Plus500, IG Group, GBE Brokers and Tradency are among the firms mentioned in this week's top stories.
This week some of the biggest stories in the online currency trading industry involved new offerings as well as positive financial results from brokers listed on the London Stock Exchange.[gptAdvertisement]
On Monday we reported that HollyFX is now ILQ Australia’s Corporate Authorised Representative. James O’Neill, Director at ILQ Australia, commented: “ILQ Australia welcomes our new partners in Holly FX. Holly FX enables clients from a Chinese speaking background, the ability to speak to experts in their own language while also gaining access to ILQ Australia’s state of the art technology.”
While HollyFX were in Sydney they met with the New South Wales Minister for Innovation and Better Regulation, the Hon. Matt Kean MP, in the Premier’s Boardroom. Mr Kean spoke about the importance of fintech and the financial services industry to the NSW economy and wished the partnership success into the future.
The first brokerage to launch the next generation of Mirror Trader is Japanese Central Tanshi FX. Tradency’s co-founder and President, Gil Eyal, shared: “CTFX is a natural choice for us to launch our global cutting-edge Mirror Trader campaign. Entering our fifth year of strategic cooperation, we see our long-term partnership strengthen and grow with new services to wider audiences.”
IG Group
On Wednesday IG Group reported that it is expecting a pick up in profits this year. The firm marked an increase in revenues when compared to a year ago for the fourth quarter that ended on May 31st 2017.
This came despite low volatility across the industry. Both measures of volatility that are key drivers to revenue from retail traders – the VIX (a measure of stocks volatility) and the CVIX (a measure of foreign exchange volatility) - hit multi-year lows.
GBE Prime
On Thursday we exclusively reported that GBE Brokers is launching a prime of prime offering. The new unit, GBE Prime, is going to exclusively focus on providing Liquidity to brokers and white label clients.
The newly appointed Head of GBE Prime, Ben Florian Henke, shared with Finance Magnates: “We have stepped into the institutional market in beginning of 2016. We are growing a lot in this business area and we are already servicing over 35 brokers with our liquidity.”
Plus500
On Friday Plus500 announced a share buyback program worth $10 million. The company will finance the purchases of its own stock via its net cash balances that as of the 31st of May stood at $191 million.
CEO of Plus500, Asaf Elimelech, stated: “We are pleased to announce the start of a share buyback program, which will be funded from our significant cash resources. Together with the substantial dividend Payments due to be paid in July, our cash generative business model is enabling us to provide good shareholder returns despite current regulatory uncertainties.”
This week some of the biggest stories in the online currency trading industry involved new offerings as well as positive financial results from brokers listed on the London Stock Exchange.[gptAdvertisement]
On Monday we reported that HollyFX is now ILQ Australia’s Corporate Authorised Representative. James O’Neill, Director at ILQ Australia, commented: “ILQ Australia welcomes our new partners in Holly FX. Holly FX enables clients from a Chinese speaking background, the ability to speak to experts in their own language while also gaining access to ILQ Australia’s state of the art technology.”
While HollyFX were in Sydney they met with the New South Wales Minister for Innovation and Better Regulation, the Hon. Matt Kean MP, in the Premier’s Boardroom. Mr Kean spoke about the importance of fintech and the financial services industry to the NSW economy and wished the partnership success into the future.
The first brokerage to launch the next generation of Mirror Trader is Japanese Central Tanshi FX. Tradency’s co-founder and President, Gil Eyal, shared: “CTFX is a natural choice for us to launch our global cutting-edge Mirror Trader campaign. Entering our fifth year of strategic cooperation, we see our long-term partnership strengthen and grow with new services to wider audiences.”
IG Group
On Wednesday IG Group reported that it is expecting a pick up in profits this year. The firm marked an increase in revenues when compared to a year ago for the fourth quarter that ended on May 31st 2017.
This came despite low volatility across the industry. Both measures of volatility that are key drivers to revenue from retail traders – the VIX (a measure of stocks volatility) and the CVIX (a measure of foreign exchange volatility) - hit multi-year lows.
GBE Prime
On Thursday we exclusively reported that GBE Brokers is launching a prime of prime offering. The new unit, GBE Prime, is going to exclusively focus on providing Liquidity to brokers and white label clients.
The newly appointed Head of GBE Prime, Ben Florian Henke, shared with Finance Magnates: “We have stepped into the institutional market in beginning of 2016. We are growing a lot in this business area and we are already servicing over 35 brokers with our liquidity.”
Plus500
On Friday Plus500 announced a share buyback program worth $10 million. The company will finance the purchases of its own stock via its net cash balances that as of the 31st of May stood at $191 million.
CEO of Plus500, Asaf Elimelech, stated: “We are pleased to announce the start of a share buyback program, which will be funded from our significant cash resources. Together with the substantial dividend Payments due to be paid in July, our cash generative business model is enabling us to provide good shareholder returns despite current regulatory uncertainties.”
Nomura's Q4 Income Soars 123% on Strong Revenue Growth
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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