Advanced Markets UK Turns Profitable in 2021, Revenue Jumps 13%

Advanced Markets (UK) Limited, the FCA-regulated subsidiary of the wider Advanced Markets Group, turned a profit in 2021 fiscal with a healthy jump in revenue as well.

The published numbers only show the performance of the UK unit and not the group or any other subsidiaries.

According to the latest Companies House filing of the company, it ended the financial year, ended on 31 December 2021, generating a revenue of $1.29 million. The figure was more than 13 percent higher than the one reported in the previous year.

Though the administrative costs to the company jumped to $1.31 million from $1.28 million, the company gained $49,850 from other operating income sources. It ended the year with an operating profit of $29,900, compared to an operating loss of $136,487 in the previous year.

A Profitable Company

After considering payable and receivable interest, the UK arm of the group reported a profit of $10,330, recovering from a loss of $111,367 in the last year. It was the first time the FCA-regulated arm of Advanced Markets has turned a profit since its establishment in 2018.

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

“[The] fiscal year 2022 has started well, and the directors continue to expect positive returns moving forward.”

Advanced Markets provides institutional foreign exchange 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 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.

Earlier this month, Advanced Markets Group strengthened its compliance team by onboarding Evangeline Mauthe as a Compliance and Anti-Money Laundering Officer.