IS Prime Reports Revenues of £37.9m and £10.1m Operating Profit
March 02, 2022 - London headquartered Prime of Prime S Prime, part of the ISAM Capital Markets Group, has submitted its 2021 financial results, reporting turnover of £37.9m for y/e June 2021 (£36.1m y/e March 2020) and significant investments to pave the way for future growth.
The London-headquartered Prime of Prime reported an increase in Net Assets from £10.7m to £18.8m by retaining the period’s profits.
Operating profit of £10.1m was down year on year largely due to the firm’s increased expenditure on in its people, technology and a larger premises in the City, London to accommodate growth.
Raj Sitlani, Managing Director of ISAM Capital Markets said, “We have taken the opportunity to invest in our business over the course of the pandemic and, despite the challenges of operating in this environment and of an increasingly competitive market, we have continued to grow the business and have laid the foundations for continued growth in the post COVID world. Due to this, our staff and office costs have increased substantially.
“With our new office, our exceptional team, significant investment in technology and a growing and diversified client base, we believe we are in a strong position for continued growth. We also have plans in place to broaden our offering with a range of new products for brokers, fund and asset managers. This will reinforce our position as a global market leading Prime of Prime.”
IS Prime was founded in 2014 by Raj Sitlani and Jonathan Brewer together with systematic hedge fund manager, ISAM.
IS Prime, part of ISAM Capital Markets, offers full service brokerage and execution via its cutting edge proprietary technology. As a Prime of Prime, IS Prime provides aggregated pricing sourced primarily from Tier one institutions, settled through the group’s bank Prime Brokers. ISAM Capital Markets also includes IS Prime Hong Kong (regulated by the SFC) and risk management specialist, IS Risk Analytics.
To learn more about the service provided by IS Prime, please use the links below:
LiquidityFinder
LiquidityFinder was created to take the friction out of the process of sourcing Business to Business (B2B) liquidity; to become the central reference point for liquidity in OTC electronic markets, and the means to access them. Our mission is to provide streamlined modern solutions and share valuable insight and knowledge that benefit our users.
If you would like to contribute to our website or wish to contact us, please click here or you can email us directly at press@liquidityfinder.com.