Tickmill Reports Record-Breaking Trading Volumes in October
- For nine out of the past ten months, the Group has reported a trading volume of more than $100 billion.
Tickmill, a Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and contract for difference (CFD) broker, continues to produce impressive results as the firm announced today that it has achieved record-breaking Group consolidated trading volumes for October 2018.
October, which is now the firm’s most successful month since its establishment, achieved a trading volume of $145.53 billion. Not only is this higher than September’s volume of $117.7 billion, which until today had reported the highest trading volume, but it was also a jump of 23 percent.
For nine out of the past ten months, the Group has reported a monthly trading volume of more than $100 billion. The total trading volume for the nine months ended September 30, 2018, was recorded at $966.7 billion.
Ingmar Mattus
Source: LinkedIn
Commenting on the solid results, Ingmar Mattus, Executive Director of Tickmill Group Ltd said: “the $145.53 billion in trading volume sets a precedent for the Group and allows us to come closer to what we have previously described as the next logical milestone for the company – the $200 billion in trading volume. On that note, we would also like to thank our clients for trusting and choosing Tickmill as their broker.”
Is Tickmill Benefitting from FX Market Consolidation?
The Chief Financial Officer of Tickmill UK, Illimar Mattus, said that he believed the results were a clear sign of consolidation shaping the forex industry. With small brokers struggling under the weight of regulation, Mattus believes that traders are shifting to well-establish brokerage firms with recognisable brands and solid capital bases.
Illimar Mattus
Source: LinkedIn
“This is partially the reason why we are seeing a consistent growth in our business metrics. In order to bolster our footprint in our target markets and shift the focus towards larger and more sophisticated traders, existing shareholders injected an additional £2.0 million into the share capital of Tickmill UK Ltd in October, which despite Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term concerns will remain our main European hub of operations,” he added.
Tickmill, a Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and contract for difference (CFD) broker, continues to produce impressive results as the firm announced today that it has achieved record-breaking Group consolidated trading volumes for October 2018.
October, which is now the firm’s most successful month since its establishment, achieved a trading volume of $145.53 billion. Not only is this higher than September’s volume of $117.7 billion, which until today had reported the highest trading volume, but it was also a jump of 23 percent.
For nine out of the past ten months, the Group has reported a monthly trading volume of more than $100 billion. The total trading volume for the nine months ended September 30, 2018, was recorded at $966.7 billion.
Ingmar Mattus
Source: LinkedIn
Commenting on the solid results, Ingmar Mattus, Executive Director of Tickmill Group Ltd said: “the $145.53 billion in trading volume sets a precedent for the Group and allows us to come closer to what we have previously described as the next logical milestone for the company – the $200 billion in trading volume. On that note, we would also like to thank our clients for trusting and choosing Tickmill as their broker.”
Is Tickmill Benefitting from FX Market Consolidation?
The Chief Financial Officer of Tickmill UK, Illimar Mattus, said that he believed the results were a clear sign of consolidation shaping the forex industry. With small brokers struggling under the weight of regulation, Mattus believes that traders are shifting to well-establish brokerage firms with recognisable brands and solid capital bases.
Illimar Mattus
Source: LinkedIn
“This is partially the reason why we are seeing a consistent growth in our business metrics. In order to bolster our footprint in our target markets and shift the focus towards larger and more sophisticated traders, existing shareholders injected an additional £2.0 million into the share capital of Tickmill UK Ltd in October, which despite Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term concerns will remain our main European hub of operations,” he added.