ITI Capital Ends 2020 with 69% Revenue Jump
- The broker added around 21,000 clients from the distressed SVS Securities.
FCA-regulated ITI Capital, a provider of dealing and brokerage services to both retail and institutional traders, reported a 69 percent increase in its revenue for 2020, ending on December 31. The absolute revenue figure of the company came in at £5.83 million, compared to the previous year’s £3.46 million.
The yearly surge in the revenue also helped the company to narrow down its operations and overall losses. It ended the year with a pre-tax loss of £2.4 million, while this figure was at £2.91 million in the previous year.
“2020 was a difficult year for the business with it managing both a significant Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term and dealing at the same time with keeping its existing business operations going throughout the onset and development of the Covid pandemic,” the broker stated in the Companies House filing.
“The board remains optimistic that despite a loss incurred during 2020, the investment that has now been made in improving the business operating infrastructure combined with the recruitment of key new personal, that these initiatives will set the foundations of a more profitable and dynamic business in the future.”
The UK operations of the broker onboarded new CEO, COO and CRO last year to improve the governance structure.
Onboarding of SVS Clients
Additionally, the yearly revenue increase of the broker was pushed by its acquisition of the clients of now-defunct SVS Securities. ITI added around 21,000 clients of the distressed broker that brought in £250 million in assets.
The client cash held by the broker at the end of the year remained £74.8 million, which is 104 percent higher than the previous year.
“Further additional improvements were made in our technology covering order management, trade surveillance and reporting, Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term, accounting and client reporting,” the filing added.
FCA-regulated ITI Capital, a provider of dealing and brokerage services to both retail and institutional traders, reported a 69 percent increase in its revenue for 2020, ending on December 31. The absolute revenue figure of the company came in at £5.83 million, compared to the previous year’s £3.46 million.
The yearly surge in the revenue also helped the company to narrow down its operations and overall losses. It ended the year with a pre-tax loss of £2.4 million, while this figure was at £2.91 million in the previous year.
“2020 was a difficult year for the business with it managing both a significant Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term and dealing at the same time with keeping its existing business operations going throughout the onset and development of the Covid pandemic,” the broker stated in the Companies House filing.
“The board remains optimistic that despite a loss incurred during 2020, the investment that has now been made in improving the business operating infrastructure combined with the recruitment of key new personal, that these initiatives will set the foundations of a more profitable and dynamic business in the future.”
The UK operations of the broker onboarded new CEO, COO and CRO last year to improve the governance structure.
Onboarding of SVS Clients
Additionally, the yearly revenue increase of the broker was pushed by its acquisition of the clients of now-defunct SVS Securities. ITI added around 21,000 clients of the distressed broker that brought in £250 million in assets.
The client cash held by the broker at the end of the year remained £74.8 million, which is 104 percent higher than the previous year.
“Further additional improvements were made in our technology covering order management, trade surveillance and reporting, Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term, accounting and client reporting,” the filing added.