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Retail FX
Global Uncertainty Freezes Forex: Banks Face 15% Revenue Fall in Forex Trading
2023-08-23T23:51:00.000+02:00
Data from 100 major banks confirms market slowdown.
FX volumes fell 7% in H1 2023 as currency volatility declined.
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FinTech
Nium Doubles Revenue in 2022, Intends to Open Amsterdam Office
2023-06-05T09:37:37.115+02:00
The company appointed Manuel Sandhofer as Senior VP and GM in Europe.
The new leader brings 15 years of industry experience to the expanding company.
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Starling Bank Achieves Sixfold Revenue Jump, CEO to Leave
2023-05-25T11:58:56.655+02:00
Pre-tax profit reached £195 million in FY2023.
Customer deposits rose and reached £10.6 billion.
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Retail FX
Trading Point of Financial Instruments UK Sees 56% Dip in Revenues during 2021
2022-09-28T13:08:16.664+02:00
The company posted a loss of approximately £1.17 million.
In 2020, the company witnessed a loss of almost £118,000.
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FinTech
Cornerstone’s H1 2022 Revenues Climb by 127%
2022-09-28T10:16:20.178+02:00
The company has witnessed strong growth in direct sales.
The gross margin improved to 61.7%.
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Institutional FX
Marex Witnesses 29% YoY Jump in Net Revenues during H1 2022
2022-08-18T13:34:00.543+02:00
Client activity increased sharply in the first half of 2022.
Revenues related to market making climbed 84%.
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HIVE Posts Revenues of $44.2 Million in the Latest Quarter
2022-08-18T09:13:04.265+02:00
The company mined 1,338 Bitcoin equivalent in the quarter ended 30 June 2022.
Adjusted EBITDA came in at $11.2 million.
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Brokers
Plus500’s Revenues Climb 48% YoY in H1 2022
2022-08-17T09:21:53.891+02:00
EBITDA jumped by approximately 63%.
Customer deposits reached the level of $1.2 billion.
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Thought Leaders
MultiBank Group Announces Record-Breaking Financial Figures for 2021
2022-08-15T17:24:56.983+02:00
MultiBank Group saw daily turnover of over $12.1b and annual revenue of $189m.
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News
Broadridge’s Total Revenues Climb 12% in Q4 FY22
2022-08-13T10:20:13.860+02:00
Operating income came in at $342 million.
The adjusted operating income was $436 million.
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Flywire Sees 53% Increase in Q2 Revenues
2022-08-10T09:27:15.497+02:00
The total payment volume climbed 49% compared to the same period last year.
Gross profit came in at $33.2 million.
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Brokers
Swissquote’s Operating Revenues Dip 23.1% YoY in H1 2022
2022-08-10T07:24:13.232+02:00
Net revenues came in at CHF 200 million.
Net trading income dropped by 28% in the first half.
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News
Equinix Reports $216 Million in Net Income for Q2 2022
2022-07-28T08:17:13.992+02:00
Revenues for the latest quarter came in at $1.8 billion.
Operating income climbed by 19%.
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Brokers
IG Group’s Net Trading Revenue Jumps 16% in FY22
2022-07-21T09:11:02.296+02:00
Total active clients climbed by 31% to 381,500.
Profit before taxation came in at £477.0 million.
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Institutional FX
State Street Posts 16% YoY Growth in FX Trading Services Revenue in Q2
2022-07-18T07:56:10.448+02:00
The total fee revenue dipped by almost 6% YoY.
EPS in the second quarter reached $1.91.
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Institutional FX
Citigroup’s Revenues Hit $19.6 Billion in Q2 2022
2022-07-16T13:01:19.234+02:00
The net income touched $4.5 billion in the second quarter.
Also, EPS dropped to $2.19 for the mentioned period.
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Institutional FX
JPMorgan Posts 28% Dip in Net Income for Q2 2022
2022-07-16T08:32:24.626+02:00
The net reported revenue came in at $30.7 billion.
Total revenue related to markets increased by 15% YoY.
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Brokers
UP Fintech Reports 35.2% YoY Dip in Q1 Revenues
2022-06-10T12:00:23.275+02:00
Total revenues came in at $52.6 million, compared to $81.3 million in the same period last year.
The company added 30,150 funded accounts in the recent quarter.
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Flywire’s Revenue Jump 43% YoY in Q1 2022
2022-05-11T08:26:16.495+02:00
The total payment volume during the first quarter climbed 46%.
However, the company posted a net loss of $10.1 million in the recent quarter.
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Institutional FX
BBVA Posts Net Attributable Profit of €1.65 Billion in Q1 2022
2022-04-30T08:01:19.386+02:00
The performance was driven by strong revenue growth.
The efficiency ratio also improved significantly during the latest quarter.
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Executive Moves
TP ICAP Selects Mark Govoni as CEO of Agency Execution Division
2022-04-29T07:14:03.462+02:00
He has joined the company from Instinet.
Mark Govoni has replaced John Ruskin.
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Equinix Reports 9% YoY Surge in Q1 Revenues
2022-04-28T08:30:55.297+02:00
More than 4,200 deals were executed in the last quarter.
Net income also increased significantly in Q1 of 2022.
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Institutional FX
CME Group Reports Revenue of $1.3 Billion in Q1 2022
2022-04-27T14:14:14.025+02:00
Quarterly operating income came in at $859 million.
Net income reached $711 million.
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Bank of America’s Quarterly Net Income Hits $7.1 Billion
2022-04-18T15:11:34.174+02:00
Global Markets generated a net income of $1.6 billion.
The financial services provider reported EPS of $0.80.
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Institutional FX
Citigroup’s Net Income Drops 46% YoY in Q1 2022
2022-04-18T07:31:15.725+02:00
Revenues for the recent quarter came in at $19.2 billion.
EPS dipped by almost 44% compared to the same period last year.
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