The financial services firm reported a pre-tax profit of £49.6 million, a stark contrast to the £2 million loss recorded in the same period last year. The company said this was due to the combination of robust net operating income and disciplined cost management. Net operating income surged 45% to £177.4 million, which the company…
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The fintech firm said the advancements are designed to revolutionise global trading operations for structured products, letting financial institutions quote hundreds of thousands of products across multiple markets and distribution channels simultaneously. "This transformative development marks a significant leap forward in simplifying and optimizing trading for structured products," commented Konstantin Romanov, Global Head of Principal…
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The company announced its launch in New York on Tuesday, making its services available to eligible investors in all 50 states. This development was confirmed by a tweet from the New York Stock Exchange (NYSE) on Wednesday, highlighting the importance of eToro's entry into the state. “Major news from @eToro — the world’s largest social…
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The global financial services network reported on Tuesday that in the fourth quarter, it saw a strong performance across its operating segments and products, despite relatively low market volatility. The company's fourth-quarter net income surged 51% to $76.7 million, with diluted earnings per share (EPS) of $2.32 and a return on equity of 18.5%. Quarterly…
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The accounts offer favourable tax exemptions, making them an attractive savings vehicle for eligible French individuals. Interactive Brokers explained in its press release that PEA accounts through Interactive Brokers enable French tax-resident clients to build portfolios while benefiting from a preferential tax structure and low costs. The broker's clients can choose from various French and…
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Online brokerage Robinhood Markets revealed Tuesday that it has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors (RIAs). The deal, valued at approximately $300 million, is expected to close in the first half of 2025. TradePMR, with over 25 years of experience and $40 billion in…
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ATFX’s selection of Zodia Custody is driven by its strong investor backing, signifying the custodian’s commitment to providing secure and reliable digital asset custody solutions. Benefits of the Partnership By integrating Zodia Custody’s institutional-grade custody solution, ATFX will significantly improve its digital client asset protection and operational efficiency. Key benefits of this partnership include: Enhanced…
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Collinson’s decision to step down due to personal reasons comes as Aquis is set to be acquired by SIX Exchange Group AG. The company said Collinson believes this is an opportune moment for him to hand over the reins to Deirdre Somers, who has been appointed as the new Non-Executive Chair. Somers has a wealth…
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The partnership allows mutual clients to trade with OANDA directly from TradingView charts. OANDA said the “milestone completes OANDA's global integration with TradingView, the world's largest charting platform and trading social network for traders and investors.” The broker’s clients across a range of markets, including Taiwan, Thailand, Hong Kong, Malaysia, and more, can now access…
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The new license enables Revolut to offer trading services on UK and EU-listed stocks and ETFs to its millions of customers. The move comes after Revolut has already made strides in the investment space, offering US stock trading since 2019. With the new license, the company aims to further diversify its product range and cater…
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