The fortunes of Swiss FX broker, Dukascopy Bank, are looking brighter, according to the results for the first half of the year, ending June 30, 2015, released by the company today.

While the 2014 Annual Report demonstrated high operational costs, due to the roll-out of new CFD product offerings, and sluggish revenues, due to low volatility, the current year is reported to be just the opposite.

Indeed, the broker notes that total income is the best ever in the company’s history, and operational expenses have been reduced.

Specifically, the Swiss broker recorded a total trading income for the semester of CHF 16.6 million (US$17.0 million), which amounts to a 52% increase compared to the first semester of 2014. The company attributes the improved metrics to strong business volume and market volatility.

In terms of operating expenses, the company reports a YoY decrease of 8% compared to H1 2014, coming in at CHF 11.6 million ($11.9 million). Clearly, the high level of operating expenses in 2014 was attributed to the launch of its own CFDs products, as the company sought to diversify its offerings in line with other Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers.

The increased revenues and reduced expenses are reflected in the bottom line. Indeed, the half-year gross profit reached CHF 5.3 million ($5.4 million) - a strong figure when compared to the gross profit for the full 2014 year, which only amounted to CHF 1.3 million ($1.29 million).

In a statement, the company alludes to a successful strategy and heightened Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term as key factors contributing to the H1 2015 results: “These excellent results confirm the rightness of our strategy and previous statements according to which Dukascopy Bank passed the 15th January 2015 shock safely.”

Shopping

Alongside its H1 2015 results, Dukascopy Bank also put out a statement advertising the fact that it is on the lookout to acquire FX brokers.

The Swiss broker just recently made a foray into Japan with its acquisition of Alpari Japan, to be renamed Dukascopy Japan and will offer forex trading through Dukascopy proprietary trading technology.

Likewise, the company is keen to get a physical presence in Australia, South Korea, South Africa and Canada, according to its marketing machine.

Finance Magnates will be keeping an eye on the situation to see whether Dukascopy makes good on its intentions.