XTB Reports Sharp Drop in Q3 Results, Driven Down by ESMA Regulations

[kreslik.news]

XTB, a Polish retail brokerage, has published its third-quarter financial results today for 2018. During this period, the firm took a hit in terms of trading activity, largely driven by the implementation of regulation from the European Securities and Markets Authority (ESMA).

During the three months ended September 30, 2018, XTB experienced a drop in contract for difference (CFD) trading, which resulted in lower figures across the board. Total operating income was PLN 47.6 million ($12.7 million), a 35 per cent fall from the same time period last year which achieved a total operating income of PLN 73.1 million.

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