FX brokerage group GAIN Capital Holdings, Inc. (NYSE: GCAP), which operates the FOREX.com and City Index retail forex brands, has announced its financial results for the month of July 2019. OTC Trading Volume was $135.8b last month - a slight drop with 1.4% from June's $137.7b, but a significant plunge with 25.5% YoY. OTC Average Daily Volume dropped with 14.5%…
Read more
TP ICAP plc has just released its results for the first half ended 30 June 2019. LeapRate reminds that revenue in the first three months to March 2019 of £469m was 1% higher YoY on a reported basis and 2% lower at constant exchange rates. Financial highlights include: Underlying: Revenue of £922m (H1 2018: £910m) Operating profit £158m…
Read more
Leading online Swiss bank Swissquote Group Holding SA (SWX:SQN) reported net revenues of CHF 112.2 million for the first half of 2019, equaling the high figure posted in the same period of the previous year. Pre-tax profit of CHF 25.1 million was lower YoY. On the strength of a net new money inflow of CHF…
Read more
Fintech company Integral just released its volumes report for the month of July 2019. Average daily volumes (ADV) across Integral platforms totaled $34.1 billion in last month, volume's down 6.3% compared to June 2019. LeapRate reminds that in 2018 Integral invested in Mint Exchange, a cryptocurrency clearinghouse designed for institutions. Mint Exchange is built on the…
Read more
UK FCA regulated global provider of FX and CFD brokerage services Tickmill ended 2018 by posting significant growth as evidenced by remarkable increases in all financial metrics. Highlights include: Consolidated net profit - $19.67 million, up 33% YoY ($14.81 million in 2017); Net trading revenue came in at $45.13 million, a 16% YoY increase; Yearly…
Read more
Deutsche Börse AG has released its first quarter results for 2019. Highlights include: Net revenue of €720.8 million, up 4% YoY (Q1/2018: €691.6 million). Deutsche Börse achieved approximately 5% growth of the secular net revenue, in line with its guidance. Adjusted operating costs of €248.6 million Operating costs were adjusted for non-recurring effects totalling approximately…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for April 24, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Nasdaq Tests BTC Trading: A leaked demo of bitcoin trading on TD Ameritrade’s platform suggests that mainstream…
Read moreDukascopy Bank has just reported its highest ever total income and also voiced its intentions for further acquisitions in the FX space.
Read moreA very steady overall performance in the first half of 2015 for Tradition, however the Japanese non-interdealer broker FX business has returned to form with a 64.5% increase. Buoyancy was driven by Q1 this year, as Q2 revenues were 12.3% down
Read moreFollowing a dismal first quarter, Interactive Brokers managed to record a pre-tax profit of $240 million in the second quarter, on the back of solid performance at its market making and electronic brokerage segments.
Read more