EFIX a Polish brokerage firm offering FX, CFDs and equities through GFT's Deal Book platform has gone public on the alternative market. The firm stars trading today on NewConnect, trading at 10 Zloty a share.
Poland, one of Europe’s most sophisticated and established centres for FX and CFD trading has seen its domestic firms flourish over the last five years. EFIX Dom Maklerski, a Polish brokerage firm (introducing broker to GFT) has successfully listed itself on Poland's alternative stock market, NewConnect. The firm will commence trading from the 21st of August.
In a notice on the NewConnect website the terms of the issue were provided: “the WSE Management Board resolves to introduce to the alternative trading system on the New Connect 40,000 (forty thousand) shares of series G shares EFIX brokerage SA with a nominal value of 10 zł (ten) each."
NewConnect is Poland's alternative market for smaller companies looking for flexible conditions, NewConnect is classified as an Alternative Trading System. It offers firms lower costs (to float), simplified entrance criteria and limited reporting requirements.
New Connect was established in 2007; currently there are 447 listed firms. The alternative market which is based on the UK’s AIM has seen modest growth figures, the total trading volume in July 2013 on NewConnect saw an increase of 69.2%, from figures reported in 2012 in July, the exchange recorded US $29 million up from $17 million in 2012 for the same month.
EFIX was established in 2002 during the plight of the e-trading revolution. The firm has been an active participant in both domestic and international markets. The firms listing highlights the growth opportunities present in Eastern Europe’s most populous country.
Polish retail investors contribute significantly to trading volume in the domestic market. The exchange, since its inception post-communist break up, has been carrying out extensive education programmes to encourage participation in the financial markets.
Tomasz Maczka, Director of Sales Department at Noble Securities a full service financial services firm offering MT4 commented to Forex Magnates about the hunger individual investors have to trade in Poland, he said “Individual investors in Poland are known for being rather active traders on the Warsaw Stock Exchange. However, during last 3-4 years, due to lower volatility on the stock exchange and bear market, they have became more interested in alternative investment opportunities with currency markets among them. In addition, the Polish Zloty has experienced periods of strong volatility against the Euro Dollar or Swiss Franc, therefore this intense volatility has opened up new opportunities for traders.”
The latest development clearly differentiates Poland from its peers such as Turkey and Germany this should give confidence to local firms and the industry at large that the broking sector has a lot of potential. We expect Poland to spearhead the continued growth in FX and more firms to go for IPO in gets coming 18 months.
The only way is public
TMS Brokers, a Polish FX & CFD broker went public on NewConnect in 2011, before the issuing, its shares were trading at PLN 61, in the first week of going public the broker saw its share price reach PLN 79.90 an increase of over 30%.
Recently, Plus500 a FX and CFD broker was listed in London, the firm managed to raise $75 million, higher than their initial target.
On a another positive note, the two FX giants FXCM and Gain Capital both saw their share price rise on the back of strong operating metrics, the duet hit new 52 week highs in this August, FXCM reached $19.24 and Gain traded at $7.85.
Poland, one of Europe’s most sophisticated and established centres for FX and CFD trading has seen its domestic firms flourish over the last five years. EFIX Dom Maklerski, a Polish brokerage firm (introducing broker to GFT) has successfully listed itself on Poland's alternative stock market, NewConnect. The firm will commence trading from the 21st of August.
In a notice on the NewConnect website the terms of the issue were provided: “the WSE Management Board resolves to introduce to the alternative trading system on the New Connect 40,000 (forty thousand) shares of series G shares EFIX brokerage SA with a nominal value of 10 zł (ten) each."
NewConnect is Poland's alternative market for smaller companies looking for flexible conditions, NewConnect is classified as an Alternative Trading System. It offers firms lower costs (to float), simplified entrance criteria and limited reporting requirements.
New Connect was established in 2007; currently there are 447 listed firms. The alternative market which is based on the UK’s AIM has seen modest growth figures, the total trading volume in July 2013 on NewConnect saw an increase of 69.2%, from figures reported in 2012 in July, the exchange recorded US $29 million up from $17 million in 2012 for the same month.
EFIX was established in 2002 during the plight of the e-trading revolution. The firm has been an active participant in both domestic and international markets. The firms listing highlights the growth opportunities present in Eastern Europe’s most populous country.
Polish retail investors contribute significantly to trading volume in the domestic market. The exchange, since its inception post-communist break up, has been carrying out extensive education programmes to encourage participation in the financial markets.
Tomasz Maczka, Director of Sales Department at Noble Securities a full service financial services firm offering MT4 commented to Forex Magnates about the hunger individual investors have to trade in Poland, he said “Individual investors in Poland are known for being rather active traders on the Warsaw Stock Exchange. However, during last 3-4 years, due to lower volatility on the stock exchange and bear market, they have became more interested in alternative investment opportunities with currency markets among them. In addition, the Polish Zloty has experienced periods of strong volatility against the Euro Dollar or Swiss Franc, therefore this intense volatility has opened up new opportunities for traders.”
The latest development clearly differentiates Poland from its peers such as Turkey and Germany this should give confidence to local firms and the industry at large that the broking sector has a lot of potential. We expect Poland to spearhead the continued growth in FX and more firms to go for IPO in gets coming 18 months.
The only way is public
TMS Brokers, a Polish FX & CFD broker went public on NewConnect in 2011, before the issuing, its shares were trading at PLN 61, in the first week of going public the broker saw its share price reach PLN 79.90 an increase of over 30%.
Recently, Plus500 a FX and CFD broker was listed in London, the firm managed to raise $75 million, higher than their initial target.
On a another positive note, the two FX giants FXCM and Gain Capital both saw their share price rise on the back of strong operating metrics, the duet hit new 52 week highs in this August, FXCM reached $19.24 and Gain traded at $7.85.
FMAS:24 has kicked off and its now bigger and better.
FMAS:24 has kicked off and its now bigger and better.
FMAS:24 has kicked off and its now bigger and better.
FMAS:24 has kicked off and its now bigger and better.
FMAS:24 has kicked off and its now bigger and better.
FMAS:24 has kicked off and its now bigger and better.
We've Kicked Off Finance Magnates Africa Summit 2024! 🎉 #FMAS #FMAS24 #FMevents #FinanceMagnates
We've Kicked Off Finance Magnates Africa Summit 2024! 🎉 #FMAS #FMAS24 #FMevents #FinanceMagnates
We've Kicked Off Finance Magnates Africa Summit 2024! 🎉 #FMAS #FMAS24 #FMevents #FinanceMagnates
We've Kicked Off Finance Magnates Africa Summit 2024! 🎉 #FMAS #FMAS24 #FMevents #FinanceMagnates
We've Kicked Off Finance Magnates Africa Summit 2024! 🎉 #FMAS #FMAS24 #FMevents #FinanceMagnates
We've Kicked Off Finance Magnates Africa Summit 2024! 🎉 #FMAS #FMAS24 #FMevents #FinanceMagnates
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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