GCAP first quarter earnings just released, after the close of the market which saw the firms stock price sell off by 3% ahead of that closing. A conference is set for 5pm EDT to discuss the metrics just released.
The company disclosed its total revenue after the market close for its first quarter of this year, and will hold a conference call in less than an hour, Forex Magnates is planning to cover it live, with this post scheduled to be updated in real-time (refreshing the article will show the latest changes).
From a Quarter-over-Quarter perspective, Q1 2014 highlights compared to prior Quarter (Q4 2014):
Net revenue of $75.8 million in Q1 2014, down from $83.0 million in Q4 2013
Net income of $1.6 million, down 62% from $4.3 million in Q4 2013
Adjusted EBITDA of $9.5 million, down 30% from $13.7 million in prior quarter
Retail OTC trading volume of $566.3 billion, up from $508.0 billion in Q4
Institutional trading volume of $1.3 trillion, up from $1.1 trillion in Q4
From a Year-over-Year perspective:
Net revenue of $75.8 million, was up 52% from $49.8 million
Net income of $1.6 million, or $0.04 per diluted share, compared with net income of $4.3 million, or $0.11 per diluted share
Adjusted net income* of $3.3 million, or $0.08 per diluted share
Adjusted EBITDA* of $9.5 million, up 27% from $7.5 million
Retail OTC trading volume of $566.3 billion, up 31% from $431.8 billion
Institutional trading volume of $1.3 trillion, up 46% from $889.9 billion
Futures contracts of 1,609,796, up 26% from 1,282,066
Total retail client assets of $805.9 million, up 76% from $456.9 million
Q1 2014 Retail and Institutional Volumes Higher Both QoQ and YoY
Despite the lower net revenue reported for Q1 the company saw higher trading volumes for the period both on a year-on-year perspective and over the prior quarter, as retail OTC rose $58.3 billion or 11% higher over Q4, as seen above, and totaled $566.3 billion for Q1 2014. Institutional volumes were also stronger reaching $1.3 trillion for the first three months, up 18% over Q4's total of $1.1 trillion, an increase of $200 billion quarter-over-quarter.
GCAP Funded Accounts and Client Assets on the Rise [Source: 2014 Q1 presentation from GCAP]
From a year-over-year perspective -which may be less important to short-term speculators of the firm's public stock- the figures reported today will also be compared for the sake of gauging the firm's direction over that time frame as well, as Q1 2013 is compared to the quarter reported today. It’s noteworthy to recall that January 2014 had started off strong for the company when compared MoM and YoY, with nearly 40% increases respectively, although net revenue wasn't sufficient enough to beat the total of the prior period as both net revenue dropped almost ten percent, and net revenue hit even harder, as shown above.
Recent Related Activity in U.S.
Recent news that could be excluded in the results, since they occurred in the second quarter, although some of which were talked about by the firm's CEO who commented in the official press release as seen below, and which could be mentioned about in the call later, include the acquisition of Galvan Research, and the green light by the CFTC for the company’s swap execution facility under the GTX SEF entity, both announced in April, and shortly after the firm's CEO cashed-in about a tenth of his stake in the company. GCAP shares were trading near $10.00 today then closed down sharply falling over 3% or 30 cents as the closing bell approached on the NYSE. GAIN's Board of Directors declared a quarterly dividend of $0.05 per share, to be paid on June 20, 2014, to shareholders of record as of June 12, 2014, as per the official press release.
Narrow Range Muted Financial Results for Q1, yet Operating Metrics Strong
Commenting in the official press release today from GCAP, the firm's CEO Glenn Stevens said, "Trading conditions in the first quarter, particularly the major currencies' narrow trading ranges, resulted in a challenging quarter for our retail OTC business, which muted our overall first quarter financial results."
