Charterprime Announces Q4 2016 Trading Statistics
Sydney, Australia, January 30, 2017 (Newswire.com) - Charterprime is an international financial group specialising in the brokerage of financial products and foreign exchange. In an effort to increase stakeholder engagement and transparency, Charterprime has committed to releasing regular performance statistics for its business henceforth and has detailed its Q4 2016 trading statistics.
2016 was a record year for Charterprime. For the last quarter of 2016 (Q4) alone, the retail trading volume in Charterprime reached USD$59.6billion*, which was higher than the projected retail trading volume of $50 billion. Charterprime foresees trading volumes to grow 30% in 2017 with its increased efforts in client acquisition and new product development.
"The release of these performance statistics is one of our initiatives to increase transparency, as well as confidence in our business. We will continue to release such statistics and hope to display our commitment in improving our business through such efforts."
Simon Stephen and Mathew Tate, Managing Partners
In 2016, Charterprime has not only formed partnerships with Tune Group and other institutional investors, but has also seen a huge increase in support from retail investors and traders. Charterprime executed close to 6 million trades throughout the year (or, an average of 1.5 million trades per quarter). The robust growth prompted expansion and hiring, as well as the setup of two new offices which will soon be operating in the Asian region.
Simon Stephen and Mathew Tate, the managing partners of Charterprime commented:
“The release of these performance statistics is one of our initiatives to increase transparency, as well as confidence in our business. We will continue to release such statistics and hope to display our commitment in improving our business through such efforts.”
* This figure refers only to retail trading volumes and is not a full representation of total trading volume.
Notes to Media
About Charterprime
Charterprime is an international financial group specialising in the brokerage of financial products and foreign exchange. The company’s objective is to maintain its award-winning Over The Counter derivatives offering and continue its expansion throughout the Asia Pacific region. Charterprime will focus on upholding its reputation as a transparent and trustworthy provider as it grows its financial services offering and global reach.
For further information about Charterprime, kindly visit http://www.charterprime.com
For more information, please contact:
JL Tan
Charterprime (Head of Marketing)
Source: Charterprime
