Brokerage group Capital.com announced on Thursday that it hit $450bn in trading volume in the third quarter of 2024, up 20% from the second quarter.
The company also said that clients placed 31m trades over the course of Q3.
Capital.com said that the bulk of trading – 53% of total volumes – was in indices. Clients in the MENA region were most active, with European clients close behind.
The broker also said that it plans on hiring a large number of employees in the near term.
According to a statement put out by the firm, Capital.com wants to double the size of its existing engineering team over the next 12 months.
The company also said that it’s hiring 200 new employees across its offices. Capital.com currently has 700 employees, with offices seven different locations.
“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,” said Dana Massey, Chief Marketing, Product & Technology Officer at Capital.com. “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.”
