Through our focus on a superior product offering and continuous investment in technology, we are pleased to report an audited net profit of $6.27mn which exceeded our 2015 figure by 118% and a record high $473bn full trading volume.
Trading metrics for 2016
We recorded a highly successful year, where our:
- Net profit rose to $6.27mn from $2.88mn in 2015.
- Total trading revenue increased almost 3-fold to $15.85mn from $5.55mn in 2015.
- Total trading volume hit $473bn, compared to $208bn in 2015, surpassing our annual projection of $330bn.
“The strong financial results seen across the board in 2016 are mainly attributable to an increasing number of new clients in Tickmill’s target markets becoming aware of the high quality of services the company offers”, said CEO Duncan Anderson.
One of the top priorities of the year was obtaining the FCA licence and officially launching our UK brokerage services in November 2016. The management team is firmly committed to making the UK division a strong contributor to Tickmill’s long-term financial growth.
In a bid to diversify our reach and offer localised services to improve customer experience, we have expanded our presence in key Asian markets. We have also established a strong foothold in the MENA region and South America, where we expect to see good results in 2017.
Mr. Anderson added: “Tickmill has become a globally preferred broker for smart algorithmic traders and institutional clients who value tight spreads, low commissions, ultra-fast execution and a trading environment where all strategies, including scalping and news trading, are allowed.”
Growth expectations for 2017
In 2017, we project to reach a $600-650bn full-year trading volume and to further expand our global reach both organically and inorganically.
- Organically, through the enhancement of awareness of the Tickmill brand in key markets, the establishment of a strong network of partners and Introducing Brokers and the launch of new products and services.
- Inorganically, by looking for opportunities to either acquire or build strategic relationships with other industry participants who share the same values and business ethics.