FINTECH trading platform
In its preliminary full year results, the
Chief David Zruia hailed an "excellent set of results" for the firm and said it "continues to outperform" the market.
"Our performance was again driven by
It was among a host of platforms to enjoy a boom through the pandemic as retail investors looked to tap into volatile markets. However, unlike some of its peers, it has grown and reported bumper results the last two years.
The firm said customer deposits jumped to
It is now looking to ramp up a global expansion and eyeing further growth in the US, Zruia said this morning.
"We are in an extremely exciting strategic and commercial position, with multiple potential growth opportunities available, particularly in the US futures market, which will continue to drive our growth as a global multi-asset fintech group," he said.
Analysts at investment bank Liberum said the results "confirm the cash generative nature of its business model" which was driving "customer acquisition and retention".
"Not only do these cash flows support high shareholder distributions (cumulative
(c) 2023 City A.M., source