INFINOX reports soaring revenues and client AuM in 2022
INFINOX, a company with its global headquarters in London, has released its year-end results for the period ending March 31, 2022. The company reported a significant year-over-year increase in key metrics like revenues, profitability, and client growth as the year came to a close.
In the fiscal year that ended in March, INFINOX recorded revenues of £17.08 million ($20.8 million), a significant increase of 104 percent from £8.37 million ($10.19 million) in the previous fiscal year. Another significant change in 2022 was the gross profit, which increased by £8.55 million ($10.4 million) from £6.6 million, or 30% on an annual basis.
According to INFINOX’s financial measures, its operations generated a net profit of £1.06 million ($1.3 million), up from £228k in 2021. Additionally, INFINOX continued to grow steadily in terms of customer acquisitions in 2022. When compared to the previous year, the total amount of the customer assets under administration climbed by 65%, reaching £14 million. This expansion occurred in spite of a number of difficult economic environments and unrest in its primary regions.
The full-year results confirmed a pattern that had been developing throughout FY 2022: the launch of the company’s IXO Prime brand paid off over the whole fiscal year, driving revenues to new highs. Over 300 trading instruments are available through the multi-asset liquidity solution, which is supported by a worldwide trading infrastructure. Clients can also take use of additional perks like IXO Position Keeper, technology, white label services, and more.
Since the new product provides liquidity and institutional services to brokers, money managers, business clients, prop trading desks, and Fintech firms, INFINOX claimed that the company has had a great year. In order to give its customers access to the most recent trading platform, INFINOX also launched the MT5 platform offering. The broker has started providing access to a variety of exchange traded futures products via a White Label solution.
According to INFINOX, the new product was the consequence of a buildup of interest in trading companies on significant international marketplaces, including those in Europe and the Americas. This comprises businesses trading on the London Stock Exchange, New York Stock Exchange, Frankfurt Stock Exchange, Madrid Stock Exchange, Euronext Paris Exchange, and Amsterdam Stock Exchange.
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