Cost efficiency, automation and geographical diversification lead to new records
One company which appears to have weathered the ESMA 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
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 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 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
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 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.”
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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