Foreign exchange market

Superior Reports Full Year and Fourth Quarter 2023 Financial Results

Retrieved on: 
Thursday, March 7, 2024

“Our teams demonstrated incredible resilience in 2023 as we navigated a challenging operating environment that significantly weighed on our financial results.

Key Points: 
  • “Our teams demonstrated incredible resilience in 2023 as we navigated a challenging operating environment that significantly weighed on our financial results.
  • Income Tax Benefit for the fourth quarter of 2023 was $33 million, compared to an Income Tax Provision of $3 million in the fourth quarter of 2022.
  • The Company reported Cash Flow Provided by Operating Activities of $44 million in the fourth quarter of 2023, compared to $78 million in the fourth quarter of 2022.
  • Unlevered Free Cash Flow, a Non-GAAP financial measure, was $50 million for the fourth quarter of 2023, a decrease of $30 million compared to the fourth quarter of 2022.

United Fintech Secures Strategic Investments From BNP Paribas and Citi

Retrieved on: 
Tuesday, February 27, 2024

BNP Paribas and Citi have become the first institutional investors in United Fintech Group Limited (“United Fintech”), a neutral Digital Transformation Platform, as part of a strategic investment round led by Citi.

Key Points: 
  • BNP Paribas and Citi have become the first institutional investors in United Fintech Group Limited (“United Fintech”), a neutral Digital Transformation Platform, as part of a strategic investment round led by Citi.
  • United Fintech is also in advanced talks with other leading strategic investors to join its transformative journey, signalling a broad industry shift towards collaborative fintech innovation.
  • As part of the deal, two rotating board seats will go to BNP Paribas and Citi.
  • The investment round is a major milestone that United Fintech expects will facilitate further backing from strategic investors:
    “More than a significant milestone for United Fintech, the backing of Citi and BNP Paribas is a testimony of forward-thinking leadership.

Gold Pecker Unveils Latest Version with Advanced Forex Trading Tools and Customization Features

Retrieved on: 
Friday, March 8, 2024

LONDON, March 8, 2024 /PRNewswire/ -- Gold Pecker, a leading Forex Expert Advisor, has unveiled its latest version, earning accolades from industry experts for its advanced features and customizable tools. With enhancements such as Time Settings, Hedging Options, and Dashboard Customization, Gold Pecker continues to set new standards in the Forex trading landscape, offering users unparalleled control and flexibility over their trading strategies.

Key Points: 
  • LONDON, March 8, 2024 /PRNewswire/ -- Gold Pecker, a leading Forex Expert Advisor, has unveiled its latest version, earning accolades from industry experts for its advanced features and customizable tools.
  • With enhancements such as Time Settings, Hedging Options, and Dashboard Customization, Gold Pecker continues to set new standards in the Forex trading landscape, offering users unparalleled control and flexibility over their trading strategies.
  • "With our latest update, Gold Pecker reaffirms its position as a leader in the Forex trading industry," declared a spokesperson for Gold Pecker.
  • Experience the power of advanced features and customization options with Gold Pecker today.

ThinkMarkets Introduces Spread Betting via Its Flagship Platform, ThinkTrader

Retrieved on: 
Wednesday, March 6, 2024

Setting up a spread betting account with ThinkMarkets is easy, involving a simple process through the ThinkPortal, where traders can select ThinkTrader as their platform and choose the Spread Betting option.

Key Points: 
  • Setting up a spread betting account with ThinkMarkets is easy, involving a simple process through the ThinkPortal, where traders can select ThinkTrader as their platform and choose the Spread Betting option.
  • For existing spread betting account users, ThinkMarkets has ensured a seamless transition to the new spread betting offering by allowing direct fund transfers from other platforms to the new ThinkTrader spread betting account.
  • Access to Global Markets: ThinkMarkets offers spread betting across a comprehensive range of markets, including Forex, Indices, and Precious Metals.
  • The launch of spread betting on ThinkTrader demonstrates ThinkMarkets' dedication to enhancing its trading ecosystem and its commitment to keep providing traders with diverse and innovative trading solutions.

"The Quant Box" Hedge Fund Super Engine 2023 Theoretical Performance: +32.8% Across 9 Sectors

Retrieved on: 
Tuesday, February 20, 2024

Robert Kelly (founder of Jackass Banker) developed this disruptive technology over the last seven years. It is designed for investors and hedge funds who seek to improve performance using The Quant Box's advanced, quantitative algorithms---and easy-to-understand trading signals. 

