Tickmill Group: continued growth underlined by global expansion in 2017

Maria Nikolova

Consolidated net profit rose from $7.29 million in 2016 to $14.81 million in 2017, representing an increase of 103%.

Tickmill Group announced strong consolidated financial results for 2017, a year which was marked by solid business growth and further geographical expansion into new markets. The financial metrics posted in the past year showed continued progress across key performance metrics.

  • Tickmill Group’s Business Metrics for 2017

Consolidated net profit rose from $7.29 million in 2016 to $14.81 million in 2017, representing an increase of 103%.

Net trading revenue amounted to $38.96 million, marking an increase of 82% compared to the previous year.

Total trading volume came in at $745 billion notional value, easily surpassing the projected $600-650 billion range. In November 2017, Tickmill Group recorded its highest monthly trading volume of $79 billion when its clients placed a record 4.25 million trades. Taking a full-year perspective, the clients of Tickmill Group placed 42.58 million trades in total which also signals a new record for the Company.

  • Growth Projections for the Year Ahead

Tickmill had a powerful start to 2018, posting a record monthly trading volume of $110.6 billion in January followed by triple-digit figures in February and March.

In 2018, the company projects to reach a $1200-1300 billion full-year trading volume on the basis of organic growth in its key markets in Southeast Asia, South America, the MENA region and Europe.

Duncan Anderson, CEO of Tickmill UK Ltd, commented: “Tickmill was nimble enough to deliver record revenues and profits in the past year, despite the many regulatory changes and increased competition in the financial landscape. Our global presence, excellent trading conditions and robust trading technology has made Tickmill a strong brand and a go-to-broker for some of the most sophisticated retail and professional traders.”

Mr Anderson, added: “At Tickmill we have always had a long-term perspective in everything we do, which makes us excited about the future of the brokerage industry.”

Illimar Mattus, CFO of Tickmill Ltd, highlighted: “Despite markets experiencing extended periods of low volatility in 2017, Tickmill Group was able to deliver strong financial results for the year. We increased our profitability twofold and revenues by 82%. Our strong net capital base of $27.94 million at the end of 2017 will allow us to invest in new products and technologies to deliver more value to our global client base.”

Commenting on the Group’s growth strategy, Mr Mattus stated: “Having successfully completed the acquisition of Vipro Markets Ltd in 2017, we will continue looking for meaningful acquisition opportunities in 2018 to increase our market share and improve our overall efficiency. Building on last year’s positive results, we renew our focus on the core principles that underpin our success: providing cost-effective solutions, strengthening our competitive advantages, and diversifying our business.”

About Tickmill

Tickmill is a Forex and CFD trading services provider, authorised and regulated by the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission and the Seychelles Financial Services Authority, offering first-class trading products with competitive conditions and ultra-fast execution.

For more information, please visit the dedicated website.

Trading CFDs can involve losses that exceed the initial investment.

Read this next

Digital Assets

Crypto trading volume spikes at Swiss bourse amid FTX collapse

The shockwaves from the historic collapse of Sam Bankman-Fried’s crypto empire are still being felt across the industry, but some trading venues are actually doing better because of it.

Executive Moves

CMC Markets adds Camilla Boldracchi to institutional sales

UK’s biggest spread better, CMC Markets has promoted Camilla Boldracchi to take on an expanded role within its institutional sales desk.

Institutional FX

FXSpotStream reports $1.48 trillion in monthly volume for November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2022, which moved higher on a yearly basis but reflected weak performance across executed trade volumes when weighed against the figures of the prior month.

Retail FX

Interactive Brokers’ client activity drops 30% YoY

Interactive Brokers LLC (NASDAQ:IBKR) saw 1.95 million daily average revenue trades, or DARTS, in November 2022 compared to 1.96 million transactions in the prior month.

Digital Assets

The rise of Crypto ETPs in traditional exchanges as crypto winter deepens

Institutional investors are increasingly looking at traditional regulated exchanges as their first route into digital assets amid market turmoil caused by the crypto winter and the collapse of several big names within the space, including FTX. Acuiti and Eurex surveyed 191 buy and sell-side firms on their views of the digital assets markets in order […]

Digital Assets

TP ICAP’s crypto arm receives FCA’s go-ahead

UK interdealer broker TP ICAP has received a regulatory go-ahead to launch its cryptocurrency services in the UK. The bid shows that the recent collapse of FTX exchange has done little to damp the interest of big names in running their own crypto business.

Industry News

Coin Signals founder to pay $2,847,743 after prison sentence over crypto Ponzi scam

The U. S. District Court for the Southern District of New York has ordered Jeremy Spence, founder of Coin Signals, to pay $2,847,743 in restitution to victims of a fraudulent virtual currency scheme.

Digital Assets

CME Group goes DeFi: Reference rates and real-time indices of Aave, Curve, Synthetix

“These rates are designed to provide traders, institutions and other users transparency and price discovery across a much broader range of tokens, allowing them to confidently and more accurately value cryptocurrency sector specific portfolios and manage price risk around various blockchain-based projects.”

Digital Assets

BingX publishes Proof-of-Reserve report by auditor Mazars to address general distrust in crypto

“It is our responsibility to help our customers know their platform and feel safe. They should only trade in regulated and licensed exchanges or one showing them proof when they need it.”

<