The company’s CEO, Lord Peter Cruddas, clarified recent reports about a write-off of the initial investment in StrikeX. Cruddas stressed that the write-off was merely an accounting decision and did not reflect a change in CMC Markets' belief in StrikeX's potential or their strategic partnership. CMC said the change does not reflect our belief in…
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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 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 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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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 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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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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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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