In an impressive display of market leadership, CXM Direct has announced record-breaking performance across all growth metrics for the second and third quarters. The company has reported a substantial 9% increase in trade volume in Q2, which surged by a remarkable 127% in Q3.
The number of trades executed followed a similar trajectory, achieving all-time highs with a 49% growth in Q2 and an even more astonishing 95% growth in Q3. This consecutive growth underscores CXM Direct's expanding influence in the trading sector.
Mirroring the uptrend in trade volumes, Partner Payouts also hit their zenith. The second quarter saw a healthy 12% increase, which paled in comparison to the monumental 151% leap in Q3, signaling robust earnings for CXM Direct’s partners.
Client engagement metrics are no less impressive, with Active Clients expanding by 11% in Q2 and an overwhelming 84% in Q3, setting a new benchmark with each quarter.
Operational excellence remained evident, with the average order execution speed holding steady at 63 milliseconds over the last year, a testament to CXM Direct's commitment to consistency and reliability.
Notably, execution quality improved marginally by 1% in both quarters, achieving a 96% rate of orders executed at the requested price, showcasing CXM Direct's enhanced precision in order fulfillment. The remaining 4% of orders experienced almost equal proportions of positive and negative slippage.
The company also boasts about maintaining one of the industry's best fill rates, with the ratio of orders executed At Price or Better hovering around the commendable 98% mark.
Further highlighting CXM Direct’s customer success, Client Equity saw a significant quarter-on-quarter increase with 26% in Q2 and 7% in Q3, an indicator of the firm's unwavering commitment to client profitability.
In conclusion, CXM Direct's record-setting performance in Q2 and Q3 is a testament to its relentless pursuit of excellence and innovation. By consistently pushing the boundaries of trading technology and client service, the company not only achieved but exceeded all-time highs across all growth metrics.
CXM Direct's dedication to providing superior execution speeds, maintaining one of the best fill rates in the industry, and focusing on client profitability demonstrates its unwavering commitment to enhancing customer success. These milestones reflect CXM Direct's forward momentum and its strong positioning for continued growth and market leadership.
