XTB (WSE: XTB), one of the largest stock brokerages in Poland, has announced a strategic partnership with the local self-regulatory Association of Individual Investors (SII). This new cooperation aims to improve the standards of the Polish financial market, including the creation of a “Spokesperson for the Rights of Individual Investors”.
Recent years have seen a dynamic rise in the number of individual investors in Poland, as evidenced by the ever-increasing number of brokerage accounts. XTB and SII believe that to maintain this trend. There is a need to modernize and raise the work standards of investors in the stock exchange.
Paweł Szejko, Member of the Board of Directors of XTB, commented: “At XTB, we invest in free, globally accessible education for investors and increase market access. We often cooperate with the Association of Individual Investors in this area. From the observations, it turns out that Polish investors need Also to support in defending their rights.
This led to the initiative of appointing a spokesperson for the rights of individual investors. This role aims to emulate similar organizations by protecting rights and Commitments
Commitments
In finance, commitment is a financial responsibility as the terms of the contract must be met. If a commitment fails between the parties, the defaulting party may face legal action. In this scenario, not only will the guilty party have to agree to pay the exact amount to fulfill the contractual arrangement, but it may also be responsible for covering all costs of the legal action. Routine payments or outstanding debts of any kind are financial liabilities, so if someone owes you
In finance, commitment is a financial responsibility as the terms of the contract must be met. If a commitment fails between the parties, the defaulting party may face legal action. In this scenario, not only will the guilty party have to agree to pay the exact amount to fulfill the contractual arrangement, but it may also be responsible for covering all costs of the legal action. Routine payments or outstanding debts of any kind are financial liabilities, so if someone owes you
Read this term A retail investor with a striving for higher standards within the industry.
In the first quarter of 2023, XTB reported a significant influx of new customers, adding 104,200 to their customer base. This growth has boosted its total number of customers to 703,900, reflecting an annual increase of 46.1% and quarterly growth of over 100%.
A major highlight was the rise in the number of active clients, which was up 44% year-on-year, rising from 149,800 in the first quarter of 2022 to 215,700 in the same period of 2023. It confirms that the number of individual traders and individual investors is rising dynamically after the covid pandemic. , at a time when people are looking for proactive ways to protect their savings and wealth from record high inflation.
What is the role of the XTB spokesperson?
It is envisaged that the Spokesperson will act as an independent mediator, working to amicably resolve significant disputes between individual investors and financial institutions.
In addition, SII and XTB plan to implement joint initiatives to serve retail investors. This includes supporting the development of financial education, promoting issues related to the functioning of the capital market in the public space, and working towards universal access to reliable information about the capital market.
“We believe that acquiring such a strong strategic partner opens up new possibilities for the Polish individual investor community. We have ambitious plans on many fronts,” commented Jaroslav Dominjak, Chairman of the Board of Directors of the Association of Individual Investors.
The Polish investment platform has also lowered entry barriers for new investors in the past. XTB recently launched the InvestResponsibly.com project, which aims to promote responsible investing.
XTB Launches Savings, Dividend Account
Considering the evolving nature of the investment industry and the increasing number of individuals looking for ways to protect their wealth from inflation, XTB decided to introduce a new product “Investment Savings” by the end of the year.
Last month, XTB CEO Omar Arnaout stated that in order to attract a wider audience, the broker is focusing on offering products that attract potential new clients, especially with the exception of Contracts for Difference (CFDs).
“We aim to expand our product offering to reach a wider range of customers,” Arnaout stated. “New products are critical for us to break the 40-55k new account mark. Only new products, along with marketing
marketing
Marketing is defined as the business process of identifying, anticipating, and satisfying customers’ needs and wants, and this is a critical component of any financial services operation or brokerage. Well-funded marketing campaigns are beneficial to the survival and longevity of these companies in an increasingly competitive industry, as marketers in the forex space perform a wide range of functions to help purchase, secure or retain customers. have t
Marketing is defined as the business process of identifying, anticipating, and satisfying customers’ needs and wants, and this is a critical component of any financial services operation or brokerage. Well-funded marketing campaigns are beneficial to the survival and longevity of these companies in an increasingly competitive industry, as marketers in the forex space perform a wide range of functions to help purchase, secure or retain clients. have t
Read this term
efforts, can achieve this goal.”
In a recent announcement, the publicly traded brokerage revealed that it has dropped its proposed plan to buy back shares. Instead, the company decided to distribute its record dividend from 2022 as a dividend. The company plans to increase the dividend to 4.86 PLN per share, up from 3.25 PLN per share.
