Sucden Financial Reports Another Year of Strong Financial Performance
- The London-based firm has adapted its processes to deal with the effects of Covid-19
Multi-asset Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, clearing and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provider, Sucden Financial, has today announced its latest financial results. The audited accounts for the year ending 31 December 2019, show continued strong revenues and profits, together with a strengthened balance sheet.
Despite revenue being down 6.8% from 2018 to 2019, net profit declined by only 1.83%. Total net assets jumped 8.65% from £125.6 million in 2019, against £115.6 million in 2018.
Key highlights:
- Total net assets of £125.6 million, against £115.6 million in 2018
- Net revenues of £59 million, against £63.3 million in 2018
- Net profit of £16.1 million, against £16.4 million in 2018
Dealing with Covid-19 impact
“Our 2019 financial results show the strength and success of our diversified business. This year we have been adapting our processes to deal with the effects of the Covid-19 virus on our working environment and its impacts for our clients and markets. Our dedicated workforce and resilient infrastructure have allowed us to not only maintain but continue enhancing our multi-asset services,” Marc Bailey, CEO at Sucden Financial, says.
Bailey took on his new role in January 1st 2020, replacing Michael Overlander, who left his position to become non-executive Chairman of the company.
Overlander has worked for the Sucden Group since 1973 and was appointed to the board of Sucden Financial in 1984.
Serving customers worldwide , Sucden Financial offers brokerage services for exchange, options, equities, foreign exchange, base metals, precious metals, iron one, energy, softs and agriculture, and bullion markets.
Multi-asset Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, clearing and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provider, Sucden Financial, has today announced its latest financial results. The audited accounts for the year ending 31 December 2019, show continued strong revenues and profits, together with a strengthened balance sheet.
Despite revenue being down 6.8% from 2018 to 2019, net profit declined by only 1.83%. Total net assets jumped 8.65% from £125.6 million in 2019, against £115.6 million in 2018.
Key highlights:
- Total net assets of £125.6 million, against £115.6 million in 2018
- Net revenues of £59 million, against £63.3 million in 2018
- Net profit of £16.1 million, against £16.4 million in 2018
Dealing with Covid-19 impact
“Our 2019 financial results show the strength and success of our diversified business. This year we have been adapting our processes to deal with the effects of the Covid-19 virus on our working environment and its impacts for our clients and markets. Our dedicated workforce and resilient infrastructure have allowed us to not only maintain but continue enhancing our multi-asset services,” Marc Bailey, CEO at Sucden Financial, says.
Bailey took on his new role in January 1st 2020, replacing Michael Overlander, who left his position to become non-executive Chairman of the company.
Overlander has worked for the Sucden Group since 1973 and was appointed to the board of Sucden Financial in 1984.
Serving customers worldwide , Sucden Financial offers brokerage services for exchange, options, equities, foreign exchange, base metals, precious metals, iron one, energy, softs and agriculture, and bullion markets.