Glenn Stevens, CEO, Gain Capital
Mr. Steven added in the statement, "However, our operating metrics remain strong, with trading volume, active and funded accounts, client assets and futures contracts all experiencing double-digit growth over the first quarter of 2013 and strong sequential growth. We are very pleased with our ability to continue to attract customers and provide them with world-class service, which we expect will translate into growth in our financial results when trading conditions improve," and concluded,"Our commission-based business, which includes our institutional and exchange-traded futures businesses, showed strong growth in the quarter and continue to drive our revenue diversification efforts. These complementary businesses represented 39% of our overall revenue for the quarter."
Mr. Stevens also commented regarding the recent deals the company made, and spoke about the GFT acquisition, among others, "The completed acquisitions of Global Asset Advisors and Top Third Ag Marketing and pending acquisition of Galvan Research will contribute to the further expansion of our commission-based revenue, and we expect these transactions to be accretive in 2014."
Gain's GTX Institutional Business Division Average Daily Volumes Nearing $20 billion during Q1 [Source: Q1 Earnings Presentation]
The company's futures business is growing with a 20% YoY increase in customer assets to $164 million, explained Mr. Stevens during the call. An increase in interest rates globally was expected to add to the firm's bottom line as it would create volatility, and a divergence in rates could aid to bring the carry trade back and make it more appealing, described by the firm's CEO before handing over the call to the company's CFO, Jason Emerson who spoke about cost-savings initiatives underway and which are expected to save the company several tens of millions during 2014.
These cost savings were connected to the GFT [acquisition] related synergistic effects, and the consolidation of offices in the U.K and Japan, as subsequently explained in response to an analyst's question, during the call. Mr. Steven replied to a different analyst explaining how the momentum in growing volumes, helping the company acquire market share is causing a chain reaction where the momentum begets momentum, and dealers wanting to join as well, after certain volume thresholds were met, and also cited EBS, ICAP and companies like Reuters and how he wasn't sure whether their recent respective drop in volumes was being reflected in Gain's increase in market share, and shortly after those comments the call concluded.
The company disclosed its total revenue after the market close for its first quarter of this year, and will hold a conference call in less than an hour, Forex Magnates is planning to cover it live, with this post scheduled to be updated in real-time (refreshing the article will show the latest changes).
From a Quarter-over-Quarter perspective, Q1 2014 highlights compared to prior Quarter (Q4 2014):
Net revenue of $75.8 million in Q1 2014, down from $83.0 million in Q4 2013
Net income of $1.6 million, down 62% from $4.3 million in Q4 2013
Adjusted EBITDA of $9.5 million, down 30% from $13.7 million in prior quarter
Retail OTC trading volume of $566.3 billion, up from $508.0 billion in Q4
Institutional trading volume of $1.3 trillion, up from $1.1 trillion in Q4
From a Year-over-Year perspective:
Net revenue of $75.8 million, was up 52% from $49.8 million
Net income of $1.6 million, or $0.04 per diluted share, compared with net income of $4.3 million, or $0.11 per diluted share
Adjusted net income* of $3.3 million, or $0.08 per diluted share
Adjusted EBITDA* of $9.5 million, up 27% from $7.5 million
Retail OTC trading volume of $566.3 billion, up 31% from $431.8 billion
Institutional trading volume of $1.3 trillion, up 46% from $889.9 billion
Futures contracts of 1,609,796, up 26% from 1,282,066
Total retail client assets of $805.9 million, up 76% from $456.9 million
Q1 2014 Retail and Institutional Volumes Higher Both QoQ and YoY
Despite the lower net revenue reported for Q1 the company saw higher trading volumes for the period both on a year-on-year perspective and over the prior quarter, as retail OTC rose $58.3 billion or 11% higher over Q4, as seen above, and totaled $566.3 billion for Q1 2014. Institutional volumes were also stronger reaching $1.3 trillion for the first three months, up 18% over Q4's total of $1.1 trillion, an increase of $200 billion quarter-over-quarter.
