Net income for the period came in at $101.9 million and at $123.7 million on adjusted basis. Both numbers marked a rise on yearly basis of 24.9% and 10.8%, respectively. In Q2 2023, adjusted EBITDA margin stood at 52.5% and adjusted EBITDA for the quarter was $163.1 million. In comparison, for the same period during…
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James Roddy, HNW Professional Client Sales at BidX Markets, said: We are delighted to be making the announcement that BidX Markets has now expanded its product offering to include Spread Betting for our Professional Clients - this move embodies our commitment to continue to deliver innovative and customer-centric solutions. What makes this product particularly appealing…
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These companies offer high-risk investment instruments, including contracts for differences (CFDs) of forex and other asset classes. Consob has the authority to block websites offering illegal financial services at an internet service provider level. The regulator stated: The black-out of these websites by Internet service providers operating on Italian territory is ongoing. For technical reasons,…
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The company operates forex and contracts for differences (CFDs) broker BDSwiss and holds a Cyprus Investment Firm (CIF) license granted by CySEC. The regulator detailed that in 2021, BDSwiss allowed offshore companies associated with it to promote its CIF status, enticing clients with investment services in CFDs without the requiring customers to pay an initial…
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Market Expects No Further Hikes in 2023 According to the CME’s FedWatch tool, market participants now overwhelmingly expect that the Fed’s hikes for 2023 are over. There is currently a 78% probability of a pause in September, a 65.7% probability of a pause in November, and a 61.4% probability of a pause in December. Interestingly,…
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Active clients XTB registered a record 167,000 new clients in H1, seeing a 65.5%YoY surge from the same period the previous year. The Warsaw Stock Exchange-listed company’s active clients also jumped to 274,450 by 44.4% However, XTB's CFD profitability per lot, representing the profit on a per-trade basis, experienced a 17.4% YoY decline, reaching PLN…
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Moreover, Virtu Financial disclosed that its adjusted net trading income saw a 22% drop, reaching $278.7 million during the last quarter, down from the $357.4 million recorded in the second quarter of 2022. Furthermore, the electronic market maker's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $122 million, which represents a 43%…
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With these financial results, ATFX UK expressed confidence in its strong balance sheet and its ability to achieve long-term strategic goals. The company pledged to continue direct marketing efforts in the European Economic Area and other authorized international territories. The company stated in the report that its primary focus will be on current high net…
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With the extended overnight trading hours of the American brokerage, it now operates between 8:00 pm ET to 3:50 am ET, Sunday through Friday. The overnight trading sessions commence on Sunday at 8:00 pm ET and conclude on Friday at 3:50 am ET. To process clients' trades during these hours, Interactive Brokers utilizes its own…
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Jurasek commented: This new relationship aligns our shared commitment to innovation and we look forward to building this partnership and introducing TMGM’s impressive online trading services to our fans. TMGM chief commercial officer Nick Yang also shared excited to bring the company’s trading expertise to the team’s fan base Yang said: Together, we will explore…
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