Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com, reported a 77.7 million PLN consolidated net profit in 2016 (to 119.0 million PLN year earlier). XTB net profit in the fourth quarter rose turn YoY by 206% to 50.4 million PLN. The fourth quarter was the very best for the Group throughout…
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Copenhagen based multi asset brokerage Saxo Bank has issued its financial results for 2016, indicating a return to profitability and healthy overall growth in the business. Comparing Saxo Bank's results to 2015 should be taken with a grain of salt, however. The firm's 2015 results were hurt on both the top and bottom lines quite…
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While the rest of the equity market was soaring in the wake of the Fed's Wednesday rate hike, shares of Global Brokerage Inc (NASDAQ:GLBR) - recently renamed from FXCM Inc - dropped another 15% to close at $1.75 per share, its lowest closing price ever. Global Brokerage Inc owns 50.1% of the operating company FXCM Group…
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IKC Capital just announced that has launched a new online brokerage service on the 1st of March named IKC Access where customers can aggregate their savings online. Using Bricknode Broker IKC can offer investing directly with the fund companies and through the integrated services that exists in Bricknode Marketplace. For Bricknode this setup means that the…
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Forex broker Admiral Markets announced today the addition of a new instrument, Snap Inc. (Snapchat) single share CFD (#SNAP). Newly listed, prominent companies will always have lots of attention and lots of trading volume. Admiral Markets plans to offer many more single share CFDs this year, saying. "we believe that the demand for single shares…
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LeapRate Exclusive... LeapRate has learned that CySEC regulated retail forex broker Vipro Markets has hired Philippos Psyllos as its new CTO. Philippos Psyllos joins Vipro from JFD Brokers, also based in Cyprus and licensed by CySEC, where he was co-head of technology for the past two years. Mr. Psyllos was previously head of IT support at…
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It looks like someone is making a big bet on Playtech. Online entrepreneur Teddy Sagi has indicated in filings with the London Stock Exchange that he has sold 13 million shares of publicly traded Playtech PLC (LON:PTEC) to the UK arm of Paris based asset manager Boussard & Gavaudan for £113.4 million (USD $138 million). The stake represents about…
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Retail Forex broker FXCM has announced its volume results for February, the last month for which FXCM had both US and non-US volumes to report. FXCM sold its US client base to rival Gain Capital Holdings Inc (NYSE:GCAP) and its Forex.com retail FX unit at the end of February, after the company and CEO Drew Niv…
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Retail Forex broker Saxo Bank has changed the way it reports its monthly trading volumes, dividing out figures between four major asset classes - Commodities, Equities, Fixed Income, and of course FX. The Copenhagen-based broker has been actively promoting to both retail and institutional clients the multi-asset nature of its offering, and this latest added…
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Behavioral profiling based trading tool provider PsyQuation just announced that starts to offer the functionality of its robo trading coach to GO Markets clients via the brokers client portal. CEO of PsyQuation Michael Berman commented: GO Markets were focused on simplifying the sign-up process, allowing their clients to opt-in to Psyquation through their new online portal.…
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