Swissquote Opens Stock Market-like Bar and Restaurant in Zurich

Just in time for everyone sick of financial markets and pandemic concerns, Swissquote Group is trying to refresh its staff with a Wall Street-themed restaurant and public bar in the heart of Zurich.

What is the price of a cup of beer at ‘Insider Bar’? Switzerland’s provider of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term services says, let the market decide.

Here is how it works: prices for food and beverages will fluctuate like stock prices. A rush on a particular drink or meal would increase its price, and cause other alternatives to drop.

Insider Bar has a ticker tape flashing menu prices in red letters as changes in supply and demand force them to fluctuate, depending on what is popular at the moment. So if one drink is in heavy demand, its price will rise, causing the cost of other equivalent drinks to drop.

“The Insider Bar is the demonstration that Swissquote is more than a bank. Swissquote is a community of people who value technology (hope you like the cocktail robot), great client service, unique quality products and good value for money. Whether it is lunch, aperitivo or apericena, Insider bar offers everything you desire,” said Jan De Schepper, Chief Sales and Marketing Officer at Swissquote.

This bar creates the atmosphere of a trading floor, but if you are not interested you could just eat and drink what you want, which is probably what will happen.

Swissquote Had a Successful Year

Jokes aside, Swissquote has been looking to diversify its suite of tradable options by adding new CFDs on top of Asian stock indices to its Advanced Trader and Metatrader platforms.

Additionally, Swissquote’s FX platforms allow users to trade on the movements of all the main European and American stock indices, as well as Japan’s. Most of these CFDs are available both as forward contracts with an expiration date or spot/synthetic instruments (no expiration date, overnight rollover/swap interest applies).

Swissquote reported in August solid results for H1 2020. This was supported by strong trading volumes as momentum created by the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term pandemic resulted in an influx of new clients.

The company managed to increase net revenues by more than 43 percent in the first half of this year, compared to 2019 and pre-tax profits by a whopping 133 percent year-over-year.

As such, the Swiss online broker also drastically revised its outlook of the full year in an upward direction and now expects pre-tax profits of CHF 100 million and revenue of CHF 300 million in 2020.