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FOREX.com, City Index saw 34% uplift to FX/CFDs revenue in Q4
Brokerage conglomerate StoneX released its financial results for the final quarter of 2024 on Thursday. StoneX’s financial year starts at the beginning of October, meaning this was the first quarter of the company’s 2025 financial reporting period. Total revenues for the quarter were up 44% year-on-year to $27.1bn. Net income for the group rose to $85.1m during the quarter, up 23% on the prior year’s figure of $69.1m. StoneX operates CFD trading brands City Index and FOREX.com. The group said that retail FX and CFD trading generated $89.0m over the the quarter. This was up 34% year-on-year, with Q4 2023 ... (full story)
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- Posted: Feb 6, 2025 1:32pm
- Submitted by:Category: Forex Industry NewsComments: 0 / Views: 13,306
