The company’s turnover reached £18 million, while net profit stood at £2.2 million.
Compared to 2022, profits have increased by 1,000%.
The UK
branch of foreign exchange (FX) and fixed-income software developer Smart Trade
Technologies has released its fiscal year 2024 results, showing growth in
turnover, revenue, and profits. Operating profits reached £2.2 million,
doubling from the previous year's reported levels.
Smart Trade Technologies
Reports Strong Finish to FY24
In the
latest report filed with the UK's Companies House, Smart Trade Technologies UK
Limited attributes the strong results for fiscal year 2024 (FY24) ending March
31 to increased activity and sales momentum in Europe and the UK.
The report
reveals that the company's turnover stood at nearly £18 million, growing 16%
from £15.5 million. With sales costs remaining steady at under £14 million,
this translated into an increase in gross and operating profit as mentioned
earlier.
The final
net profit was £2.2 million, rising 69% from £1.3 million reported in fiscal
year 2023. This marks another year of net profit and a 1000% jump from two
years ago when net profit was just £200,000.
The
company's assets also increased, growing from £1.9 million to £2.9 million.
Recently,
SmartTrade Technologies successfully expanded its Private Cloud offering to
Zürich, Switzerland, responding to growing client demand for enhanced hosting
and disaster recovery services in mainland Europe.
This
expansion, achieved in collaboration with Equinix, strengthens SmartTrade's
global infrastructure, adding to existing sites in London, New York, and Tokyo,
and further demonstrates the company's commitment to providing resilient and
geographically diverse solutions for critical trading and payments systems.
Other Financial Results
Several
other firms have also recently presented their FY24 reports. One of them was
Beeks Financial Cloud Group plc (AIM: BKS), which announced preliminary
financial results for the fiscal year ending June 30, 2024, noting revenue
growth and an increase in recurring revenue.
The cloud
computing and connectivity services provider for financial markets stated that
its FY24 revenue is expected to be approximately 27% higher than the previous
year. The company's Annualized Committed Monthly Recurring Revenue (ACMRR)
reached £28.0 million, an 18% increase from £23.8 million reported at the end
of the previous fiscal year.
Meanwhile,
Japan's Monex Group increased its net profit by nearly 850% to 31.5 billion JPY
in fiscal year 2024 compared to the previous period. At the same time,
operating revenue grew by 20% to 66.8 billion JPY.
The UK
branch of foreign exchange (FX) and fixed-income software developer Smart Trade
Technologies has released its fiscal year 2024 results, showing growth in
turnover, revenue, and profits. Operating profits reached £2.2 million,
doubling from the previous year's reported levels.
Smart Trade Technologies
Reports Strong Finish to FY24
In the
latest report filed with the UK's Companies House, Smart Trade Technologies UK
Limited attributes the strong results for fiscal year 2024 (FY24) ending March
31 to increased activity and sales momentum in Europe and the UK.
The report
reveals that the company's turnover stood at nearly £18 million, growing 16%
from £15.5 million. With sales costs remaining steady at under £14 million,
this translated into an increase in gross and operating profit as mentioned
earlier.
The final
net profit was £2.2 million, rising 69% from £1.3 million reported in fiscal
year 2023. This marks another year of net profit and a 1000% jump from two
years ago when net profit was just £200,000.
The
company's assets also increased, growing from £1.9 million to £2.9 million.
Recently,
SmartTrade Technologies successfully expanded its Private Cloud offering to
Zürich, Switzerland, responding to growing client demand for enhanced hosting
and disaster recovery services in mainland Europe.
This
expansion, achieved in collaboration with Equinix, strengthens SmartTrade's
global infrastructure, adding to existing sites in London, New York, and Tokyo,
and further demonstrates the company's commitment to providing resilient and
geographically diverse solutions for critical trading and payments systems.
Other Financial Results
Several
other firms have also recently presented their FY24 reports. One of them was
Beeks Financial Cloud Group plc (AIM: BKS), which announced preliminary
financial results for the fiscal year ending June 30, 2024, noting revenue
growth and an increase in recurring revenue.
The cloud
computing and connectivity services provider for financial markets stated that
its FY24 revenue is expected to be approximately 27% higher than the previous
year. The company's Annualized Committed Monthly Recurring Revenue (ACMRR)
reached £28.0 million, an 18% increase from £23.8 million reported at the end
of the previous fiscal year.
Meanwhile,
Japan's Monex Group increased its net profit by nearly 850% to 31.5 billion JPY
in fiscal year 2024 compared to the previous period. At the same time,
operating revenue grew by 20% to 66.8 billion JPY.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Forex Industry Watchdog Sounds Alarm on Regulatory Wild West
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
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As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage.
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In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
📣 Stay updated with the latest in finance and trading!
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For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
📣 Stay updated with the latest in finance and trading!
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