TRADING PROVIDER INFINOX GENERATES UK REVENUE OF £17.1M AS INSTITUTIONAL DIVISION DOUBLES
- INFINOX continues its recent upward growth trajectory, earning UK revenue of £17.1m in the last financial year, company results reveal
- The trading provider’s institutional arm IXO Prime has trebled its UK trading volumes resulting in a 100%+ increase in revenue
- Year of growth sees INFINOX achieve strong profits whilst expanding its product offering via the IX Exchange traded platform
London, 19th December 2022 – The online trading provider INFINOX generated UK revenue of £17.1m, its company results reveal.
The company’s institutional division IXO Prime, which provides financial infrastructure and liquidity to stock markets, performed particularly strongly – increasing its revenue by 100%+ and trebling its UK trading volumes compared to the previous year.
Founded in 2009 and headquartered in the City of London, INFINOX Capital Ltd enables sophisticated private investors to trade a full range of asset classes, from forex to equities and commodities.
The company’s operations, which are regulated by the Financial Conduct Authority, have adapted well to the ever-changing regulatory environment, the introduction of the UK MiFID framework and the impact of the COVID-19 pandemic.
Despite the constant turbulence of the markets during the 12 months to 31st March 2022, INFINOX grew its position and remained well capitalised, delivering UK pre-tax profits of £1.3m over the financial year.
The company also positioned itself to capitalise on the rising demand for product diversification from investors by releasing the IX Exchange traded product.
Jay Mawji, Managing Director of INFINOX Capital Ltd, said:
“The 100%+ increase in revenue is attributed to the growth of the IXO Prime Liquidity product. Based on competitive pricing, a global trading infrastructure and the hallmark of INFINOX premium client service, the IXO Prime offering will continue to grow as we develop existing relationships and attract new clients.”
“INFINOX’s strong brand reputation has served the business well and we continue to develop opportunities in new regions and products, including the IX Exchange traded product.”
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