In the Forex and CFD trading space this past week, here are some of the most widely followed news, such as MT4/5's return to the App Store, MetaQuotes hits record iOS user numbers, IG Group acquires Small Exchange from Foris DAX Markets, CMC Markets Connect expands Dubai office. The specific news is as follows:
1, MT4/5 After the return of the App Store, MetaQuotes hit a new high in iOS users
2. IG Group acquires Small Exchange from Foris DAX Markets
3. CMC Markets Connect expands Dubai office
1, MT4/5 After the return of the App Store, MetaQuotes hit a new high in iOS users
Trading platform developer MetaQuotes' MT4/5 hit a new high in the first month after its return to the Apple App Store. MetaQuotes said that the current MAU (monthly active users) value significantly exceeds the figure before the block. According to internal research results, the app's audience has grown by 14% compared to six months ago, which is the best recorded since the launch of the MT4/5 trading platform.
Renat Fatkhullin, CEO of MetaQuotes, said that although users have been positive about the MT4/5 relaunch, he will not be slow, and will always improve according to market demand.
2. IG Group acquires Small Exchange from Foris DAX Markets
Electronic trading giant IG Group has announced a partnership with Foris DAX Markets,Inc. Reached an agreement to acquire Small Exchange, a Chicago-based futures exchange. Previously, IG Group's U.S. businesses included IG North America, as well as tastytrade, tastylive, easy Software Solutions and IG US. The acquired Small Exchange has advanced trading systems, risk monitoring systems and matching engine trading technology.
IG Group actually had a stake in Small Exchange prior to the acquisition, and Small Exchange was acquired by Crypto.com's parent company Foris DAX Markets, Inc in March 2022. Purchase. This time from its parent company Foris DAX Markets, Inc. The acquisition enables IG Group to continue to expand its range of products and services to retail investors and traders in the United States. (Through the search of the Forex APP, the platform's Tianyan score is 8.20 points, although the score is high, but its background complaints have reached 15, investors are advised to pay attention to screening!)
3. CMC Markets Connect expands Dubai office
CMC Markets Connect, the liquidity and white label trading solutions division of London-based online broker CMC Markets (LON:CMCX), which has had a physical presence in the United Arab Emirates since 2019, recently announced a further expansion of its operations from its upgraded Dubai office.
In addition to offering a full range of currency and commodity offerings, CMC Markets also intends to launch a suite of cash equity products to institutional clients (subject to regulatory approval). This allows a wide range of global equities to be added to the portfolio, with new regional and international markets to be added in the coming months. CMC Markets Connect will also leverage its existing team, locally recruited staff and a range of people redeployed from its global operations to provide continuity to existing clients in the region.
CMC Markets Connect also provides well-crafted liquidity trading methods for global institutional clients, including banks, brokers, funds and trading desks. Its constant innovation and investment in trading technology means it is able to respond consistently to changing markets. Through a single connection, clients using CMC Markets Connect have access to multiple asset classes around the world, enabling them to seamlessly execute their chosen strategies and increase their revenue potential.
CMC Markets is also regulated in several jurisdictions, including the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS), the European Union's Federal Financial Supervisory Authority (BaFin) and the Dubai Financial Services Authority (DFSA). (Through the search of the Forex APP, the platform's Tianyan score is 7.78 points, although the score is high, but its background complaints have reached 13, investors are advised to pay attention to screening!)
