HFT Brokers covers activities foreksową Banker

After the fiasco over the attempted sale of XTB customer base foreksowych, HFT has decided to close its activities in this area.

- a Gradual change, regulatory, legislative capital requirements, which oblige to keep the house maklerskiemu very high equity (ensuring growth of volume of transactions) contribute to the fact that HFT Brokers, we had to make a choice of the future, efficient network development, – stated in the message HFT.

For currency with HFT you can play up to 30 November 2016. – The basis for the decision was the following analysis: from January until September 2016 in line Forex we have implemented a revenue level of about 2 million rubles from kapitałami at around UAH 5 million. According to our analysis, to develop proposals Forex in 2017 will mean the need to increase the share capital for the sum about 40 million roubles”, – adds the broker.

HFT focus now on these legs of business that do not require large capital. The broker notes that providing stocks, bonds, investment funds have achieved this year to 11 million PLN income and able to multiply this result without additional capital.

I Should add that acquiring customers HFT was interested X-Trade Brokers. The negotiations were adopted on 7 October, however, the parties do not agree on the terms of a potential transaction. XTB yesterday reported that retreated from the conversation. Some time earlier the company released preliminary financial results, from which it follows that its quarterly revenues fell year-on-year by 92%.

For real customers HFT important information is that regardless of the conclusion of the negotiations with XTB, the company is negotiating with potential partners who could take on the portfolio of clients foreksowych HFT. The company said, however, that is not able to guarantee that such negotiations will be successful. HFT provides its customers with the message: “our main goal for the coming weeks is to provide services at the same level, our Clients appreciate it, keeping in HFT Brokers its position by making a Deposit and withdrawals as usual. In other words – before the end of November we are working in the same way, and any information about the negotiations will be published on this website as a priority.”

HFT is not the first company, which recently quit the Forex market. In late August, information on the adoption of such a step presented PKO BP. – Conducted analysis showed that for the Brokerage of PKO Bank Polski recommended concentration of activities in the field of standardized securities market and the growth of services, as well as through the use of existing competitive advantages in the field of quality customer service and a broad range of services – explains then the PQS. In 2015, after only a little more than a year “adventure” with foreksem, this left the market ING Securities. And Saxobank in the middle of this year declined from maintaining an office in Warsaw, and services for Russian clients works with regional offices outside of Russia.

Adam Torchała