CFD and FX Broker Archives - Page 2 of 2 - The Industry Spread

Key Personnel Appointments at Maybank Kim Eng, Gain Capital and BGC Partners

March 21, 2019

London-based Investment banking and brokerage division of Malaysian Bank, Maybank Kim Eng has announced that it has promoted Andrew Gee to the role of Head of Prime Services Sales. Andrew’s promotion of higher management level comes barely four years after he joined the firm when he was appointed as Head of Institutional sales. He has served in various roles across CFD and prime execution services.

Gain Capital Reports Solid Financial Performace for FY 2018, Full Year Profit at $29 Mn Against Loss of $11 Mn in 2017

March 1, 2019

The group has managed to improve its performance year-over-year across various parameters during the last three months period. Detailing the result, the group posted net revenue under US GAAP for Q4, 2018 at $79.9 million, higher by 27 per cent year-over-year to $62.7 million in Q4, 2017. Further, the full year revenue came in at $358.0 million, which is 28 per cent higher compared to $278.2 million in fiscal 2017. 

Polish FX Broker, XTB Witnesses Weak Financial Performance in Q4,2018, Revenue Slides by Over 44%

February 11, 2019

Publicly-listed Polish FX and CFD broker, X-Trade Brokers has released its preliminary Q4, 2018 and full fiscal year 2018 financial results, showing missing estimates and a huge drop in revenue.

In the final quarter of 2018, the decline was reported in both revenue and net income, but according to the latest preliminary report, key components of the business showed positive year-on-year growth.

Barclays Plc Hired Former Citibank Executive Pratap Gill to Strengthen the Group’s FX Franchise in the Asia Pacific Region

February 1, 2019

Barclays Plc has strengthened its FX franchise in Asia-Pacific region with the appointment of Citibank’s Pritpal Gill. In his new role, Gill will lead the sales team to develop and drive the G10 FX trading strategy in the region and will be based out of Singapore. He will report to the head of Barclays, head of FX trading in Asia, Guillermo Cabeza, and also to Paul Thirlwall, global head of FX options.

Saxo Bank and JFD Brokers Make Senior Level Appointments

January 23, 2019

Denmark based multi-asset brokerage firm, SAXO Bank has hired Citigroup’s Fan Xu as Chief Executive Officer of its Greater China operations. Xu will be based in Shanghai and will report directly to Founder and CEO, Kim Fournais.
The multi-asset investment company, JFD Brokers has added a new team member, Nikola Marinov as its newest Head of Marketing for its Bulgaria unit from immediate effect.

Moscow Exchange (MOEX) Reports Steady Trade Volumes for December 2018

January 11, 2019

The total trading volume at Moscow Exchange (MOEX) in December 2018 has increased by 1.5% to RUB 72.5 trillion in December 2018.
Gaitame, the Japanese FX broking giant has also released it December 2017 operation metrics, recording a month-on-month fall in transactional volume despite growth in client account numbers.
Retail FX and CFD broker, FXCM has released its December 2018 execution data, reporting steady volumes during the month.