Take a look at the latest news from the world of crypto, finance and Forex, and always stay tuned.
A leading Forex and CFD broker – ATFX, announced a strong increase in trading volume both in the year and in every quarter. The market is growing and expanding quite rapidly, which makes it possible for companies to develop more actively. The average monthly trading volume was recorded at more than $140 million. The broker has achieved such results by adding more than 180 products and 350 instruments in 2021. Thus, in 2021, the trading volume increased by 18%. The broker also noticed that as a result of the activity in the crude oil market in December, investors’ interest in trading increased. The volume of energy supply contracts increased by 266% in December. As a result, the company has recorded an amazing increase in recent years.
Polish bank -XTB has published its report for the 4th quarter stating that its profit increased by almost 70%. The bank also announced a jump in operating profit of more than 30% compared to last year. In terms of real currency, the operating profit for the quarter amounted to more than 180 million PLN. The broker’s net profit reached more than 230 million PLN. XTB also improved the customer acquisition system, which had a positive impact on profit growth. Over the last few months of 2021, the bank has managed to attract more than 40,000 new customers.
Admirals is a well-known online trading company. Recently it added fractional shares to its range of services and products. Fractional shares are very popular among traders. This type of investment allows the trader to independently decide how many shares he wants to buy (that is, the trader has the opportunity to purchase a share of the stock). On such shares, equal shares of the acquired shares are also paid dividends. Admirals advise traders to familiarize themselves with all documentation and policies regarding fractional shares before purchasing them.
Due to the high volatility in the market, ThinkMarkets plans to take additional measures to increase margin requirements. ThinkMarkets stated that such changes could affect such stocks as Virgin Galactic, Peloton as well as Beam. This is due to the fact that some stocks have revised margin requirements.
ThinkMarkets has been operating in this market since 2010. The company’s platform has great functionality and already provides more than 550,000 users. The platform provides more than 1,500 assets for trading, so traders will have the opportunity to invest without problems.
The international derivatives exchange Eurex announced an increase in profit and activity in January 2022. It is also worth recalling that the exchange is a member of the Deutsche Börse group. The company stated that the volumes in the repo market increased by 100% compared to last year. As far as trade contacts are concerned, equity index derivatives increased to 65.7 million in January 2022.
Also, in the Eurex Repo market, the total average monthly volume increased by more than 60%. The annual figures increased from 123 billion euros to 200 billion euros for the 2022 year.