CXM Direct, a leading online trading platform, recently announced its Q1 2023 performance results, and the numbers are impressive. CXM Direct has reported a 62% increase in trade volume compared to the previous quarter and more than tripled over a period of 12 months, reaching a new all-time high. This growth is attributed to the increase in active clients, which saw an 80% increase in Q1, reaching a new all-time high.
Furthermore, CXM Direct reported that the number of trades reached an all-time high, with 14% growth compared to Q4 2022. This growth is indicative of the company's continued focus on providing high-quality trading services to its clients.
CXM Direct's performance was also reflected in its partner commission, which grew by 55% compared to Q4 2022, reaching a new all-time high. CXM Direct partners received four times more payouts than at the same time a year ago, demonstrating the company's commitment to its partners' success.
Despite the large market volatility seen in Q1 2023, the company's execution speed across all order types and account types remained consistent, with an average execution speed of 63 milliseconds, which is also the historical average for CXM Direct. The company's execution quality also remained consistent, with the negative and positive slippage ratios remaining symmetrical and orders filled at the requested price 95.27% of the time.
CXM Direct's commitment to providing high-quality trading services is further reflected in the ratio of orders that were executed at the requested price or better (with positive slippage), which reached an all-time high of 97.77%. This demonstrates the company's ability to execute trades efficiently and effectively, which is crucial in the fast-paced world of online trading.
In conclusion, CXM Direct's Q1 2023 performance results demonstrate the company's strong growth trajectory, with record trade volumes, partner commissions, and active clients. The company's commitment to providing high-quality trading services is evident in its consistent execution speed and quality, as well as its high ratio of orders executed at the requested price or better. As the company continues to grow and expand its services, it will be exciting to see what the future holds for CXM Direct.
