Global Markets Group Limited (GMG) reported higher revenue and a smaller annual loss in FY2026. The results came during a year in which the FCA-regulated broker moved beyond its matched-principal restriction and began building an institutional liquidity and prime services business.
Turnover reached £1.64 million in the year to 31 March 2026, compared with £107,122 a year earlier. Gross profit rose to £954,966 from £49,206, while the operating loss narrowed to £202,235 from £730,416.
After interest income, the net loss fell to £161,206 from £717,748. GMG also reported growth in client numbers and trading volumes, although it did not disclose the figures.
The company ended the year with £2.71 million in own funds and £1.25 million in liquid assets, both above its regulatory requirements.
From Matched Principal to GMG Prime
The contrast is visible in GMG’s two latest annual reports. FY2025 described the company primarily as an execution-only broker serving retail and professional clients under a matched-principal restriction.
It hedged client transactions with liquidity providers and earned income from spreads, commissions and overnight financing.
The FY2026 report instead gives greater prominence to GMG Prime, institutional execution and the company’s full-principal permissions. The FCA removed the matched-principal restriction in July 2025, allowing GMG to internalise a proportion of client orders.
The company said it nevertheless hedged most client positions during the year and maintained minimal market exposure.
GMG launched GMG Prime in November as an institutional division targeting brokerages, family offices and hedge fund managers. It aggregates pricing from Tier 1 banks, brokers and hedge funds, with products covering spot and forward foreign exchange, metals, commodities, indices and shares.
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Liquidity, Technology and Credit Access
To support the institutional offering, GMG integrated MetaQuotes’ Ultency Matching Engine and entered a prime-of-prime agreement with Hidden Road Partners CIV UK.
Ultency allows brokers to access GMG’s liquidity through MetaTrader 5 and provides price aggregation, order matching and real-time risk management through FIX connectivity.
The Hidden Road agreement, signed in March and launched after the year-end in June, gives GMG a single credit counterparty for access to liquidity providers, exchanges and electronic communication networks.
It covers foreign exchange, metals, exchange-traded derivatives, fixed income and digital assets, reducing the need for multiple bilateral margin and settlement relationships.
For FY2027, management plans to consolidate the operational growth achieved during the year and build revenue across trading, commissions, financing and market making.
GMG also intends to continue investing in its Consumer Duty framework, including annual fair-value assessments and outcome monitoring.
