RE: OTC trading starts today28 Oct 2021 17:12
Yes they were the one s that kept getting the big % growth comments when we were suspended previously as SJH:
23-Sep The payments division is pleased to report trading through August with non-card related GBP and EURO activity holding steady through the quiet month of August. We have seen a 25% increase in GBP accounts and 10% increase in Euro accounts. Inbound deposit receipts were similar to July but with fewer outbound payments for GBP account holders. Still growing from a relatively low base the Company will continue to monitor the data closely and develop a more meaningful data set as patterns in growth emerge over the coming months.
30-Oct The payments division, having rolled out multicurrency accounts, has seen improvements in sales through September and October. After the relatively quiet month of August, September saw an increase in Euro handle of 29%, however GBP handle was down 37%. There was however a significant increase in October as clients adopted the new services seeing a month-on-month increase in Euro handle of 304% and an increase in GBP of 487%.Ā
27-Nov Following on from the launch of the multicurrency account services there has been a modest increase in account opening of 7.5% during the last month, despite the new lockdown conditions. In the period from 24 October 2020 the Company has seen significant improvement in FX and account handle with growth in FX transactions of 237% (mostly driven by GBP to USD swaps). Following on from the 304% growth in October EUR account handle has increased 117% compared to last month and GB account handle which grew by 487% in October has more than doubled, growing 138% in the last four weeks.
31-Dec The period 27 November to 23 December 2020 has seen steady performance in the payments division, with GBP:USD FX pair transactions growing 43% in volume, however the company did see a slowdown in incoming EUR deposits of around 18%. Overall, the number of active multicurrency accounts grew by 5% over the past 25 days, and the Company expects the take up rate to increase significantly in the New Year supported by sales and marketing activities.
The period 27 January 2021 to 25 February has seen further growth in the payments division, with GBP:USD FX pair transactions growing an additional 27% in volume compared to the period 23 December 2020 to 27 January 2021. The Company saw a significant improvement in transaction values in both Euro and GBP, up 219% and 143% respectively, due to the continuing rate of account openings.