May 06, 2014 BY Gerald Segal

EXNESS keeps growing, reports April volumes of $168 billion

In a month where, so far, we've seen both retail brokers (e.g. GMO Click in Japan and Saxo Bank in Denmark) and institutional players (e.g. ICE) show slowing FX trading volume metrics, up-and-coming broker EXNESS just keeps on humming. The CySEC-regulated forex broker reported April FX trading volumes of $168.2 billion, marginally (1%) higher than March…

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May 05, 2014 BY Gerald Segal

KVB Kunlun sees Revenues down 45% (!) in Q1, posts HK$7.1 million loss

We reported last week that Hong Kong based retail FX broker KVB Kunlun (HKG:8077) had issued a profit warning for Q1, blaming an expected loss on reduced market volatility, a rampup in marketing expenses during Q1, and expenses related to the grant of share options to senior KVB employees. KVB at the time didn't give any specific numbers as to the size…

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