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- INFINOX is adapting well to Brexit and a number of regulatory changes and had UK sales of £ 8.4m in its most recent fiscal year, company results show
- The retailer’s UK client assets under management reach £ 8.7m while its institutional arm IX Prime has doubled its UK trading volume and increased its customer base by 50%.
- In the year of consolidation, INFINOX makes solid profits domestically and expands its global ambitions by gaining regulatory approval from the South African FSCA. receives
The company’s IX Prime institutional division, which provides liquidity, technology and risk management to institutional clients, performed particularly well and grew its client base in the UK 50% and doubles the trading volume in the UK compared to last year.
Founded in 2009 and headquartered in the City of London, INFINOX Capital Ltd enables discerning retail investors to trade a wide range of asset classes, from currencies to stocks to commodities.
The company’s operations, regulated by the Financial Conduct Authority, have adapted well to the post-Brexit regulatory environment, the introduction of the UK MiFID framework and the impact of the COVID-19 pandemic.
Despite the constant turbulence on the markets in the 12 months to 31NS In March 2021, INFINOX consolidated its position and remained well capitalized, posting UK pre-tax profit of £ 292,402 for the year.
The company also positioned itself to capitalize on growing demand from African investors and successfully received regulatory approval from the South African Financial Sector Conduct Authority.
Robert Berkeley, CEO of INFINOX Capital, called:
“The last 18 months have been challenging, exciting and rewarding for INFINOX. We have embraced significant changes including Brexit and the creation of the UK MiFID framework, as well as the high volatility of a global economy in the grip of the Covid pandemic.
“The UK trading environment has proven to be a test, but the company has proven to be extremely resilient and we have strategically realigned our operations to continue providing our customers with the high quality service they have come to expect from INFINOX. This consolidation, coupled with the rapid success of our IX Prime offering as well as the experience and competence of our team and our robust balance sheet, put us in a very strong position to drive future growth. “
More information about INFINOX Capital can be found at www.infinox.co.uk
For more information, please contact Jack Izzard of Rhizome Media at 07791 106822 or [email protected]
About INFINOX
INFINOX Capital Ltd is a global online trading platform based in the City of London. Authorized and regulated by the Financial Conduct Authority, it enables clients to trade a wide range of asset classes, from currencies to stocks to commodities.
Its business is built on integrity and trust and provides its customers with access to a range of market intelligence tools as well as dynamic products, competitive trading parameters and first class personal customer service.
www.infinox.de
