Advanced Markets (UK) Limited, the FCA-regulated unit of the wider Advanced Markets Group, ended the fiscal year 2022 with a turnover of $2.13 million, an increase of more than 64 percent annually. The figure was at $1.29 million in the previous fiscal year.

The company also turned a net profit of $372,673 last year, significantly higher than the $10,330 in the previous year. However, similar to other years, the company will refrain from paying dividends.

Advanced Markets provides institutional foreign exchange Liquidity and prime-of-prime services to the Forex and CFDs trading industry. The Group is headquartered in the United States and operates globally with a presence in several jurisdictions.

Regulations and Market Conditions: Key Factors for the Trading Industry

"The results for the period were in line with the expectations of the directors. The combination of changes in regulation and historical lows in the volatility of the markets slowed the initial growth pattern that they were expecting. However, their long-term commitment remains," the Companies House filing stated.

"Fiscal year 2023 has started well, and the directors continue to expect positive returns moving forward."

According to the income statement of the company, its administrative expenses increased to $1.74 million last year from $1.3 million. Although it did not generate any income from "other" sources, its operating profit came in at $374,811. Considering interests, the pre-tax and net profit of the company remained the same at $372,673, an increase of 350 percent year-over-year.

Expanding Partnerships: Strengthening Industry Presence

Advanced Markets has partnered with several brokerages in the last few months, providing and enhancing their technology and infrastructure. Most recently, the UAE's Daman Securities tapped the services of Advanced Markets to launch a new forex and CFDs brokerage brand, Daman Markets.

Some other companies that partnered with Advanced Markets in recent months are Brokeree Solutions and VertexFX. It also enhanced its offerings by integrating the liquidity from PrimeXM's XCore and FXCUBIC.