FX BROKERS
Marc Bürki CEO Swissquote Bank
Marc Bürki tells FX Trader Magazine about the recent acquisition of ACM by Swissquote Bank and how this transaction benefits all parties. He also talks about the company’s current growth and the impact that the merger will have on ACM’s future expansion.
INTERVIEW FXTM: Could you tell us about
your professional background and since when did you join Swissquote Bank?
MB: I graduated from the Swiss
Federal Institute of Technology in Lausanne. I am the co-founder of Swissquote Group Holding and Swissquote Bank.
FXTM: ACM (Advanced
Currency Markets) is one of Switzerland’s largest forex trading companies and a leading international forex broker. When was it created and what are the main reasons for the international success of ACM?
MB: The success of ACM , which
has been acquired by Swissquote in October 2010, is for sure the sophisticated trading platform with guaranteed order execution,
lowest spreads and attractive conditions.
FXTM: What revenues did the
company achieve in 2010, and in the first quarter of 2011?
MB: Revenues and Profit for 2010 were: CHF 104.6 million (Profit: CHF 21.1 million) for the 1st Quarter 2011 revenues were: CHF 36.4 million, (Profit: CHF 10.7 million)
FXTM: Last October, ACM
was acquired by Swissquote Bank. After ACM’s efforts to obtain a banking license by FINMA - the Swiss Financial Market Regulatory Authority – was this a way to solve the problem and continue doing business under the new Swiss regulation?
MB: Yes absolutely. ACM is now FXTM: Swissquote is listed on
the SIX Swiss Exchange. Which regulatory body/bodies currently control Swissquote Bank? And did FINMA give its final approval to the companies integration?
MB: As a Swiss bank, Swissquote
is supervised by FINMA. FINMA approved the takeover and
FX TRADER MAGAZINE July - September 2011 27
merged with Swissquote Bank and all operations are conducted under our banking license. For Swissquote Bank it was a good opportunity to grow in a sector where we have been active for two years already. The combination of our strength as a solid Swiss bank and the technology of ACM is a perfect match, and a transaction that benefits all parties concerned. Moreover it brings a real value to all ACM clients. Their assets are now deposited with the largest online bank in Switzerland.
FX
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