Kaufmann-Rothstein International 2010 Revenue Report Exceeds Annual Turnout Objective
Kaufmann-Rothstein International, a global leading provider of commodity futures trading services to selected key cities worldwide, servicing a diverse type of individuals, institutional and self-directed traders, released today its annual revenue reports for the year 2010, with a total 120 percent growth of customer accounts for one year period ending December 30, 2010.
Haarlem, Netherlands, June 15, 2011 --(PR.com)-- At present, Kaufmann-Rothstein International is now counting active clients from more than 130 countries with estimated $40 billion futures and options, commodities and foreign exchange transactions every month.
With the remarkable annual earnings, Mr. Fred Watkins, the Chief Executive Officer of Kaufmann-Rothstein International commented: “We have recorded more than doubled total number of customer accounts in the past twelve months. We did a great job for the past year as we have gained more customers than we did in the past four years. Also, we added four times the number of new trading accounts in the third quarter of 2010 as compared to the third quarter of 2009.”
Kaufmann-Rothstein International's announcement of annual revenue reports followed the recently concluded Triennial Central Bank Survey on Derivative Markets Activities and Foreign Exchange completed last September 2009. The said survey highlighted a growth of an average daily foreign exchange estimated turnover of $1.6 trillion in March 2008 as compared to the recorded growth of $1.1 trillion in March 2005.
Comparing both the results of the Triennial Central Bank Survey and the Kaufmann-Rothstein International’s annual revenue reports, Mr. Fred Watkins observed a close comparison between the survey and the firm’s financial growth for the past two years, since the survey was completed in 2009.
Kaufmann-Rothstein International has recorded walloping revenue increases of 520 percent from 2005 to 2008, at the same time it has noted total daily foreign exchange revenue increases of 52 percent.
“With the unprecedented revenue growth of the firm for the year 2010, we can say that we have even exceeded our profit target for the last year as we have noted a revenue increase of almost 10 times the rate of the entire foreign exchange markets,” avowed Mr. Watkins. “Our firm’s growth figures fortify the Triennial Central Bank Survey contention that a significant growth in the number of hedge funds traders, speculators and other asset managers who are trading foreign exchange products has considerably contributed to the general growth in foreign exchange volume.”
Interestingly, the 2009 Triennial Central Bank Survey report emphasized the factors that have uplifted earnings which include the traders’ awareness in foreign exchange as a significant alternative asset class to fixed income and equities, the more enhanced participation of asset managers in foreign exchange trading and the mounting significance of hedge funds.
The Foreign Exchange Market is the largest and most liquid financial market worldwide. In fact, with nearly $2 trillion traded forex each day; the Foreign Exchange Market has about four times the daily volume of the US Treasury Market and more than 30 times the daily volume of the combined NASDAQ and NYSE.
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With the remarkable annual earnings, Mr. Fred Watkins, the Chief Executive Officer of Kaufmann-Rothstein International commented: “We have recorded more than doubled total number of customer accounts in the past twelve months. We did a great job for the past year as we have gained more customers than we did in the past four years. Also, we added four times the number of new trading accounts in the third quarter of 2010 as compared to the third quarter of 2009.”
Kaufmann-Rothstein International's announcement of annual revenue reports followed the recently concluded Triennial Central Bank Survey on Derivative Markets Activities and Foreign Exchange completed last September 2009. The said survey highlighted a growth of an average daily foreign exchange estimated turnover of $1.6 trillion in March 2008 as compared to the recorded growth of $1.1 trillion in March 2005.
Comparing both the results of the Triennial Central Bank Survey and the Kaufmann-Rothstein International’s annual revenue reports, Mr. Fred Watkins observed a close comparison between the survey and the firm’s financial growth for the past two years, since the survey was completed in 2009.
Kaufmann-Rothstein International has recorded walloping revenue increases of 520 percent from 2005 to 2008, at the same time it has noted total daily foreign exchange revenue increases of 52 percent.
“With the unprecedented revenue growth of the firm for the year 2010, we can say that we have even exceeded our profit target for the last year as we have noted a revenue increase of almost 10 times the rate of the entire foreign exchange markets,” avowed Mr. Watkins. “Our firm’s growth figures fortify the Triennial Central Bank Survey contention that a significant growth in the number of hedge funds traders, speculators and other asset managers who are trading foreign exchange products has considerably contributed to the general growth in foreign exchange volume.”
Interestingly, the 2009 Triennial Central Bank Survey report emphasized the factors that have uplifted earnings which include the traders’ awareness in foreign exchange as a significant alternative asset class to fixed income and equities, the more enhanced participation of asset managers in foreign exchange trading and the mounting significance of hedge funds.
The Foreign Exchange Market is the largest and most liquid financial market worldwide. In fact, with nearly $2 trillion traded forex each day; the Foreign Exchange Market has about four times the daily volume of the US Treasury Market and more than 30 times the daily volume of the combined NASDAQ and NYSE.
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Contact
Kaufmann-Rothstein International
Paul Reeves
+31207184148
www.krintl.com
Paul Reeves
+31207184148
www.krintl.com
Contact
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