Daily Dose of Broker News: UK Focus
360T's UK MTF gains OSC exemption, offering Canadian FX market access. Deutsche Börse Group expands global forex presence with innovative trading solutions.
FCA refuses extra compensation for Premier FX collapse fallout, citing firm responsibility. Regulatory improvements are outlined in response.
4T Markets reveals robust revenue growth in 2023, reaching £235K. Despite the increased net loss, the London-based entity shows a positive financial trajectory.
Marex plans a $2.8B valuation in U.S. listing post-abandoned UK IPO. They filled out papers with the U.S. Securities and Exchange Commission (SEC).
INFINOX UK confronts financial challenges in 2023, witnessing a sharp drop in profits. Despite headwinds, the broker eyes strategic growth in 2024.
Robinhood announces a third attempt at launching in the UK in 2024, confident in serving customers with 24-hour trading and a secured FCA license.
Tickmill UK reports a 19.5% decline in profit in 2022, dropping from £7.16 million to £6.18 million.
FxPro UK reported a significant 20% growth in annual revenue to £1.11 million in 2022. However, its net profit saw a loss of £614,558.
FXCM UK Ltd. reported an 11.2% revenue drop to $10.74 million in 2022. However, its profits experienced substantial growth.
Retail investors often encounter difficulties in building a diversified investment portfolio due to the expensive price share. To address this issue, XTB's Fractional Shares offering endeavors to promote inclusivity in the stock market.
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