The Swiss forex broker and bank Swissquote has just released a report on its Q3 metrics. In line with the overall industry trend, revenues and profit rates are stagnant. Year –on-year, the company’s revenues decreased by 14.9% and net profit – by 30.5%. For 2012, Swissquote expects revenues of about CHF 112 million (appr. $118.5 million) across all its divisions (banking, forex, etc.). Speaking of forex alone, Swissquotes forex eForex division has registered a decrease of 12.9% in trading results – from CHF 38.4 million to CHF 33.4 million. The eForex trading volumes have decreases by 16.5%, from CHF 313 billion to ... (full story)