FXStreet leading financial information portal, updates its platform
FXStreet-Barcelona
The offices are a medieval building at Gothic Quarter of Barcelona, but once inside you breathe air rather a Silicon Valley: a type loft environment with graffiti on the walls and a young and carefree template jumping from one screen to another. They must like their job: they have to hang, as a joke, a picture of quotations on the bathroom door.
This is where the FXStreet portal provides information on international currency markets. A reference site just updated its internet platform, which is now better adapted to the world of mobile and tablets. Investors now can find more agile data, quotes, videos, news, analysis, events calendar and opinions on currencies.
Francesc Riverola, which has never operated with coins in his life, presides over this international company, which, in addition to 28 professionals based in Barcelona, forty people across the globe who follow the real-time data 24 hours nurtures day and in 17 languages. Because, as stated in the well-known slogan, traders sleep, but markets never rest.
The company experienced a downturn in 2013, which forced him to an internal restructuring, to renew 90% of its workforce and to diversify their sources of income. In addition to advertising, FXStreet sell specific products to brokers and premium subscriptions. This more flexible model has allowed him to take the course and this year will grow 20%, with a turnover of five million. The margin has increased again and we’ll see if any incorporation is possible.
The FXStreet business model depends on the vagaries of the markets. When there is little liquidity and currencies are quiet, then they also generate little traffic (and money). However, if there is movement in the markets, the portal works at full speed.
“Those who operate in currencies are essentially professionals. No inside information and can make big profits. But the oscillations are small, a lot of money to play and there is much leverage. It is dangerous. 90% is speculation and it is recommended that the particular first report, “Rivarola said. Investment banks and hedge funds are the customers of its pages, much appreciated by providing data on interbank quotes.
Behind most buying decisions euros,dollars, yen, pound and Swiss franc there this Catalan company. Riverola, together with its partners Míriam Pinatell and Sergi Fernández, has managed to FXStreet put Barcelona on the map of global finance. Currencies have finally found their showcase.
EXECUTIVE CHAUFFEUR BARCELONA 