Swissquote Bank Reports Strong Performance for 1st half of 2013, Profits up 19%
Friday,26/07/2013|07:44GMTby
Adil Siddiqui
Swiss based FX broker continues the trend of positive earnings for 2013 as it reports strong performance from a year earlier. Swissquote banks revenue's up by 5% and profit up by 19%.
Leading Swiss based FX bank, Swissquote, has announced promising results for the fist half of 2013. The news comes in line with market expectations of an improved business environment in 2013.
Key metrics
Total net reveue up by 5.1%
Net profit up by 19.2%
New accounts up by 2.3%
The bank witnessed an increase in total net revenues, the main contributors were; net fees, commission, FX and trading income. In the first 6 months of the year total net revenues were CHF 60.2 million (US $64.8 million) an increase from CHF 57.3 million year on year.
The firm reported positive trading commission, which comes on the back of an upturn in trading activity, to CHF 30 million an increase of 13% YoY. Income from Forex trading was also in the positive, the bank earned CHF 22.4 million an increase of 4% from last years figure of CHF 21.9 million.
Of the total number of accounts at the bank, there are 11,169 eForex accounts an increase from 10,542 that were held in the previous year, client assets are at CHF 87.2 million for Forex, a significant decrease from CHF 136.2 million in 2012.
Overall the bank has seen earnings in line with those of 2012, with operating expenses, Pre-tax profit and earnings per share all at adequte levels.
Branching out
Emerging market currencies have been on the radar for traders as they look to diversify and explore new opportunities. Swissquote bank was one of the first Swiss FX players to launch EM currencies earlier this month. The launch of the USD INR will be of particular interest to the banks Dubai operation that offers a competing contract to the currency future offered by Dubai's main commodity bourse, the INR USD.
The banks share price is trading in the positive in Switzerland at 29.80 CHF.
Switzerland, was regarded as the place to do business for the rich and affluent, the country attracted wealth from across the globe, prior to the regulations that affected FX brokers the country was home to several firms offering trading in the popular FX markets, however since the new regulations were announced Switzerland has been slow to deem itself as an ideal destination for firms to set up and offer their services from.
Swissquote bank is accompanied by Dukascopy and MIG Bank.
Leading Swiss based FX bank, Swissquote, has announced promising results for the fist half of 2013. The news comes in line with market expectations of an improved business environment in 2013.
Key metrics
Total net reveue up by 5.1%
Net profit up by 19.2%
New accounts up by 2.3%
The bank witnessed an increase in total net revenues, the main contributors were; net fees, commission, FX and trading income. In the first 6 months of the year total net revenues were CHF 60.2 million (US $64.8 million) an increase from CHF 57.3 million year on year.
The firm reported positive trading commission, which comes on the back of an upturn in trading activity, to CHF 30 million an increase of 13% YoY. Income from Forex trading was also in the positive, the bank earned CHF 22.4 million an increase of 4% from last years figure of CHF 21.9 million.
Of the total number of accounts at the bank, there are 11,169 eForex accounts an increase from 10,542 that were held in the previous year, client assets are at CHF 87.2 million for Forex, a significant decrease from CHF 136.2 million in 2012.
Overall the bank has seen earnings in line with those of 2012, with operating expenses, Pre-tax profit and earnings per share all at adequte levels.
Branching out
Emerging market currencies have been on the radar for traders as they look to diversify and explore new opportunities. Swissquote bank was one of the first Swiss FX players to launch EM currencies earlier this month. The launch of the USD INR will be of particular interest to the banks Dubai operation that offers a competing contract to the currency future offered by Dubai's main commodity bourse, the INR USD.
The banks share price is trading in the positive in Switzerland at 29.80 CHF.
Switzerland, was regarded as the place to do business for the rich and affluent, the country attracted wealth from across the globe, prior to the regulations that affected FX brokers the country was home to several firms offering trading in the popular FX markets, however since the new regulations were announced Switzerland has been slow to deem itself as an ideal destination for firms to set up and offer their services from.
Swissquote bank is accompanied by Dukascopy and MIG Bank.
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
Liquidity as a Business: How Brokers Can Earn More
Liquidity as a Business: How Brokers Can Earn More
This webinar will focuses on how brokers can create new revenue streams by launching or enhancing their liquidity business.
John Murillo, Chief Dealing Officer of the B2BROKER group, covers how:
- Retail brokers can launch their own B2B arm to distribute liquidity and boost profitability.
- Institutional brokers can upgrade their liquidity offering and strengthen their market position.
- New entrants can start from scratch and become liquidity providers through a ready-made turnkey solution.
Hosted by B2BROKER, a global fintech provider of liquidity and technology solutions, the session will reveal how to monetize liquidity, accelerate business growth, and increase profitability using the Liquidity Provider Turnkey solution.
📣 Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: / https://www.linkedin.com/company/financemagnates/
👍 Facebook: / https://www.facebook.com/financemagnates/
📸 Instagram: / https://www.instagram.com/financemagnates_official/?hl=en
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemag...
▶️ YouTube: / @financemagnates_official
This webinar will focuses on how brokers can create new revenue streams by launching or enhancing their liquidity business.
John Murillo, Chief Dealing Officer of the B2BROKER group, covers how:
- Retail brokers can launch their own B2B arm to distribute liquidity and boost profitability.
- Institutional brokers can upgrade their liquidity offering and strengthen their market position.
- New entrants can start from scratch and become liquidity providers through a ready-made turnkey solution.
Hosted by B2BROKER, a global fintech provider of liquidity and technology solutions, the session will reveal how to monetize liquidity, accelerate business growth, and increase profitability using the Liquidity Provider Turnkey solution.
📣 Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: / https://www.linkedin.com/company/financemagnates/
👍 Facebook: / https://www.facebook.com/financemagnates/
📸 Instagram: / https://www.instagram.com/financemagnates_official/?hl=en
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemag...
▶️ YouTube: / @financemagnates_official
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
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.
