Tickmill Group, regulated by UK FCA and provider of FX and CFD brokerage services reported strong financial results for the first half of 2018. Accelerated by higher volatility and market activity, the group reported consolidated net profits of $14.97 million and total trading volume at $624 billion compared to $332 billion in the previous year’s period, which is almost double.
Across its three entities, Tickmill UK Ltd, Tickmill Europe Ltd and Tickmill Ltd, the group executed 35.7 million trades for its clients, with an average number of trades being executed per month stand at 5.9 million. In May 2018, the group executed record 6.8 million trades for its client. The total trade figures reported is nearly double compared to previous year and also last year’s record figure of 3.6 million trades was posted in March 2017.
Duncan Anderson, CEO of Tickmill UK Ltd, stated:
“Our consistent growth in key financial metrics is a living proof of our robust growth strategy, operational efficiency and firm commitment to delivering value-added products that go above and beyond our Clients’ expectations. Building on this outstanding business performance, we will continue to focus on expanding our global reach and diversifying our activities into new business areas with a view to making Tickmill a respected leader in the financial services industry.”
Illimar Mattus, CFO of Tickmill UK Ltd, said:
“We are pleased to see Tickmill going from strength to strength in our financial performance. Through nimble decisions and strong business leadership, we managed to thrive in an increasingly demanding and complex regulatory environment. Our strong group net capital base of $42.9 million as of June 30, 2018 allows us to look optimistically into the future and expand our business even further. In order to meet end-client demand we are in fact in the process of launching at least 3 new regulated entities in the next 12 months along with new product offerings.”
Ingmar Mattus, COO of Tickmill added:
“We have always been focused on experienced traders and what once might have seemed as a too long-term or low-profit approach in the retail brokerage world is now paying off tremendously. We strongly not only support but also benefit from stricter regulations as they level the playing field given that brokers are forced to compete on crucial end-client profitability factors such as spreads, execution speed, commission rates and client service quality. In view of our operational efficiencies, we are able to rapidly react to the changing environment and meet client needs.”