The net profit was at £23.9 million before taxation.
Total assets also grew, reaching a value of £168.5 million.
Sucden
Financial, a multi-asset execution and clearing provider, announced on Tuesday
an increase in profits and overall net assets for 2023 despite a 13% dip in
revenue.
Sucden Profit Rises 30%, Revenue
Dips in Volatile Year
The
London-based company reported profit before taxation of £23.9 million for the
year ending December 31, 2023, up 30% from £18.4 million in 2022. Total net
assets rose to £168.5 million from £160.7 million the previous year.
However,
net revenue decreased to £69.7 million from £79.8 million in 2022, reflecting
the volatile market environment.
Marc Bailey, Chief Executive Officer of Sucden Financial
"We
achieved another strong performance in 2023, with profits up by more than 30%
and delivered significant returns for shareholders following the completion of
a number of strategic initiatives in the year," Marc Bailey, Chief
Executive Officer of Sucden Financial, commented.
Interestingly, the net revenue was almost at the same level as in the 2021 report, when it amounted to £69.8 million. At that time, the company reported a pre-tax profit of £18.0 million, which was 1,025% higher than during the COVID-19 pandemic year.
Sucden
Financial has been operating in the market for over 50 years. Starting as a
company specializing in commodities trading, it has expanded over the years
into other markets, including fixed-income and FX.
“We are
well-positioned to deliver further growth in the year ahead as we adapt to
changing market conditions and further develop our products and systems to
create new opportunities for clients,” Bailey added.
Sucden's New Partnerships
At the
beginning of this year, Finance Magnates reported that Sucden has partnered with Intercontinental Exchange, Inc. (ICE), a global technology
and data provision platform.
Through
this partnership, Sucden plans to utilize ICE's Portfolio Analytics platform
for real-time pricing, trading, and risk management of derivatives,
demonstrating a commitment to maintaining a competitive edge in a dynamic
market environment.
A month
earlier, Sucden had also partnered with another exchange, Nasdaq. Both parties
renewed their agreement to continue utilizing Nasdaq's Risk Platform. This partnership
enables Sucden Financial to improve its real-time monitoring, management, and
mitigation of market and liquidity risks across its global proprietary and
client trading portfolios.
Sucden
Financial, a multi-asset execution and clearing provider, announced on Tuesday
an increase in profits and overall net assets for 2023 despite a 13% dip in
revenue.
Sucden Profit Rises 30%, Revenue
Dips in Volatile Year
The
London-based company reported profit before taxation of £23.9 million for the
year ending December 31, 2023, up 30% from £18.4 million in 2022. Total net
assets rose to £168.5 million from £160.7 million the previous year.
However,
net revenue decreased to £69.7 million from £79.8 million in 2022, reflecting
the volatile market environment.
Marc Bailey, Chief Executive Officer of Sucden Financial
"We
achieved another strong performance in 2023, with profits up by more than 30%
and delivered significant returns for shareholders following the completion of
a number of strategic initiatives in the year," Marc Bailey, Chief
Executive Officer of Sucden Financial, commented.
Interestingly, the net revenue was almost at the same level as in the 2021 report, when it amounted to £69.8 million. At that time, the company reported a pre-tax profit of £18.0 million, which was 1,025% higher than during the COVID-19 pandemic year.
Sucden
Financial has been operating in the market for over 50 years. Starting as a
company specializing in commodities trading, it has expanded over the years
into other markets, including fixed-income and FX.
“We are
well-positioned to deliver further growth in the year ahead as we adapt to
changing market conditions and further develop our products and systems to
create new opportunities for clients,” Bailey added.
Sucden's New Partnerships
At the
beginning of this year, Finance Magnates reported that Sucden has partnered with Intercontinental Exchange, Inc. (ICE), a global technology
and data provision platform.
Through
this partnership, Sucden plans to utilize ICE's Portfolio Analytics platform
for real-time pricing, trading, and risk management of derivatives,
demonstrating a commitment to maintaining a competitive edge in a dynamic
market environment.
A month
earlier, Sucden had also partnered with another exchange, Nasdaq. Both parties
renewed their agreement to continue utilizing Nasdaq's Risk Platform. This partnership
enables Sucden Financial to improve its real-time monitoring, management, and
mitigation of market and liquidity risks across its global proprietary and
client trading portfolios.
Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.
His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.
Education:
MA in Finance and Accounting, Cracow University of Economics
Cboe Files SEC Proposal for 24x5 Trading on EDGX: Also Plans Partial-Payout Prediction Markets
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