GCAP Funded Accounts and Client Assets on the Rise [Source: 2014 Q1 presentation from GCAP]
From a year-over-year perspective -which may be less important to short-term speculators of the firm's public stock- the figures reported today will also be compared for the sake of gauging the firm's direction over that time frame as well, as Q1 2013 is compared to the quarter reported today. It’s noteworthy to recall that January 2014 had started off strong for the company when compared MoM and YoY, with nearly 40% increases respectively, although net revenue wasn't sufficient enough to beat the total of the prior period as both net revenue dropped almost ten percent, and net revenue hit even harder, as shown above.
Recent Related Activity in U.S.
Recent news that could be excluded in the results, since they occurred in the second quarter, although some of which were talked about by the firm's CEO who commented in the official press release as seen below, and which could be mentioned about in the call later, include the acquisition of Galvan Research, and the green light by the CFTC for the company’s swap execution facility under the GTX SEF entity, both announced in April, and shortly after the firm's CEO cashed-in about a tenth of his stake in the company. GCAP shares were trading near $10.00 today then closed down sharply falling over 3% or 30 cents as the closing bell approached on the NYSE. GAIN's Board of Directors declared a quarterly dividend of $0.05 per share, to be paid on June 20, 2014, to shareholders of record as of June 12, 2014, as per the official press release.
Narrow Range Muted Financial Results for Q1, yet Operating Metrics Strong
Commenting in the official press release today from GCAP, the firm's CEO Glenn Stevens said, "Trading conditions in the first quarter, particularly the major currencies' narrow trading ranges, resulted in a challenging quarter for our retail OTC business, which muted our overall first quarter financial results."
Glenn Stevens, CEO, Gain Capital
Mr. Steven added in the statement, "However, our operating metrics remain strong, with trading volume, active and funded accounts, client assets and futures contracts all experiencing double-digit growth over the first quarter of 2013 and strong sequential growth. We are very pleased with our ability to continue to attract customers and provide them with world-class service, which we expect will translate into growth in our financial results when trading conditions improve," and concluded,"Our commission-based business, which includes our institutional and exchange-traded futures businesses, showed strong growth in the quarter and continue to drive our revenue diversification efforts. These complementary businesses represented 39% of our overall revenue for the quarter."
Mr. Stevens also commented regarding the recent deals the company made, and spoke about the GFT acquisition, among others, "The completed acquisitions of Global Asset Advisors and Top Third Ag Marketing and pending acquisition of Galvan Research will contribute to the further expansion of our commission-based revenue, and we expect these transactions to be accretive in 2014."
Gain's GTX Institutional Business Division Average Daily Volumes Nearing $20 billion during Q1 [Source: Q1 Earnings Presentation]
The company's futures business is growing with a 20% YoY increase in customer assets to $164 million, explained Mr. Stevens during the call. An increase in interest rates globally was expected to add to the firm's bottom line as it would create volatility, and a divergence in rates could aid to bring the carry trade back and make it more appealing, described by the firm's CEO before handing over the call to the company's CFO, Jason Emerson who spoke about cost-savings initiatives underway and which are expected to save the company several tens of millions during 2014.
These cost savings were connected to the GFT [acquisition] related synergistic effects, and the consolidation of offices in the U.K and Japan, as subsequently explained in response to an analyst's question, during the call. Mr. Steven replied to a different analyst explaining how the momentum in growing volumes, helping the company acquire market share is causing a chain reaction where the momentum begets momentum, and dealers wanting to join as well, after certain volume thresholds were met, and also cited EBS, ICAP and companies like Reuters and how he wasn't sure whether their recent respective drop in volumes was being reflected in Gain's increase in market share, and shortly after those comments the call concluded.
Retail Trading & Prop Firms in 2025: Five Defining Trends - And One Prediction for 2026
Featured Videos
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
![GCAP funded accounts and client assets on the rise [source: 2014 Q1 presentation from GCAP]](https://www.financemagnates.com/wp-content/uploads/fxmag/2014/05/GCAPq1-2014-262x300.jpg)
![Gain's GTX institutional busiss division average daily volumes nearing $20 billion during Q1 [source: Q1 earnings presentation]](https://www.financemagnates.com/wp-content/uploads/fxmag/2014/05/GTX1-300x193.jpg)
