Gaitame parent Tradition, which also holds an interest in FXDD, reports overall 3% drop in revenue Compagnie Financière Tradition reported first-quarter consolidated revenue of CHF 221.6 million, compared with CHF 235.3m in same period in 2013, a decline of 5.8% at current exchange rates or 2.8% in constant currencies. For the same period, the Group’s…
Read moreRaaflaub oversaw the requirement of Swiss Forex brokers to receive a bank license, reshaping the industry. Switzerland's financial regulator FINMA has announced that its longtime CEO Patrick Raaflaub has resigned, and will be replaced on an interim basis by FINMA Deputy CEO Mark Branson. FINMA's Board of Directors has initiated a formal search for a new…
Read moreHowever Swissquote's eForex volumes were down, despite a rise in client assets. Leading Swiss online brokerage Swissquote (a member of LeapRate's Approved List of global Forex brokerage firms) announced today that FX volumes were down in Q1 to average $24 billion per month (CHF 22 billion), down 11% from Q4-2012 levels. This despite a 4% rise in clients' FX assets at…
Read moreLow volatility is taking its toll.
Read moreAlso expands presence in Dubai with category 4 DFSA license.
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