Tickmill Group, which operates a multi-regulated brokerage brand, exclusively shared with Finance Magnates that its trading volume for March came in at $195.6 billion, making it a record month for the broker.
The record figures came in line with the surged demand across the trading industry last month. Many other retail brokers also published recorded volumes for March, which is even higher than the numbers posted for the volatile market exactly a year ago.
Regulated in the UK, Malaysia, Cyprus, South Africa and Seychelles, Tickmill offers trading services with forex and contracts for differences (CFDs) products. It is expanding aggressively, which contributed to the rise in new clients and thus trading volumes.
Quarter Remains Strong
Tickmill detailed that demand for its offerings remained on the higher side for the entire first quarter of the ongoing year with a total notional volume of $511 billion. Apart from the March numbers, the broker witnessed notional volumes of $147.4 billion and $167.5 billion in January and February, respectively.
The Rising Star of the DeFi Project, GIBXSwap, Passes CertiK Security AuditGo to article >>
The record figure came after the broker revealed an average monthly trading volume of over $142 billion for 2020, which is a yearly jump of 14.7 percent.
It executed a total of 38 million trades in the first quarter, compared to 2020 with 115 million trades.
“Following a dynamic 2020, we are ready to reach new levels of excellence in the year ahead by offering products, services and tools that matter most to our clients while keeping trading costs to the minimum,” Tickmill UK’s Chief Executive Officer, Duncan Anderson, said on the record numbers.
“Building on last year’s phenomenal performance which saw the introduction of new asset classes and trading platforms, we are looking to take our product offering to a whole new level this year by enhancing our traders’ experience with sophisticated and technologically advanced solutions.”