FXPRIMUS, the fully registered brokerage in both New Zealand and Mauritius capped off a stellar Q3 by processing $40.02B notional in client transactions during September 2014. This represented a 130% increase in volume from September 2013 and was a record month for the 5 year old retail broker from Mauritius. Despite a challenging environment in the first half of the year, the company is excited to produce volume results for the time. To that note, overall volumes through Q3 are still up 25% year over year compared to 2013 according to an official press release from the company. In a move to optimize it’s brokerage, just last week FX technology provider Leverate signed a deal with FXPRIMUS to bring the Sirix web platform on board.
President of FXPRIMUS, Mr. Terry Thompson commented of the positive developments: “I’m obviously pleased by the significant increase in volumes, specifically in September. Throughout 2014 we have consistently established new benchmarks in terms of client deposits, new funded accounts, and active traders on our platform just to name a few. Its nice to see that volatility is creeping back into the market, and our clients are able to put their money to work, and the new participants have a reason to be active.”
Thompson continued, “In just Q3 alone we averaged roughly $10M in monthly deposits and 1,300 new funded accounts per month. As our focus historically has been South Eastern Asia, we’re starting to make some very nice progress in other countries in the East as well and this is being displayed by our metrics going through the roof…”
On the outlook for the rest of the year, Thompson noted, “We’ve secured new key relationships with some sizable introducing brokers (IB’s) and money managers. We have always treated our IB’s and money managers very well, and have never taken them for granted. We have IB’s & money managers that have been with us the entire 5+ years we have existed, because they know we compensate them well and we don’t play games which unfortunately hurt IB’s elsewhere in the industry.”
Thompson finished, “In addition, we’ve signed on a few vendors such as Leverate to utilize their Sirix social trading platform and have invested a great deal in improving our infrastructure in order to give our clients the best trading experience possible regardless of where they are trading. So all in all, I’m very bullish both on the FX market as a whole going forward and of course FXPRIMUS. We feel we’ve worked very hard as a company to be able to provide our clients the very best of the best in all facets of this business, and consider ourselves very fortunate to be in the position we are in right now.”