XTB Group posts big January Profits - Going Strong After the Swiss National Bank Announcement
London, UK (PRWEB UK) 19 January 2015 -- During the last week, after the shock Swiss Central Bank (SNB) announcement to abandon its minimum exchange rate policy, XTB Group has improved its January's financial results, making the month one of the most profitable in the last six month period. The Group's net profit for the last six months, including January's 2015 forecast, should exceed 15M euros, out of which 15% has been realized by its institutional arm, X Open Hub (XOH), an institutional technology and liquidity provider.
There are several reasons why the XTB Group went through Swiss tsunami stronger than before:
The intelligent XOH's risk management technology, which allows adjustment of the open positions to company's risk averse profile, is one of the reasons.
Conservative leverage management is another. The average leverage offered by XTB is 1:100, which is decreased by the increase of client's deposits. What is more, XTB has been able to apply its advanced risk strategy on the CHF currency pairs a few months prior to the SNB announcement.
And finally, the major open position before the SNB announcement was long CHFPLN, which contributed significantly to January's results.
XTB is currently actively looking for acquisitions or joint ventures to extend its client base and geographical reach.
About XTB
XTB is a retail Forex and CFD trading provider based in 10 countries globally, including London, England. XTB provides traders with an all-in-one trading solution for its clients, as well as offering extensive research and education, free of charge. XTB Limited is authorised and regulated by the UK Financial Conduct Authority (FRN 522157) with its registered and trading office at 7th Floor, 29 Marylebone Road, London, NW1 5JX, United Kingdom (company number 07227848).
For further information about XTB, please visit: http://www.xtb.co.uk/
Tom Roberts, XTB, +44 20 3695 3088, [email protected]
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