KVB Kunlun Reports Q3 2015 Operating Metrics, FX Income Explodes
- KVB Kunlun reported a leveraged FX trading income of $17.27 million, or 224.1% YoY jump from $5.33 million in Q3 2014.
KVB Kunlun Financial Group Limited has reported its financial metrics for Q3, ending September 30, 2015, which showed an outperformance in the group’s leveraged foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) trading income YoY, according to a KVB Kunlun statement.
For Q3 ending September 30, 2015, KVB Kunlun revealed an unaudited leveraged FX trading income of $17.27 million (133.9 million HK$), which represents a staunch rise of 224.1% YoY from just $5.33 million (41.3 million HK$) in Q3 of the 2014 year.
In addition, KVB Kunlun also saw a large surge across its total expenses, which came in at $12.41 million (96.2 million HK$) in Q3 2015. This was reflective of an outperformance of 187.6% YoY from just $4.32 million (33.4 million HK$) in Q3 2014.
Rising in tandem with the other metrics were KVB Kunlun’s operating profits in Q3 2015. The group reported an unaudited operating profit of $7.88 million (61.1 million HK$) in Q3 2015, up 125.5% YoY from just $3.50 million (27.1 million HK$) in Q3 2014.
Finally, the group’s total profit for Q3 2015 yielded a figure of $5.06 million (39.2 million HK$), justifying a move of 95.0% YoY from $2.59 million (20.1 million HK$) in Q3 2014.
The rampant growth in key metrics were the result of a resurgence in Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in financial markets, relative to their 2014 counterparts. Simultaneously, commodity prices had found themselves under siege due to growth concerns in China, with the Chinese Central Bank’s exchange rate alteration adding to high volumes.
During Q3 2015, the EUR/USD and XAU/USD pairs were KVB Kunlun’s most popular, followed by the GBP/USD, AUD/USD, and CHINA300.
Last month, CITIC Securities (SHA: 600030), China’s largest investment bank, reported its Q3 2015 operating metrics, with net earnings of $550 million (3.52 billion yuan), a 54% improvement on the year. Earlier this year, KVB Kunlun was acquired by CITIC Securities.
KVB Kunlun Financial Group Limited has reported its financial metrics for Q3, ending September 30, 2015, which showed an outperformance in the group’s leveraged foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) trading income YoY, according to a KVB Kunlun statement.
For Q3 ending September 30, 2015, KVB Kunlun revealed an unaudited leveraged FX trading income of $17.27 million (133.9 million HK$), which represents a staunch rise of 224.1% YoY from just $5.33 million (41.3 million HK$) in Q3 of the 2014 year.
In addition, KVB Kunlun also saw a large surge across its total expenses, which came in at $12.41 million (96.2 million HK$) in Q3 2015. This was reflective of an outperformance of 187.6% YoY from just $4.32 million (33.4 million HK$) in Q3 2014.
Rising in tandem with the other metrics were KVB Kunlun’s operating profits in Q3 2015. The group reported an unaudited operating profit of $7.88 million (61.1 million HK$) in Q3 2015, up 125.5% YoY from just $3.50 million (27.1 million HK$) in Q3 2014.
Finally, the group’s total profit for Q3 2015 yielded a figure of $5.06 million (39.2 million HK$), justifying a move of 95.0% YoY from $2.59 million (20.1 million HK$) in Q3 2014.
The rampant growth in key metrics were the result of a resurgence in Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in financial markets, relative to their 2014 counterparts. Simultaneously, commodity prices had found themselves under siege due to growth concerns in China, with the Chinese Central Bank’s exchange rate alteration adding to high volumes.
During Q3 2015, the EUR/USD and XAU/USD pairs were KVB Kunlun’s most popular, followed by the GBP/USD, AUD/USD, and CHINA300.
Last month, CITIC Securities (SHA: 600030), China’s largest investment bank, reported its Q3 2015 operating metrics, with net earnings of $550 million (3.52 billion yuan), a 54% improvement on the year. Earlier this year, KVB Kunlun was acquired by CITIC Securities.