FX Weekly Round Up, covering the most impactful events in the foreign exchange industry from 20-Jan-25 to 24-Jan-25. This week, we bring you the top news stories that have shaped the forex markets.
Below are the best news to keep you informed and ahead in the dynamic world of forex trading.
DHF Capital Reports Positive 2024 Trading Results and Strategic Expansion
DHF Capital S.A. reported robust trading results for 2024, executing over 10,000 trades with consistent profit factors ranging from 1.68 to 2.32. The firm’s Forex operations reached trading volumes of $200 million during peak periods, with its Gamma Fund surpassing $1 billion in annual trading volume. CEO Bas Kooijman highlighted the company’s disciplined approach, stating, “Our team navigated market uncertainties with resilience, prioritizing capital protection and growth opportunities.”
Is Donald Trump is “Crypto President” or “Forex President”? Trading Volumes set to see new highs…
Donald Trump’s presidency has ignited debates over whether he prioritizes cryptocurrency or forex markets. While campaigning, Trump positioned himself as a “crypto president,” launching Trump Coin (TRUMP), 15 billion market cap before retreating to ~$42 amid volatility. His administration has since enacted crypto-friendly policies, including an executive order to develop blockchain innovation and establish a regulatory working group, signaling support for digital assets.
XTX Markets Invests €1 Billion in Finland for Data Center Expansion
XTX Markets has launched a plan for a €1 billion investment in a cutting-edge data center in Kajaani, Finland. The project, one of the largest of its kind in the Nordic region, begins with the first facility expected to be completed by 2026. The initial structure will cover 15,000 square meters, featuring three data halls with a total IT power capacity of 22.5MW and office space for 50 personnel.
Sky Links Capital Secures SCA License to Elevate Financial Services
Sky Links Capital has set a new milestone after successfully acquiring the Securities and Commodities Authority (SCA) license in the UAE. The certification highlights the company’s commitment to providing exemplary financial services that meet the highest compliance standards. The SCA license allows Sky Links Capital to confidently conduct business in the regulation of the UAE financial sector and offers its clients a safe and rigid trading environment.
Andreas Skianis Joins TIOmarkets as Global Head of Partners
Andreas Skianis has been appointed as the Global Head of Partners at TIOmarkets, marking an exciting chapter in his career. Andreas Skianis aims to expand TIOmarkets’ global partner network, developing strategic partnerships that drive innovation, add value, and enhance client and partner experiences worldwide.
Standard Chartered Launches SC PrismFX for Seamless Global FX Payments
Standard Chartered has introduced SC PrismFX, a cutting-edge platform for cross-currency transactional foreign exchange (FX) solutions. Targeting financial institutions, PayTech firms, non-banking financial institutions, and corporate clients worldwide, this innovative suite integrates over 130 currencies across 40+ markets. The platform offers seamless FX payment services, enhancing efficiency and control.
YaMarkets Announces Elite Achievers IB Contest 2025 with Grand Rewards
YaMarkets’ much-anticipated Elite Achievers IB Contest officially launched on January 5, 2025, marking a milestone event for introducing brokers (IBs) worldwide. This most awaited contest rewards the best performers in the Financial Industry with attractive prizes. There are four performance-based tiers — Bronze, Silver, Gold, and Diamond — where brokers are incentivized with rewards like US$1,000 cash bonuses, US$3,000 luxury watches, 20 grams of gold, and exclusive hampers.
GTCFX Empowers Traders from London to iFX EXPO Dubai
GTCFX, as one of the leading brokerage companies, has been providing traders around the world with modern trading services and tailor-made solutions. During a recent visit to the iFX EXPO in Dubai, an Introducing Broker (IB) from London, found out about the company’s offerings, as well as witnessed how GTCFX is transforming the trading experience.
FXGlobe Appoints Brett David as Global Head of Revenue Operations
FXGlobe has announced the appointment of Brett David as its new Global Head of Revenue Operations and Sales. Brett David brings extensive industry expertise, having previously served as Head of Partnerships EU at IronFX for four years. He has also held roles at broker 1Market and platform provider ParagonEX. Operating under CySEC regulation via fxglobe.eu and an offshore license in Vanuatu through fxglobe.com, FXGlobe aims to strengthen its global reach.