Key Points: 
  • Coupled with The Quant Box is the launch of The Quant Box Model Portfolio , an aggressive virtual hedge fund which may trade futures, indexes, debt, currencies, and cryptocurrency, encompassing nine different sectors.
  • During 2023, The Quant Box across nine different sectors, rose +32.8% theoretically (no margin used) vs. the markets' 20.2% actual underlying performance, ranking it among the top funds.
  • I created The Quant Box for hedge fund ownership, but their techies blew me off in 2023.
  • Readers are urged to read the abundant risk disclosures found at The Quant Box Trading Signals page and/or The Quant Box Performance page at thequantbox.com .

Nexon Releases Earnings for Fourth Quarter and Full-Year 2023

Retrieved on: 
Thursday, February 8, 2024

NEXON Co., Ltd. (Nexon) (3659.TO), a global leader in Virtual Worlds, today announced the financial results for its fourth quarter and fiscal year ended on December 31, 2023.

Key Points: 
  • NEXON Co., Ltd. (Nexon) (3659.TO), a global leader in Virtual Worlds, today announced the financial results for its fourth quarter and fiscal year ended on December 31, 2023.
  • “Despite unforeseen short-term challenges in Q4, Nexon delivered record-setting full-year revenue and operating income in 2023, growing revenue 20% and operating income 30%,” said Owen Mahoney, President and CEO of Nexon.
  • The biggest of these is Dungeon&Fighter Mobile in China, which we plan to launch as soon as possible in 2024.
  • Nexon is working with our local publishing partner Tencent to launch the game as soon as possible in 2024.

Ec Markets Welcomes Judd Trump as Global Brand Ambassador

Retrieved on: 
Wednesday, January 24, 2024

The partnership with Trump will further boost Ec Markets’ image and help to assert itself as a leading global Forex and CFD broker given Trump’s achievements and popularity across the world.

Key Points: 
  • The partnership with Trump will further boost Ec Markets’ image and help to assert itself as a leading global Forex and CFD broker given Trump’s achievements and popularity across the world.
  • Furthermore, Trump will wear the Ec Markets logo during tournaments at a time when the company is continuing to expand its presence in financial markets worldwide.
  • Ec Markets Group CEO Matthew Smith said: "We are delighted to welcome Judd Trump to the EC Markets family.
  • Defending Masters Champion, Judd Trump said: "I am excited to launch 2024 with a brilliant partnership with Ec Markets.

Ownera Expands Leadership team with Strategic Industry Hires

Retrieved on: 
Monday, January 22, 2024

Ownera, a leader in tokenization interoperability solutions, proudly announces the strategic addition of three seasoned professionals to its board and management team.

Key Points: 
  • Ownera, a leader in tokenization interoperability solutions, proudly announces the strategic addition of three seasoned professionals to its board and management team.
  • Itay brings valuable insights and strategic acumen to Ownera as it works with the largest financial institutions to deliver market-wide interoperability for tokenized assets.
  • These strategic appointments underscore Ownera's dedication to assembling a high-caliber leadership team capable of steering the company through its next phase of growth.
  • "We are thrilled to welcome Itay, Natasha, and Emmanuel to the Ownera family," said Ami Ben-David, the founder and CEO of Ownera.

CME Group International Average Daily Volume Reaches Record 6.8 Million Contracts in 2023, Up 8% from 2022

Retrieved on: 
Wednesday, January 10, 2024

LONDON and SINGAPORE, Jan. 10, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that average daily volume (ADV) outside the United States reached a record 6.8 million contracts in 2023, up 8% from 2022.

Key Points: 
  • LONDON and SINGAPORE, Jan. 10, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that average daily volume (ADV) outside the United States reached a record 6.8 million contracts in 2023, up 8% from 2022.
  • In 2023, Europe, Middle East and Africa ADV hit a record 4.9 million contracts, up 13% from 2022.
  • Globally, CME Group reported a record ADV of 24.4 million contracts in 2023, up 5% over 2022.
  • This was largely driven by growth in Interest Rate ADV, up 16% to a record 12.5 million contracts, and Options ADV, up 23% to a record 5.1 million contracts.

LoopFX to be integrated into FactSet’s Portware trading platform

Retrieved on: 
Tuesday, January 9, 2024

LoopFX and FactSet, a global financial digital platform and enterprise solutions provider, today announce plans to integrate LoopFX into FactSet's Foreign Exchange execution management system, Portware, in early 2024.

Key Points: 
  • LoopFX and FactSet, a global financial digital platform and enterprise solutions provider, today announce plans to integrate LoopFX into FactSet's Foreign Exchange execution management system, Portware, in early 2024.
  • LoopFX serves both the buy-side and sell-side by sourcing large block liquidity in a dark pool, eliminating information leakage.
  • FactSet’s Portware Platform is an advanced multi-asset Execution Management System (EMS) used by leading buy-side traders worldwide.
  • “We are pleased to announce the integration of LoopFX into FactSet’s Portware Platform,” said Chris Matsko, Head of Foreign Exchange Trading Services at FactSet.