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Just 10 days after X Trade Brokers Dom Maklerski SA (WSE:XTB), a.k.a. XTB, has become public, the broker rates 7th among FX brokers in terms of Market Capitalization, outperforming Gain Capital, FXCM, Money Partners Group, KVB Kunlun and recently listed Hirose. Currently XTB’s total dollar market value of its shares amounts to PLN 1.46 billion ($0.38 billion) and places the company right after Japan`s Monex Group.
We regularly keep track of publicly-held leading forex brokers’ market capitalization and draw up FX Market Cap Charts in order to compare their performances on the stock exchanges. Here is the up-to-date ranking of XTB:
| FX Broker | Market Cap (in billions dollars), May 16, 2016 |
| 1. | |
| 2. | |
| … | |
| 6. Monex Group | 0.73 |
| 7. XTB | 0.38 |
| 8. Gain Capital | 0.34 |
| 9. KVB Kunlun | 0.21 |
| 10. Money Partners Group | 0.19 |
| 11. FXCM | 0.06 |
| 12. Hirose | 0.05 |
The Polish online forex broker X-Trade Brokers (XTB) debuted on the Warsaw Stock Exchange on May 6 with a total value of the initial public offering (IPO) of PLN 190 million (nearly $49.2 million). Since then, the company`s share prices experience an upward trend: on day one XTB’s stocks closed at PLN 12.05 and currently their price is PLN 12.40, almost 3% higher.
XTB is the fourth large forex broker to become public in 2016 so far, after UK’s CMC Markets, Japan’s Hirose and BATS Global Markets. The company made biggest IPO at the Warsaw Stock Exchange since last April.
Joining the group of companies listed on the Warsaw Stock Exchange is a major part of our long-term business strategy. … Our competitive strengths, such as the state-of-the-art technology and the diversified and constantly developing range of products and services, are being joined by yet another virtue much appreciated by our clients: transparency of our business model and financials. – said Jakub Maly, President of the Management Board of X-Trade Brokers Dom Maklerski S.A.
XTB (WSE:XTB) was founded in 2002 and is now established in more than 15 countries in Europe, South America and Asia. It provides online trading in over 1500 instruments, including forex, indices, shares, commodities and ETFs. The broker offers three types of live trading accounts on two platforms – the industry preferred MetaTrader 4 and the XTB`s in-house xStation. XTB’s UK subsidiary is licensed by the Financial Conduct Authority (FCA).