Exclusive: Tickmill Posts Record Revenues and Profits for 2018
- Cost efficiency, automation and geographical diversification lead to new records
One company which appears to have weathered the ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term storm rather well is Tickmill. The company shared with Finance Magnates that it ended 2018 by posting significant growth across all key financial metrics.
Consolidated net profits in 2018 stood at $19.67 million, a figure which is higher by 33 percent when compared to 2017. Tickmill Group’s net trading revenue came in at $45.13 million, amounting to a 16 percent increase when compared to the previous year.
Furthermore, yearly trading volumes stood at $1.37 trillion posting a sharp increase of 84 percent when compared to the previous year. The company handily beat its own estimates between $1.2 and 1.3 trillion.
Key Drivers for Growth
Illimar Mattus, CFO of Tickmill
Commenting to Finance Magnates, the CFO of Tickmill Group, Illimar Mattus shared that Tickmill has been engaged in cost-cutting over the past two years. Operational costs have been the primary focus of the effort, but the firm also saved due to an increasing level of automation and overall efficiencies in terms of how the company is generating revenues.
“In light of the stricter regulatory environment, we will maintain this conservative approach in regards to our costs while also trying to execute on plans to increase our revenues,” Mattus explained.
This year the company will continue to be focused on continuing its expansion in the FX and CFD business with the biggest growth areas in terms of geography across Europe, the MENA region, Asia Pacific and South America.
“In terms of product offerings, we look into possibilities of adding in the near future extra products and platforms to diversify our revenue streams going forward. In 3-5 years from now, we see Tickmill as a diversified financial services company with balanced revenue streams where the brokerage business makes up just one part of total revenues,” Mattus elaborated on the firm’s plans.
Looking for Acquisition Opportunities in 2019
Tickmill also outlines that with its net capital base of $40.7 million as of the end of 2018, the firm is well positioned to grow its business. The company stated that it is looking for attractive acquisition opportunities to further increase its geographic reach and market share.
In the first quarter of 2019 Tickmill reports having onboarded a record number of new clients, fueled by its strong Introducing Broker network. Meanwhile, despite low market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term during the first quarter, the company’s net trading revenue was $12.94 million, up 8.8 percent when compared to Q1 2018.
In the year ahead, Tickmill projects to reach a full-year trading volume of $1.4 - $1.5 trillion.
Commenting on the results, the Group COO, Ingmar Mattus, said: “We remain on track for achieving our strategic objectives aiming to become a stronger, more agile and competitive organization capable of delivering sophisticated products and high-quality service to our global client base.”
One company which appears to have weathered the ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term storm rather well is Tickmill. The company shared with Finance Magnates that it ended 2018 by posting significant growth across all key financial metrics.
Consolidated net profits in 2018 stood at $19.67 million, a figure which is higher by 33 percent when compared to 2017. Tickmill Group’s net trading revenue came in at $45.13 million, amounting to a 16 percent increase when compared to the previous year.
Furthermore, yearly trading volumes stood at $1.37 trillion posting a sharp increase of 84 percent when compared to the previous year. The company handily beat its own estimates between $1.2 and 1.3 trillion.
Key Drivers for Growth
Illimar Mattus, CFO of Tickmill
Commenting to Finance Magnates, the CFO of Tickmill Group, Illimar Mattus shared that Tickmill has been engaged in cost-cutting over the past two years. Operational costs have been the primary focus of the effort, but the firm also saved due to an increasing level of automation and overall efficiencies in terms of how the company is generating revenues.
“In light of the stricter regulatory environment, we will maintain this conservative approach in regards to our costs while also trying to execute on plans to increase our revenues,” Mattus explained.
This year the company will continue to be focused on continuing its expansion in the FX and CFD business with the biggest growth areas in terms of geography across Europe, the MENA region, Asia Pacific and South America.
“In terms of product offerings, we look into possibilities of adding in the near future extra products and platforms to diversify our revenue streams going forward. In 3-5 years from now, we see Tickmill as a diversified financial services company with balanced revenue streams where the brokerage business makes up just one part of total revenues,” Mattus elaborated on the firm’s plans.
Looking for Acquisition Opportunities in 2019
Tickmill also outlines that with its net capital base of $40.7 million as of the end of 2018, the firm is well positioned to grow its business. The company stated that it is looking for attractive acquisition opportunities to further increase its geographic reach and market share.
In the first quarter of 2019 Tickmill reports having onboarded a record number of new clients, fueled by its strong Introducing Broker network. Meanwhile, despite low market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term during the first quarter, the company’s net trading revenue was $12.94 million, up 8.8 percent when compared to Q1 2018.
In the year ahead, Tickmill projects to reach a full-year trading volume of $1.4 - $1.5 trillion.
Commenting on the results, the Group COO, Ingmar Mattus, said: “We remain on track for achieving our strategic objectives aiming to become a stronger, more agile and competitive organization capable of delivering sophisticated products and high-quality service to our global client base.”