Tickmill, a forex and contract for difference (CFD) broker, continues to produce 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 per cent.
For nine out of the past 10 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.
Source: LinkedIn
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 . 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.
Source: LinkedIn
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