CFI Financial Group Achieves Record Quarterly Trading Volume of $3.45 Trillion
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Khaleej Times
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CFI Financial Group Achieves Record Quarterly Trading Volume of $3.45 Trillion

CFI Financial Group, a major online trading provider, recorded a nominal trading volume of $3.45 trillion in the third quarter of 2026, marking its highest figure in history. The trading volume more than doubled compared to the same period last year, showing an increase of approximately 123 percent, along with an additional growth of 14 percent compared to the previous quarter.

This result marks the eleventh consecutive quarter with a record trading volume for CFI. Furthermore, the quarterly volume almost tripled since the beginning of 2025, indicating continuous expansion and scaling of business across various markets.

In the first nine months of 2026, the total trading volume reached $8.8 trillion, which is double the level recorded during the same period last year. These figures reflect the aggregate trading activity of the Group's licensed entities. Despite having three months left in the year, CFI has already exceeded its full-year trading volume for 2025 of $6.4 trillion by more than a third, highlighting the resilience and stability of its development trajectory.

Client activity grew in parallel with the trading volume. Trading and deposit activity showed significant year-on-year growth: 90 million transactions were executed in the third quarter, double that of the third quarter of 2025. In total, over 250 million transactions have been executed since the beginning of the year. The number of deposit transactions in the third quarter increased by 60 percent year-on-year, and by 43 percent in the first nine months.

Collectively, these indicators demonstrate increased trader activity and client engagement on CFI platforms, reinforcing the need for further investment in the Group's trading opportunities and customer experience.

Ziad Melhem, CEO of CFI Financial Group, noted that exceeding the 2025 annual trading volume in just nine months is a significant milestone and reflects the scale and dynamism CFI has achieved. He called it a strong result for the business and a testament to the dedication of the entire Group's teams.

Melhem added that they see significant prospects in the future both in expanding their reach and deepening their presence in serviced markets. The company's goal is to build upon the achieved scale and turn it into a long-term competitive advantage by expanding capabilities, improving customer experience, and creating new opportunities for clients.

Parallel to the record trading activity, CFI continued to strengthen its leadership and expand its range of services offered. Federico Cirulli was appointed Chairman of the Board of Directors, and François du Plessis was appointed Country CEO of CFI in South Africa.

Additionally, CFI introduced the Gold 24/7 product (XAUUSD-24H), which complements existing products with extended trading hours. The Group also received the 'Leading Broker in the UAE' award at the Forex Expo Dubai 2026 event and the 'Best Execution of the Year 2026' award at PROFX Expo Africa 2026.

Entering the final quarter of 2026, CFI maintains its focus on developing its infrastructure and technology, expanding offerings, and strengthening its presence in key markets. The company enters the fourth quarter from a position of strength, focused on long-term growth and delivering greater value to clients through its global network.

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Piramal Finance reports 67% rise in net profit to ₹545 crore in Q2 of FY27
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business-standard.com

Piramal Finance reports 67% rise in net profit to ₹545 crore in Q2 of FY27

Non-banking lender Piramal Finance announced on Monday a significant increase in net profit by 67% compared to the previous year, reaching ₹545 crore for the September quarter. This growth was driven by an increase in core income and improved costs.

The company's core net interest income increased by 35%, amounting to ₹1,530 crore. This resulted from a 24% growth in assets under management and an expansion of the net interest margin to 6.5%. Furthermore, the cost-to-income ratio sharply improved, declining to 52.1% from 61.2% in the reported quarter, which positively impacted the final result.

Managing Director and CEO Jairam Sridharan expressed confidence in the company's unique position in the NBFC sector, noting that it does not see a threat to margins even amid rising interest rates. He stated that the company could increase its NIM by 0.20% over the next year.

Responding to the question of how this is possible despite rate hikes, which increase borrowing costs for NBFCs, Sridharan explained that the recent rating upgrade will help reduce the cost of borrowings over the next two to three years and expand margins.

Sridharan also noted that the growth in assets under management could have been higher, but it was constrained due to high levels of early repayments observed. He reported that about 70% of new loans disbursed were repaid within the quarter. The trend of early repayment is more pronounced in the wholesale client segment, with the real estate sector showing the highest demand for debt early repayment in this segment.

He clarified that the growth in assets under management in the real estate sector during the quarter was about 7%, but could have reached 25% without early repayments. Regarding asset quality, Sridharan emphasized that the company has not faced stress in any segment, despite concerns about the impact of the Middle East crisis on small business lending and the influence of El Niño on the agricultural sector.

Nevertheless, he reiterated that loans issued in South India to IT sector salaried employees continue to show signs of strain, and the company is cautious in issuing such credits. The non-performing asset ratio remained stable at 2.4% as of September 2026.

Meanwhile, the company announced the appointment of former SBI Chairman Dinesh Kumar Khara as an independent director for the next five years. Piramal Finance shares closed on the BSE on Monday at ₹1,948.05 per share, down by 0.08%.

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