ETOR". The IPO is expected to raise approximately $620 million, valuing the stock and cryptocurrency trading platform at around $4.2 billion. Founded in 2007, eToro has established itself as a major player in retail investing, competing…
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The deal will see StoneX’s subsidiary, StoneX Financial Europe GmbH, take over the Paris-based firm. Plantureux et Associés, with nearly four decades of experience in agricultural commodities, is seen as a well-established intermediary in France’s cereal market. The firm operates across both physical and derivatives markets and is known for its deep industry expertise and…
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The company made the announcement in a fourth-quarter trading update, saying the updated forecast has been driven by elevated client trading activity in the fourth quarter. The trading platform cited higher-than-expected volatility across several asset classes, particularly in April, which boosted activity. Market consensus currently estimates FY25 revenue at £1.05 billion and adjusted pre-tax profit…
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The move strengthens CMC’s position in the digital asset space, with the FTSE 250-listed financial services provider also increasing its holdings of the STRX token from 10 million to 15 million. The expanded partnership is said to mark a new phase in the collaboration between the two companies. “This agreement represents a major step forward…
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The company explained that the partnership integrates Visa Direct, Visa’s real-time payments solution, into the Webull U.S. platform. This is said to enable instant transfers between Webull brokerage accounts and external bank accounts, an upgrade from traditional methods such as ACH transfers, which can take several days. "Webull has always been committed to improving access…
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