XTX Markets Records Healthy Profits And Revenues For 2019

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XTX Markets stands as one of the leaders in non-bank liquidity providers within the forex industry. Recently, the firm has published its annual financials ending on the 31st of December, 2019. This shows that the Company has managed to see an 11.3% uptick in revenue, recording a total revenue of £339.8 million for the year of 2019.

Large Increase In Profits And Revenues

The Companies House filings took note that the key performance indicators for XTX are the net revenues of the Company. This large jump in revenues has been attributed to improvements to its internal trading model, as well as favorable conditions within the market, overall. This comes directly from XTX Markets.

The trading company managed to see a reduction in operating expenses, as well. This, in turn, saw a total profit before tax to be set at £197 million. The after-tax profits managed to be recorded at £138.7 million. Measured year-over-year, this is a jump of 19%

XTX Markets Becoming Biggest EU Player

The Company is regulated by the Financial Conduct Authority (FCA), a UK-based financial regulator. The Company saw a net profit margin, after taxation as well, shoot up to 41% for 2019. Just a year prior, this number was set at 38%.

This healthy increase in both revenue and profit has followed an extremely successful 2018, where XTX markets saw both these numbers almost double.

The Company explained that the year of 2019 saw it become one of the largest Spot FX liquidity providers in the world. Furthermore, it became the largest liquidity providers within European equities, as well. This occurred due to it building out its growth client franchise.

Preparations For The Future

XTX also saw its shareholder equity increase by an impressive 27%, going up to £258.3 million in value. This occurred after the Company managed to retain £83.6 million in profits. This was used to pay its parent group interim dividends. This, in turn, will be leveraged to fund other entities within the XTX Group for various operational purposes.

The director of the Company gave comment about the future of XTX Markets, as well. In particular, he addressed concerns related to the COVID-19 pandemic’s impact in the markets, as well as Brexit.

The filing stated that both these factors bring increasing uncertainty to global markets, but assured the public that the Company is well and truly prepared for it. As proof, the filing highlighted its French legal entity: XTX Markets SAS. This French arm will be incorporated as a sister company, and the Company itself will be repositioned appropriately within the trading books during 2019.

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