Swissquote FX volumes rise 200% to $85 billion / mo in Q4 following MIG Bank acquisition LeapRate

March 04, 2014 BY Gerald Segal

Swissquote FX volumes rise 200% to $85 billion / mo in Q4 following MIG Bank acquisition

Revenues growing steadily, with the bottom line subdued due to one-off costs related to the acquisition, shares drop 4% Since the official takeover of MIG Bank back in September 2013, FX trading volumes have increased their share of revenues drastically. Trading volumes at Swissquote after the acquisition have risen by a whopping 200.9% to CHF…

December 10, 2013 BY Gerald Segal

Swissquote closes MIG Bank merger today

Most MIG Bank employees are relocating to Swisquote's Gland HQ, clients moved over too. LeapRate Exclusive... LeapRate has learned that leading Swiss online trading firm Swissquote has formally closed today on its $70 million acquisition of MIG Bank. As both firms are licensed Swiss banks, and are also regulated elsewhere (UK, Hong Kong, and Dubai),…

November 05, 2013 BY Gerald Segal

Swissquote acquisition of MIG Bank – $70 million

MIG Bank brand will disappear, as Swissquote (SWX:SQN) Q3 report provides more insight into the acquisition of its Swiss rival. Leading Swiss online broker Swissquote has reported its Q3 financials, which showed a relatively slow but profitable Q3 (more on that later). However the interesting part of the report shed more light on Swissquote's acquisition of…

Tag: Swissquote MIG Bank