Swissquote forex volumes up 37% in Q2

Swissquote reports healthy Q2 profits at the corporate level as well, as clients and assets grew.

Leading Swiss online brokerage Swissquote (a member of LeapRate’s Approved List of global regulated Forex brokerage firms) announced today that FX volumes increased a whopping 37% during Q2, to average CHF 30.5 billion ($32 billion) per month, up from $24 billion per month in Q1.

At the company level, revenue saw a nice bounce of 12% over Q1 to total CHF 31.8 million ($34 million) for the quarter, with profits increasing 45% over to CHF 8.0 million ($8.5 million).

Swissquote shares (SQN.SW), trading on the SIX Swiss Exchange, traded off about 1% on the news, mainly profit-taking after Swissquote had traded up more than 10% in the previous two weeks in anticipation of the results announcement.

To see the:

  • Swissquote Q2 results press release click here.
  • Swissquote Q2 investor presentation click here.
  • Swissquote Q2 financial report and financial statements click here.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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