The company revealed that revenue surged by 16% to over £64 million, driven by growth in both its corporate and institutional divisions. In H1, 2023, the company reported revenue of £55 million. Despite the macroeconomic headwinds, Alpha Group's underlying profit before tax also increased, rising 14% to £22.3 million compared to £19.6 million the previous…
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The cancellation follows an ASIC investigation that uncovered "serious concerns" about FXOpen AU's ability to properly oversee its financial services and meet its licensing requirements. ASIC explains that the investigation identified shortcomings in FXOpen AU's human resources, specifically its lack of qualified personnel to deliver financial services and maintain adequate supervisory arrangements. In addition, ASIC…
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As part of the collaboration, Leonteq explained that Saxo will adopt a white-labelling issuance model developed by Leonteq, becoming a sponsor responsible for distributing Saxo-guaranteed structured products to its extensive client base via its platforms for investors and traders. Leonteq, in turn, has secured an international distribution mandate from Saxo, granting it access to Saxo's…
Read moreThe collaboration with PriceSquawk, an audible trading tool, aims to enhance the trading experience for retail traders by delivering CME Group and Nasdaq Level 1 data through an "innovative audio tool." PriceSquawk is well-known for its ability to convert market data into audible trade sounds, enabling traders to listen to price action, buying and selling…
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As part of the new partnership, brokers and traders utilising the DXtrade CFD platform will gain access to advanced copy trading capabilities. Traders Connect is known for its cross-platform trade copying, high-speed execution, and advanced analytics. Its cloud-based functionality eliminates the need for software installation, allowing for trade copying across multiple platforms. Additionally, Traders Connect…
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The CFTC said it found that Nasdaq Futures, Inc. operated a "Designated Market Maker" (DMM) program that included a volume-based component that was not disclosed to the CFTC or the public. They explain that the component provided additional payments to select DMM program participants based on the total volume of contracts they traded. The CFTC…
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Engels, who joined Danske Bank in April 2020, will resign from his position on March 1, 2025. In his statement, Engels expressed gratitude for the opportunity to have been part of Danske Bank and expressed confidence in the organisation's future. "I am confident that when the time comes next year, I will be able to…
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This approval allows OKX to offer digital payment token and cross-border money transfer services to customers in the country. This includes spot trading of cryptocurrencies for customers in Singapore. OKX has appointed Gracie Lin as CEO to spearhead its operations in Singapore. Lin brings a wealth of experience in the financial, public, and technology sectors, having…
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The most important economic data for this week are: Thursday: Australian Balance of trade at 12:30 AM GMT where the expectations are for an increase reaching A$7.5 Billion in trade surplus. This might not have a significant effect on the Aussie Dollar since the data are for the month of November and might already have…
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The Financial Intelligence Unit India (FIU IND) said it has written to the Ministry of Electronics and Information Technology in the country to block the URLs of the nine entities it states are "operating illegally without complying with the provisions of PML Act in India." The cryptocurrency exchanges on the notices are Binance, Kraken, Bitfinex,…
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