In November
2023, the publicly listed XTB surpassed 200,000 open accounts in the Polish stock exchange,
becoming the third-largest brokerage house in its home country. This milestone
means that one in four of the 847,000 accounts managed by this fintech company worldwide belongs to clients from the largest economy in Central and Eastern Europe
(CEE).
The news of
XTB’s significant milestone in the Polish market was first reported last Friday
and confirmed on Monday by data from the National Depository for Securities
(KDPW). In November, XTB acquired nearly 14,000 new clients, also marking a
significant increase of 74,000 clients compared to the previous year.
This rapid retail
traders accumulation makes XTB not only the third-largest brokerage house in
Poland (trailing the second, BM Pekao, by only 4,000 accounts) but also the
firm that is gaining new clients most dynamically. 78% of all new accounts
opened in Poland in November belonged to XTB, compared to 62% from the previous
year.
|
Position |
Company |
Number 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 Bank Śląski S.A. Biuro Maklerskie |
183 778 |
379 |
6 087 |
|
5 |
BM PKO BP |
152 096 |
402 |
3 657 |
„We have
products for both active investors and those preferring passive strategies.
Therefore, our growing position in the stock market is a natural development,”
Omar Arnaout, the CEO of XTB, commented for Finance Magnates.
The market
responded quickly to this news, with XTB’s shares on the Warsaw Stock Exchange
Stock Exchange
A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin
A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin
Read this Term
growing by up to 7% in two days, reaching their highest levels since
mid-August, which is a four-month high.
XTB shares on the WSE. Source: Tradingview.com
Arnaout
attributes part of this dynamic expansion to introducing passive
solutions to their offerings, which include interest on idle client deposits
and “investment plans” based on ETFs.
„XTB is a
one-stop-shop for every investor willing to take investments in his own hands,”
Arnaout added.
Poland,
XTB’s country of origin, is a significant part of the broker’s offerings and
revenues. Approximately 25% of the 847,000 clients served globally by XTB are
from this CEE country.
Impact of the New AI
Department on Revenues
At the end
of November, XTB announced the launch of a new artificial intelligence (AI)
department, headed by Tomasz Gawron. This AI team is responsible for developing
solutions that support the business operations and trading platforms of the publicly
listed company.
In addition
to new passive products, AI solutions are expected to help maintain XTB’s high
momentum in acquiring new clients and also boost revenues, which saw a 29% drop
in the third quarter due to decreasing market volatility
Volatility
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders
Read this Term.
„Our main
goal is to ensure that the XTB investment app offers the widest possible range
of investment products together with the highest level of technology,” Arnaout
concluded.
In November
2023, the publicly listed XTB surpassed 200,000 open accounts in the Polish stock exchange,
becoming the third-largest brokerage house in its home country. This milestone
means that one in four of the 847,000 accounts managed by this fintech company worldwide belongs to clients from the largest economy in Central and Eastern Europe
(CEE).
The news of
XTB’s significant milestone in the Polish market was first reported last Friday
and confirmed on Monday by data from the National Depository for Securities
(KDPW). In November, XTB acquired nearly 14,000 new clients, also marking a
significant increase of 74,000 clients compared to the previous year.
This rapid retail
traders accumulation makes XTB not only the third-largest brokerage house in
Poland (trailing the second, BM Pekao, by only 4,000 accounts) but also the
firm that is gaining new clients most dynamically. 78% of all new accounts
opened in Poland in November belonged to XTB, compared to 62% from the previous
year.
|
Position |
Company |
Number 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 Bank Śląski S.A. Biuro Maklerskie |
183 778 |
379 |
6 087 |
|
5 |
BM PKO BP |
152 096 |
402 |
3 657 |
„We have
products for both active investors and those preferring passive strategies.
Therefore, our growing position in the stock market is a natural development,”
Omar Arnaout, the CEO of XTB, commented for Finance Magnates.
The market
responded quickly to this news, with XTB’s shares on the Warsaw Stock Exchange
Stock Exchange
A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin
A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin
Read this Term
growing by up to 7% in two days, reaching their highest levels since
mid-August, which is a four-month high.
XTB shares on the WSE. Source: Tradingview.com
Arnaout
attributes part of this dynamic expansion to introducing passive
solutions to their offerings, which include interest on idle client deposits
and “investment plans” based on ETFs.
„XTB is a
one-stop-shop for every investor willing to take investments in his own hands,”
Arnaout added.
Poland,
XTB’s country of origin, is a significant part of the broker’s offerings and
revenues. Approximately 25% of the 847,000 clients served globally by XTB are
from this CEE country.
Impact of the New AI
Department on Revenues
At the end
of November, XTB announced the launch of a new artificial intelligence (AI)
department, headed by Tomasz Gawron. This AI team is responsible for developing
solutions that support the business operations and trading platforms of the publicly
listed company.
In addition
to new passive products, AI solutions are expected to help maintain XTB’s high
momentum in acquiring new clients and also boost revenues, which saw a 29% drop
in the third quarter due to decreasing market volatility
Volatility
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders
Read this Term.
„Our main
goal is to ensure that the XTB investment app offers the widest possible range
of investment products together with the highest level of technology,” Arnaout
concluded.