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Institutional FX

Zenfinex (Now Taurex) Achieves 66% Revenue Growth in 2022, Despite Net Loss

  • The company reported a marked loss despite higher revenue.
  • Increased expenses overshadow the revenue rise to £397K.
by Damian Chmiel
Retail FX

UP Fintech's Third Quarter Ends with 24,604 More Customers

  • The Tiger Brokers parent reported almost 300% higher net income than a year before.
  • Other critical financial metrics also experienced a significant rise year-over-year.
by Damian Chmiel
Institutional FX

One in Three Trades Occurs After Hours, Spectrum Markets' Q3 Report Reveals

  • Spectrum's Q3 2023 report showcases a steady growth of 10%.
  • Interestingly, 32.3% of individual trades occurred outside conventional market hours.
by Damian Chmiel
Institutional FX

ICE Shatters Expectations with a $2 Billion Revenue Record

  • Net income for the reported period doubled compared to 2022.
  • The company finalized the acquisition of Black Knight and expanded its mortgage network.
by Damian Chmiel
Institutional FX

Broadridge Ignites Fiscal 2024 with 8% Revenue Increase

  • At the same time adjusted EPS jumped 30%.
  • The company also announced a share buyback of $150, reaffirming its FY24 outlook.
by Damian Chmiel
Institutional FX

Citadel Securities Europe Records 113% Increase in Profit for 2022

  • In 2022, the company's expenses were also clearly improving.
  • These, however, were "in line with expectations" and ultimately allowed to achieve a higher net profit.
by Damian Chmiel
Retail FX

Three IG Group Subsidiaries Report Mixed Results for Fiscal Year 2023

  • Profits reported by IG Markets and IG Index decreased slightly in FY23.
  • However, IG Trading and Investments reported a robust growth.
by Damian Chmiel
Institutional FX

BGC Group's Q3 Revenue Surges amid Year-to-Date Concerns

  • The company's financial results reveal an increase of 16% in Q3 revenue.
  • In the third quarter, net profit experienced a boost, but it significantly shrank year-to-date.
by Damian Chmiel
FinTech

The Wake-Up Call for EU Fintechs from Worldline's $3.8 Billion Wipeout

  • Worldline published Q3 2023 results, slashing its sales forecast.
  • The move has added to growing investor concerns about the European fintech industry.
by Damian Chmiel
Institutional FX

MarketAxess Reports Q3 Earnings: Lower Income, Record Volume

  • Operating income declined to $66.9 million, impacted by a rise of 10% in total expenses.
  • However, the company achieved a record automated trading volume and active clients base.
by Damian Chmiel
Institutional FX

Nasdaq’s Q3 Results Show It Dominates IPO Listings in 2023

  • Nasdaq's report for Q3 2023 shows a YoY increase of 6% in net revenues.
  • The company also returned $108 million to shareholders through dividends.
by Damian Chmiel
Institutional FX

DCFX UK Alters Business Model amid Low FX Spreads and High Leverage

  • The former KVB Prime UK is in the process of moving to institutional business.
  • The last nine months of 2022 resulted in a net loss of nearly £50,000.
by Damian Chmiel
Retail FX

eToro UK's Massive Cost Reductions Lead to 13% Net Profit Increase in 2022

  • eToro UK net income fell 46% in 2022 to $143.8 million.
  • However, the net profit rose 13%, achieving $3.43 million.
by Damian Chmiel
Institutional FX

Tavira Financial's Revenues Rise but Bottom Line Suffers in FY23

  • The company joins the broader industry trend of higher revenues but shows a lack of profit in 2022.
  • The net result deteriorated 125%.
by Damian Chmiel
Retail FX

Saxo Bank UK's Profit Dips despite Record Client Numbers

  • In 2022, Saxo Bank UK achieved a trading profit of £24.74 million.
  • Despite a decline in volumes, the broker currently has a record-large customer base.
by Damian Chmiel
Institutional FX

ParFX Posts 20% Profit Rise, Bucking UK Industry Trend

  • Net profit for ParFX increased 20% in 2022.
  • In contrast, most UK-based companies in the FX industry have recently reported either a decline or a complete lack of profit.
by Damian Chmiel
Institutional FX

Monex Europe Holdings Reports £9.98M Profit in 2022

  • The British division of Monex made significant improvements last year.
  • After suffering a loss of £3.45 million in 2021, the company turned it into a profit in 2022.
by Damian Chmiel
Retail FX

NAGA Transforms €4.2M Loss into €4.2M Profit as First-Time Deposits Soar by 100%

  • Retail brokerage increased the number of active accounts to 20,400.
  • In addition, the average value of the first deposit rose 105%.
by Damian Chmiel
Retail FX

XM and Trading.com Operator Reports £1.09 Million Net Loss in 2022 despite Higher Revenues

  • Trading Point operates XM and Trading.com brands.
  • Despite higher revenues in 2022, the company has not reached the break-even point.
by Damian Chmiel
Retail FX

FxPro UK Revenue Rises by 20% Despite Net Loss

  • The company reports a lack of profitability for the second consecutive year.
  • However, FxPro did manage to increase both volume and revenue.
by Damian Chmiel
Institutional FX

Citadel Securities' Holding Company Revenue Jumps 120% amid Expansion Plans

  • Revenue increased to $1.23 billion, while net income rose $78%.
  • The director spoke about the desire to expand into new markets and asset classes.
by Damian Chmiel
Institutional FX

Beeks’ Revenue Soars to £23.8 Million, but Where Did the Profit Go?

  • The publicly-listed company announced a revenue increase of 22% in FY2023.
  • However, the net profit turned negative.
by Damian Chmiel
Retail FX

Hantec Markets Struggles to Turn 7% Higher Revenue into Profit in 2022

  • For the broker, 2022 was the second consecutive year of revenue growth.
  • However, this was not enough to achieve net profitability.
by Damian Chmiel
FinTech

Boku Inc. Soars High with 26% Revenue Boost amid CEO's Exit

  • Boku Inc. reveals revenue increase to $38.2 million in H1 2023.
  • The mobile payment provider also announced the CEO, Jon Prideaux's retirement at the end of the year.
by Damian Chmiel
Retail FX

ThinkMarkets UK Finds More Revenue but Less Profit in 2022

  • TF Global Markets (UK) Limited published its financial report on Friday.
  • Higher operating expenses resulted in a net income decline.
by Damian Chmiel
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