XTB (WSE: XTB), one of the largest stock brokerages in Poland, has announced a strategic partnership with the local self-regulatory Association of Individual Investors (SII). This new cooperation aims to improve the standards of the Polish financial market, including the creation of a “Spokesperson for the Rights of Individual Investors”.
Recent years have seen a dynamic rise in the number of individual investors in Poland, as evidenced by the ever-increasing number of brokerage accounts. XTB and SII believe that to maintain this trend. There is a need to modernize and raise the work standards of investors in the stock exchange.
Paweł Szejko, Member of the Board of Directors of XTB, commented: “At XTB, we invest in free, globally accessible education for investors and increase market access. We often cooperate with the Association of Individual Investors in this area. From the observations, it turns out that Polish investors need Also to support in defending their rights.
This led to the initiative of appointing a spokesperson for the rights of individual investors. This role aims to emulate similar organizations by protecting rights and Commitments
Commitments
In finance, commitment is a financial responsibility as the terms of the contract must be met. If a commitment fails between the parties, the defaulting party may face legal action. In this scenario, not only will the guilty party have to agree to pay the exact amount to fulfill the contractual arrangement, but it may also be responsible for covering all costs of the legal action. Routine payments or outstanding debts of any kind are financial liabilities, so if someone owes you
In finance, commitment is a financial responsibility as the terms of the contract must be met. If a commitment fails between the parties, the defaulting party may face legal action. In this scenario, not only will the guilty party have to agree to pay the exact amount to fulfill the contractual arrangement, but it may also be responsible for covering all costs of the legal action. Routine payments or outstanding debts of any kind are financial liabilities, so if someone owes you
Read this term A retail investor with a striving for higher standards within the industry.
In the first quarter of 2023, XTB reported a significant influx of new customers, adding 104,200 to their customer base. This growth has boosted its total number of customers to 703,900, reflecting an annual increase of 46.1% and quarterly growth of over 100%.
A major highlight was the rise in the number of active clients, which was up 44% year-on-year, rising from 149,800 in the first quarter of 2022 to 215,700 in the same period of 2023. It confirms that the number of individual traders and individual investors is rising dynamically after the covid pandemic. , at a time when people are looking for proactive ways to protect their savings and wealth from record high inflation.
What is the role of the XTB spokesperson?
It is envisaged that the Spokesperson will act as an independent mediator, working to amicably resolve significant disputes between individual investors and financial institutions.
In addition, SII and XTB plan to implement joint initiatives to serve retail investors. This includes supporting the development of financial education, promoting issues related to the functioning of the capital market in the public space, and working towards universal access to reliable information about the capital market.
“We believe that acquiring such a strong strategic partner opens up new possibilities for the Polish individual investor community. We have ambitious plans on many fronts,” commented Jaroslav Dominjak, Chairman of the Board of Directors of the Association of Individual Investors.
The Polish investment platform has also lowered entry barriers for new investors in the past. XTB recently launched the InvestResponsibly.com project, which aims to promote responsible investing.
XTB Launches Savings, Dividend Account
Considering the evolving nature of the investment industry and the increasing number of individuals looking for ways to protect their wealth from inflation, XTB decided to introduce a new product “Investment Savings” by the end of the year.
Last month, XTB CEO Omar Arnaout stated that in order to attract a wider audience, the broker is focusing on offering products that attract potential new clients, especially with the exception of Contracts for Difference (CFDs).
“We aim to expand our product offering to reach a wider range of customers,” Arnaout stated. “New products are critical for us to break the 40-55k new account mark. Only new products, along with marketing
marketing
Marketing is defined as the business process of identifying, anticipating, and satisfying customers’ needs and wants, and this is a critical component of any financial services operation or brokerage. Well-funded marketing campaigns are beneficial to the survival and longevity of these companies in an increasingly competitive industry, as forex marketers perform a wide range of functions to help purchase, secure or retain clients. have t
Marketing is defined as the business process of identifying, anticipating, and satisfying customers’ needs and wants, and this is a critical component of any financial services operation or brokerage. Well-funded marketing campaigns are beneficial to the survival and longevity of these companies in an increasingly competitive industry, as marketers in the forex space perform a wide range of functions to help purchase, secure or retain customers. have t
Read this term
efforts, can achieve this goal.”
In a recent announcement, the publicly traded brokerage revealed that it has dropped its proposed plan to buy back shares. Instead, the company decided to distribute its record dividend from 2022 as a dividend. The company plans to increase the dividend to 4.86 PLN per share, up from 3.25 PLN per share.