LandFX UK Posts Second Year of Massive Losses

LandFX UK Ltd, the FCA-regulated arm of Asia-focused provider of FX and CFDs LAND-FX, today unveiled its financial results for the fiscal year ending December 31, 2018, which were characterized by lagging metrics in areas ranging from operating income to revenues.

LandFX UK is part of New Zealand-based brokerage Land-FX, which has a major presence in the Asia Pacific and a global presence with offices around the world including in China, Malaysia, the Philippines, and Russia.

In terms of the aggregated financial results, by the end of December 2018, LandFX UK put together a weak YoY performance relative to 2017 figures, according to its latest filing with the UK’s Companies House.

Specifically, LandFX UK witnessed a deterioration in its operating revenues, which came in at only $80,000 (£65,017) – this figure shows a steep decline from the $155,000 (£126,397) reported back in the same period a year ago.

In terms of its operating income, the figure was even weaker, having yielded a loss of $$727,000 (£591,485) compared to an operating loss of $710,000 (£577,567) for the fiscal year ending December 31, 2017.

LandFX expanded into institutional space

Meanwhile, administrative expenses stayed almost unchanged year-on-year, despite the weak revenues, coming in at $775,000 (£631,042) relative to $847,000 (£689,529) the year prior.

LandFX acquired its FCA license back in 2016 to operate a foreign 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 and CFDs brokerage business. After one year, the company launched an institutional offering under the brand Land-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, which is focused on providing institutional liquidity for FX, CFDs, metals, and commodities.

At the time, LandFX shared with Finance Magnates that one of the reasons for the launch of the institutional business arm of the company is the recent changes in the regulatory environment. According to the firm, the retail FX market in Europe is becoming relatively unattractive for the brokers, which is why the company is looking into new opportunities in the wholesale liquidity and clearing market.