ETX Capital Announces Plans for Post-Brexit EU Office

[kreslik.news]

Monecor, the owner of retail broker ETX Capital, released its financial results for 2017 this Tuesday. Posting substantial year-on-year growth, the firm also detailed its plans for a post-Brexit Britain and a change in strategy following the European and Securities Markets Authority’s product intervention measures.

Over the course of 2017, Monecor was able to rake in a total revenue of £31.41 million ($40.71 million). That was an 8.5 percent decrease on the prior year’s £34.33 million ($44.50 million).

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Fortunately for Monecor, they were able to cut the amount lost through commissions, rebates and ... (read more)