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Jul 27, 2023 | 
leaprate.com | Steffy Bogdanova
The Italian financial markets regulator Consob announced today that it has blocked three new websites for offering financial services illegally. With the latest addition, the number of illegal platforms the financial market watchdog is blocking comes to 930. The latest websites offering financial services to be blocked are VirtuFinance, JFD Market, Orionda Financials Ltd and TradeCare365 Markets Ltd, and related pages.
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Jul 27, 2023 | 
leaprate.com | Steffy Bogdanova
The global operator of electronic marketplaces, Tradeweb Markets Inc., has released its financial trading metrics for the second quarter of 2023, which ended on 30 June. The NASDAQ-listed company’s quarterly revenues increased 4.5% to $310.6 million compared to the second quarter of the previous year. According to the official press release, the second quarter’s ADV were up 10.2% YoY to $1.3 trillion.
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Jul 27, 2023 | 
leaprate.com | Steffy Bogdanova
The regulated provider of multi-asset liquidity and trading technology, BidX Markets, has introduced a Spread Betting Platform tailored for experienced traders in the UK. The platform, accessible via web, App, and MT4, offers a wide selection of markets such as FX, Bullion, Indices, and Shares, all exclusively designed for Spread Betting.
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Jul 27, 2023 | 
leaprate.com | Steffy Bogdanova
Multi-asset broker Exness has introduced Exness Team Pro, a new initiative aimed at strengthening its presence in both local and global trading communities. This program will capitalize on the influence of a team of international trading professionals.
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Jul 27, 2023 | 
leaprate.com | Steffy Bogdanova
Cyprus Securities and Exchange Commission today announced that it has imposed a €100,000 monetary penalty on BDSwiss Holding Ltd. The Cypriot watchdog specified that the fine was imposed for non-compliance with mandatory requirements of initial margin and risk warning in 2021.
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Jul 26, 2023 | 
leaprate.com | Steffy Bogdanova
Market Expects No Further Hikes in 2023According to the CME’s FedWatch tool, market participants now overwhelmingly expect that the Fed’s hikes for 2023 are over. There is currently a 78% probability of a pause in September, a 65.7% probability of a pause in November, and a 61.4% probability of a pause in December. Interestingly, participants are also currently predicting a 6.7% chance of a 0.25% cut in December, a 27.2% chance of a 0.25% hike, and a 2.8% chance of a 0.5% hike.
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Jul 26, 2023 | 
leaprate.com | Steffy Bogdanova
Polish CFDs and retail FX broker XTB released its preliminary financial results for the first half of 2023. According to the official numbers, the company’s revenue for the first six months of the year saw a decrease on yearly basis. In the first half of 2023, XTB’s operating income was PLN 818.9 million. The company registered 2.1%YoY fall compared to H1 2022. Net profit for the period stood at PLN 421.0 million, registering a 12.2%YoY drop compared to the same period the previous year.
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Jul 26, 2023 | 
leaprate.com | Steffy Bogdanova
Financial services and products provider Virtu Financial, Inc. has released its financial results for the second quarter of the year, revealing lower revenue and net trading income. According company’s financial statement, the total revenue during the quarter was $506.9 million, registering a 17% QoQ and 16.2% YoY drops. The New York-based broker-dealer reported a net trading income of $306.2 million for the period. The number fell 26% from the previous quarter’s $411.5 million.
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Jul 26, 2023 | 
leaprate.com | Steffy Bogdanova
AFTX UK, part of the global brokerage group AFTX Group experienced a significant surge in profit for the fiscal year ending in October 2022. The profit soared by 273% to £838,189, a substantial increase from the prior year’s £224,558. The financial statement of the London-based subsidiary of global brokerage group filed with the UK Companies House revealed a 7.6% year-over-year revenue growth for the subsidiary, rising from £2.9 million to £3.2 million.
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Jul 25, 2023 | 
leaprate.com | Steffy Bogdanova
Electronic trading platform Interactive Brokers has expanded its overnight trading services to encompass a selection of 10,000 stocks and exchange-traded funds (ETFs) listed in the United States. This expansion enables clients to trade a wider range of US equities nearly 24 hours a day, five days a week.
