AxiCorp Financial Services has posted record trading volumes during March 2013 under the company’s electronic trading arm AxiTrader.
The Australian company completed the month with a total volume of $82,161 million, representing a Year-on-Year increase of $24,420 million when compared with March 2012’s $57,741 million figure.
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AxiTrader has been steadily increasing its global footprint, and in February this year formed a partnership with ILQ in the United States in order to enter that particular market as an introducing broker. This was a cost effective means of entering the US and required a much lower capital adequacy total than becoming an FCM.
Quinn Perrot, General Manager at AxiTrader attributes last month’s growth in volumes to the company’s “continuing efforts to provide clients with what they are looking for which include great service, spreads, execution and reliability.”