Swissquote revenues fall 3% in 2H-2020, profits off 19%
Swissquote’s eForex trading volumes decreased slightly to average $113 billion per month from July to December 2020.
Swissquote’s eForex trading volumes decreased slightly to average $113 billion per month from July to December 2020.
Swissquote shares had been trading up sharply during the first two weeks of January ahead of the company’s announcement.
Swissquote registered total net revenues of CHF 315 million and a pre-tax profit above CHF 105 million, exceeding forecasts.
A number of online brokers are looking to use their existing infrastructure (and financial licenses) and diversify into other areas.
The agreement enables Swissquote’s global FX business to continue leveraging the full depth of Integral’s technology offering
Swissquote and PostFinance plan to launch a joint digital banking app and have signed a letter of intent.