Saxo Bank Group announced lower profit of DKK 40 million net profit this year, but record number of new clients in its 2019 report.
Retail FX brokerage group Admiral Markets announced that it has expanded its Premium Analytics portal to include featured trading ideas from Trading Central. Traders can now use Admiral Markets’ Premium Analytics portal to stay up-to-date with market news, economic calendars, market sentiment and technical analysis all in a single portal.
Some of UK’s biggest banks have agreed on cutting dividend payments and instead keeping the money for rainy days brought by the coronavirus crisis. The Bank of England (BoE) embraced the decision to stop payments to shareholders and advised other banks to suspend bonuses to senior staff as well.
Tokyo Financial Exchange (TFX) released its trading volumes report for the month of March 2020. The total trading volume of FX Daily Futures contracts (Click 365) was 6,442,605 ( +163.1% MoM / +141.5% YoY ) and its average daily trading volume was 292,845.
Binance is at the finalizing stage of the talks about acquiring crypto data site CoinMarketCap. The global cryptocurrency exchange is looking to pay as much as 0 million for the cash-and-stock deal, potentially making one of the largest acquisitions in the crypto scene.
Jeffrey Siu, ATFX Group COO and Wei Qiang Zhang, ATFX (UK) Managing Director discussed with LeapRate key demands from traders, regulation and new rules, retail, 2020 expectations and more.
The World Federation of Exchanges (WFE) issued a statement warning against the banning of short-selling and claiming it would be damaging to markets. The Federation advises that the measures to ban short-selling are not achieving the desired effect and unlike other circuit breakers and other safeguards put in place to slow markets down, banning short-selling inhibits orderly markets rather than promote them.
Earlier in the week, Tickmill Group, forex and CFD trading provider, announced the appointment of financial services industry veteran with 20 years of experience, Mukid Chowdhury, as Group Chief Financial Officer.
Online trading leader, IG Group, launched its institutional offering this week. IG Prime will provide prime brokerage services for start-up and multi-prime hedge funds and Family Offices.
Group CEO of Global Kapital Group, Tunc Akyurt, discussed with LeapRate the company’s expansion plans for the future. Akyurt talked about the growing interest from financial players towards the retail industry.
