Category: Forex

CMC markets
November 21, 2024 BY Sam Boughedda

CMC Markets Posts Pre-Tax Profit, Jump in Net Operating Income

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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November 21, 2024 BY Sam Boughedda

eToro Obtains New York License, Announces Launch

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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Interactive Brokers
November 20, 2024 BY Sam Boughedda

Interactive Brokers Launches PEA Accounts in France

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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November 20, 2024 BY Sam Boughedda

Robinhood To Acquire TradePMR in $300 Million Deal

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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November 19, 2024 BY Sam Boughedda

Aquis Exchange Chair Glenn Collinson Steps Down

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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November 19, 2024 BY Sam Boughedda

Oanda and TradingView Extend Partnership

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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Acuity Trading
November 18, 2024 BY Sam Boughedda

Acuity Trading and OneRoyal Announce Strategic Partnership

The company said the collaboration aims to enhance OneRoyal's client experience by providing access to Acuity Trading's advanced market analysis tools. OneRoyal traders will now benefit from access to Acuity’s trading tools like AnalysisIQ, NewsIQ, Economic Calendar, Web Sentiment, and Dynamic Emails.  The tools are said to provide real-time insights into market sentiment, price movements,…

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ATFX
November 18, 2024 BY Sam Boughedda

ATFX Connect Strengthens Centroid Solutions Collaboration to Enhance Market Liquidity

The company explained that the strengthened collaboration aims to enhance market connectivity and liquidity for its clients of all sizes. They state that by integrating Centroid's bridge technology, brokers can directly connect to top-tier liquidity providers, resulting in faster execution speeds and reduced latency.  The partnership is said to offer several key benefits to brokers,…

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Doo Financial
November 18, 2024 BY Sam Boughedda

Doo Financial Gains New CySEC Licence

The company explained in a press release that the move strengthens its global regulatory footprint and commitment to providing secure and regulated trading environments for its clients. The CySEC licence adds to Doo Group's existing regulatory approvals from the UK, Australia, Hong Kong and Malaysia. The expansion into the European Union, under the supervision of…

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Crypto.com
November 14, 2024 BY Sam Boughedda

Crypto.com Acquires Australian Regulated Broker Fintek

The acquisition grants Crypto.com an Australian Financial Services Licence (AFSL), allowing it to offer a wider range of financial products to eligible users within the country. Fintek's AFSL, regulated by the Australian Securities and Investments Commission (ASIC), opens doors for Crypto.com to expand its offerings beyond cryptocurrencies. The company said it can now provide access…

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