Aquis Exchange (LON: AQX) reported net revenue of £20.1 million in the fiscal year 2022, which is a yearly jump of 24 percent, in its latest audited results published on Thursday. It closed the year with a 27 percent jump in pre-tax profits at £4.5 million.

Significant Improvement in the Business Performance of Aquis

According to the official numbers, the exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term's underlying profit, which is the combination of pre-tax profits and comprehensive income, gained 41 percent to touch £4.7 million. The basic earnings per share for the fiscal year came in at 17 pence, which remained equivalent to the previous year.

The latest results show that the performance of the exchange significantly improves in the second half of the last fiscal year. As Finance Magnates reported earlier, Aquis generated net revenue of £8.3 million in the first six months of the year, while its EBITDA came down to £1.4 million from £1.6 million because of investments in technology and workforce.

"I am very pleased to be reporting another year of significant growth," said the CEO of Aquis, Alasdair Haynes. "The Group profited from significant growth in the technologies division, along with strong performances in pan-European secondary market trading, the primary market activities of Aquis Stock Exchange, and data revenue."

Diversified Revenue Streams

Aquis has a diversified revenue stream. It operates a pan-European cash equities trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, which is a primary market place and develops and licenses exchange software.

In addition, the London-headquartered company strengthened its business with the launch of Aquis Matching Pool, thus further diversifying its dark pool offerings and offsetting a decrease in 'lit volumes' across the market. Moreover, it added three additional members to Aquis Markets, taking the number to 41.

"In 2022, we saw milestones reached in each division with the launch and growth of the Aquis Matching Pool (AMP); significant interest in Aquis Technologies' pioneering exchange technology and particularly its cloud-native and 24/7 functionality, and an impressive 22 new listings on the Aquis Stock Exchange – the most of any growth exchange in the UK," Haynes added.

"Amidst changing market dynamics in the UK and abroad, there are significant opportunities for Aquis across all divisions, and we are looking forward to continuing our growth strategy. Trading so far has been in line with market expectations."

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