Alpha Reports Solid Results for First Half of Fiscal Year

Alpha Capital Markets, or ACM Group as it is also known, reported on the first six months of its fiscal year ending 31 March. The company registered a 123 percent increase in revenues year-on-year with client assets growing 60 percent to about £75 million at the end of the period, increasing £30 million in the first three months of the year.

Despite an expected increase in its cost of sales to £7.1 million, which is a rise of 78 percent year-on-year, revenue growth raced ahead at 123 percent, turning the company a net profit of almost £1.8 million.

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Commenting to Finance Magnates, the CEO of Alpha, Muhammad Rasoul, said: “The second quarter was very challenging from a market making perspective - markets were predominantly rangebound and Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term was low. We have a good balance of fee-based income and risk-based income which helped mitigate the impact for us.”

The company has focused its business on the institutional side and is therefore better positioned to weather the storm in the retail space that impacted retail brokers in the industry in Q1.

“We are working only with professional investors, introducing brokers or small and mid-sized brokers that are looking for Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term. Our model is to sell B2B instead of going out there and competing with major retail brokers,” the CEO of Alpha explained.

Looking ahead, Alpha is expecting to close the fiscal year on a strong note amid improved market conditions and efficiency in its Chinese business that will take hold in the second half of the company’s fiscal year.