In November
2023, the publicly listed XTB surpassed 200,000 open accounts within the Polish inventory trade,
changing into the third-largest brokerage home in its house nation. This milestone
implies that one in 4 of the 847,000 accounts managed by this fintech firm worldwide belongs to shoppers from the biggest economic system in Central and Jap Europe
(CEE).
The information of
XTB’s vital milestone within the Polish market was first reported final Friday
and confirmed on Monday by information from the Nationwide Depository for Securities
(KDPW). In November, XTB acquired almost 14,000 new shoppers, additionally marking a
vital improve of 74,000 shoppers in comparison with the earlier 12 months.
This speedy retail
merchants accumulation makes XTB not solely the third-largest brokerage home in
Poland (trailing the second, BM Pekao, by solely 4,000 accounts) but in addition the
agency that’s gaining new shoppers most dynamically. 78% of all new accounts
opened in Poland in November belonged to XTB, in comparison with 62% from the earlier
12 months.
|
Place |
Firm |
Variety of accounts (Nov 2023) |
MoM change |
Yoy change |
|
1 |
mBank S.A. Biuro Maklerskie |
431 053 |
1 649 |
15 942 |
|
2 |
BM Pekao |
205 523 |
-176 |
1 105 |
|
3 |
XTB S.A. |
201 056 |
13 797 |
74 386 |
|
4 |
ING Financial institution Śląski S.A. Biuro Maklerskie |
183 778 |
379 |
6 087 |
|
5 |
BM PKO BP |
152 096 |
402 |
3 657 |
„We now have
merchandise for each lively traders and people preferring passive methods.
Due to this fact, our rising place within the inventory market is a pure improvement,”
Omar Arnaout, the CEO of XTB, commented for Finance Magnates.
The market
responded shortly to this information, with XTB’s shares on the Warsaw Inventory Change
rising by as much as 7% in two days, reaching their highest ranges since
mid-August, which is a four-month excessive.
XTB shares on the WSE. Supply: Tradingview.com
Arnaout
attributes a part of this dynamic enlargement to introducing passive
options to their choices, which embody curiosity on idle shopper deposits
and “funding plans” based mostly on ETFs.
„XTB is a
one-stop-shop for each investor keen to take investments in his personal palms,”
Arnaout added.
Poland,
XTB’s nation of origin, is a major a part of the dealer’s choices and
revenues. Roughly 25% of the 847,000 shoppers served globally by XTB are
from this CEE nation.
Affect of the New AI
Division on Revenues
On the finish
of November, XTB introduced the launch of a new synthetic intelligence (AI)
division, headed by Tomasz Gawron. This AI crew is liable for creating
options that help the enterprise operations and buying and selling platforms of the publicly
listed firm.
As well as
to new passive merchandise, AI options are anticipated to assist preserve XTB’s excessive
momentum in buying new shoppers and in addition enhance revenues, which noticed a 29% drop
within the third quarter on account of reducing market volatility .
„Our essential
purpose is to make sure that the XTB funding app presents the widest potential vary
of funding merchandise along with the very best stage of expertise,” Arnaout
concluded.
In November
2023, the publicly listed XTB surpassed 200,000 open accounts within the Polish inventory trade,
changing into the third-largest brokerage home in its house nation. This milestone
implies that one in 4 of the 847,000 accounts managed by this fintech firm worldwide belongs to shoppers from the biggest economic system in Central and Jap Europe
(CEE).
The information of
XTB’s vital milestone within the Polish market was first reported final Friday
and confirmed on Monday by information from the Nationwide Depository for Securities
(KDPW). In November, XTB acquired almost 14,000 new shoppers, additionally marking a
vital improve of 74,000 shoppers in comparison with the earlier 12 months.
This speedy retail
merchants accumulation makes XTB not solely the third-largest brokerage home in
Poland (trailing the second, BM Pekao, by solely 4,000 accounts) but in addition the
agency that’s gaining new shoppers most dynamically. 78% of all new accounts
opened in Poland in November belonged to XTB, in comparison with 62% from the earlier
12 months.
|
Place |
Firm |
Variety of accounts (Nov 2023) |
MoM change |
Yoy change |
|
1 |
mBank S.A. Biuro Maklerskie |
431 053 |
1 649 |
15 942 |
|
2 |
BM Pekao |
205 523 |
-176 |
1 105 |
|
3 |
XTB S.A. |
201 056 |
13 797 |
74 386 |
|
4 |
ING Financial institution Śląski S.A. Biuro Maklerskie |
183 778 |
379 |
6 087 |
|
5 |
BM PKO BP |
152 096 |
402 |
3 657 |
„We now have
merchandise for each lively traders and people preferring passive methods.
Due to this fact, our rising place within the inventory market is a pure improvement,”
Omar Arnaout, the CEO of XTB, commented for Finance Magnates.
The market
responded shortly to this information, with XTB’s shares on the Warsaw Inventory Change
rising by as much as 7% in two days, reaching their highest ranges since
mid-August, which is a four-month excessive.
XTB shares on the WSE. Supply: Tradingview.com
Arnaout
attributes a part of this dynamic enlargement to introducing passive
options to their choices, which embody curiosity on idle shopper deposits
and “funding plans” based mostly on ETFs.
„XTB is a
one-stop-shop for each investor keen to take investments in his personal palms,”
Arnaout added.
Poland,
XTB’s nation of origin, is a major a part of the dealer’s choices and
revenues. Roughly 25% of the 847,000 shoppers served globally by XTB are
from this CEE nation.
Affect of the New AI
Division on Revenues
On the finish
of November, XTB introduced the launch of a new synthetic intelligence (AI)
division, headed by Tomasz Gawron. This AI crew is liable for creating
options that help the enterprise operations and buying and selling platforms of the publicly
listed firm.
As well as
to new passive merchandise, AI options are anticipated to assist preserve XTB’s excessive
momentum in buying new shoppers and in addition enhance revenues, which noticed a 29% drop
within the third quarter on account of reducing market volatility .
„Our essential
purpose is to make sure that the XTB funding app presents the widest potential vary
of funding merchandise along with the very best stage of expertise,” Arnaout
concluded.
