Capital.com set to double technology team amid strong growth
Global fintech sees trading volumes rise by 20% in Q3, plans to fill 200 new tech roles in the next 12 months
LIMASSOL, Cyprus, Nov. 7, 2024 /PRNewswire/ -- Capital.com, the high-growth global trading platform and fintech group whose trading volumes surpassed USD$1trn in 2023, today announced total client trading volumes reached over $450 billion in Q3 2024, a 20% increase from Q2 2024, affirming the company's steady growth trajectory. Over the same period, new user accounts were up by 9%, and the total number of trades executed on the platform grew by 19% to 31 million from the previous quarter.
"Our Q3 results highlight the sustained growth of our platform as we continue to deliver the best trading experience for our clients globally. Supported by our strong track record and growth metrics, we have ambitions to further diversify our product offering and develop pioneering technologies that enhance efficiency across our award-winning platform," said Dana Massey, Chief Marketing, Product & Technology Officer, Capital.com
Increased trading in Q3 was driven by strong interest in indices, commodities, and FX markets. Index trading was particularly robust, accounting for approximately 53% of all trading volumes, supported by significant activity from clients across the Middle East, followed closely by Europe. Commenting on clients' trading behaviour in Q3, Daniela Sabin Hathorn, Senior Market Analyst, Capital.com, said:
"With anticipation for the US presidential elections building in Q3 we've seen increased interest in indices and FX pairs, specifically those that included the dollar. The capital injection on behalf of China to revive its struggling economy was also a key driver of the momentum in equities throughout the month of September as traders pushed aside concerns about growth in China. Other key events include the market meltdown and then, following the subsequent recovery in stocks, the worse-than-anticipated jobs data during the summer months, which triggered the Sahm rule and brought on concerns about the Federal Reserve being too restrictive for too long. As economic data has improved, so has sentiment in equity markets, with the key global indices starting Q4 close to record highs."
Building on the platform's strong client engagement and trading activity in the last quarter, Capital.com is ramping up its investment in technology, with plans to double its technology & engineering in the next 12 months. To support its clients with a diverse range of products and solutions, the company is hiring 200 new professionals across its global network of offices.
"As a tech-first company, expanding our engineering team is crucial to scaling our services and meeting the demands of our growing global client base," added Massey. "We're looking to bring on top talent from around the world across engineering, technology support, and development to ensure Capital.com remains at the forefront of fintech innovation."
Capital.com's hiring drive is focused on key areas including Java and Angular Software Engineering, DevOps, QA Engineering, Site Reliability Engineering (SRE), Incident Management, Tech Support, IT Services, Data Engineering, Database Administration, and Engineering Management. These roles offer both in-office and remote opportunities across London, Warsaw, Limassol and the company's other key tech hubs globally, providing an agile and collaborative environment for innovation.
For more information about Capital.com's technology team hires, please visit: https://capital.com/tech-recruitment
Capital.com is a leading trading and fintech platform that is redefining the future of trading. Founded by Viktor Prokopenya and based in Cyprus, Capital.com is committed to providing a safe, secure, and transparent platform, underpinned by cutting-edge technology and comprehensive education. With offices in eight locations globally and over 700 employees, Capital.com empowers individuals worldwide with the tools and knowledge to trade confidently.
Notes to Editors
About Capital.com
Capital.com is a high-growth fintech company empowering people to participate in financial markets through simple and innovative online trading platforms. Launched in 2016, its intuitive award-winning platform —available on web and app —enables investors to trade thousands of world-renowned markets. To help investors trade with confidence, the platform is fitted with robust risk management controls, transparent pricing and extensive educational content to support clients in their trading journeys.
Capital.com has a global network with offices located in leading business and financial centres including London, Dubai, Warsaw, Vilnius, Sofia, Limassol, and Melbourne. Capital Com (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 793714. Capital Com SV Investments Limited is Authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), under licence number 319/17. Capital Com Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised to carry out Securities Business by the Securities Commission of The Bahamas with licence number SIA-F245. Capital Com Mena Securities Trading LLC is authorised and regulated by the Securities and Commodities Authority (SCA), under license number 20200000176.
To find out more, please visit: www.capital.com
This press release is for media use only. It's not intended for individual investors, and doesn't include personal advice or recommendations.
DISCLAIMER Spread bets and/or CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider. You should consider whether you understand how spread bets and/or CFDs work and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd. Spread bets are available only to UK clients. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Capital Com (UK) Limited ("CCUK") is registered in England and Wales with company registration number 10506220. CCUK is authorised and regulated by the Financial Conduct Authority ("FCA"), under registration number 793714. Capital Com SV Investments Limited ("CCSV") is registered in Cyprus with company registration number 354252. CCSV is regulated by Cyprus Securities and Exchange Commission (CySEC) under licence number 319/17. Capital Com Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital Com Online Investments Ltd is a limited liability company (company number 209236B) registered in the Commonwealth of The Bahamas and authorised to carry on Securities Business by the Securities by the Securities Commission of The Bahamas ("SCB") with licence number SIA-F245. Capital Com Mena Securities Trading LLC is authorised and regulated by the Securities and Commodities Authority (SCA), under license number 20200000176. Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as "investment research" has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. |
SOURCE Capital.com
Share this article