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Screenshot of a breaking news alert e-mail from Q2 2017
Retail Forex broker and Swiss Bank Swissquote (SWX:SQN) has reported its First Half 2014 results, showing an increase in Revenues and a slight decrease in Profits as it continues to integrate the acquisition of MIG Bank.
On the FX front, Forex trading volumes averaged $73 billion per month at Swissquote during the Janaury-June 2014 period, down about 14% from the $85 billion per month Swissquote saw in Q4 soon after the MIG Bank deal. Not surprising, given the industry-wide drop in volumes this year.
We’ll have more analysis later. In the meantime, the complete Swissquote press release can be accessed here (pdf).