Tickmill Group Reports Record Financial Result for First Half 2018, Total Trade Volume Tops $624 billion - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.


Tickmill Group Reports Record Financial Result for First Half 2018, Total Trade Volume Tops $624 billion

September 15, 2018
Duncan Anderson, CEO of Tickmill UK Tickmill Group Reports
Duncan Anderson, CEO of Tickmill UK

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
Illimar Mattus, CFO of Tickmill UK

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.”

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