Main Retail FX and CFDs dealer ATFX has launched 2022 monetary outcomes for its FCA regulated UK entity, AT International Markets (UK) Restricted, indicating a powerful yr of development for the corporate on each the highest and backside line. ATFX UK operates the ATFX Join model concentrating on primarily HNW and institutional purchasers.
Revenues at ATFX UK rose by 8% in 2022 (fiscal yr finish October 31) to £3.2 million, versus £2.9 million in 2021. The corporate noticed a 13% rise in web property to £7.4 million (2021: £6.56 million), which included £4.3 million of money balances. Accordingly the corporate mentioned it has a powerful steadiness sheet and is properly positioned to attain its long run technique. ATFX UK made a revenue of £838,189 in 2022, up from £224,558 the earlier yr.
Following the top of the yr ATFX UK continued to develop the model making quite a few key hires, together with former Swissquote government Gonzalo Canete who joined as Chief Market Strategist, and Chris James who joined ATFX UK from State Road / Currenex as Head of Liquidity Administration.
ATFX UK famous that the agency will proceed to market itself on to EEA and different worldwide territories, the place permitted. The important thing targets would be the current excessive web value purchasers , fund managers, brokers and banks who need to diversify their portfolio and are comfy with the danger profile and volatility that investing and buying and selling in derivatives can provide.
ATFX is managed by Hong Kong primarily based entrepreneur Hiu Keung (Joe) Li. The group has licensed subsidiaries within the UK (FCA), Cyprus (CySEC), Mauritius, the UAE, and not too long ago acquired the ASIC licensed CFDs enterprise of Rakuten Australia.
ATFX UK’s 2022 earnings assertion and steadiness sheet observe beneath.
