Tickmill UK stands as the British arm of the Group Entity of the same name, and has published detailed financials for the year of 2019, ending on the 31st of December. This report shows a substantial growth across all key metrics. Alongside this, the exchange has posted a jump of 150% in its year-on-year revenue for Q1 2020.
Massive Growth Across The Board
In regard to annual revenue for 2019, the company recorded a jump of 65%, when compared to the year prior, increasing to £7.9 million from the previous £4.8 million.
The operating profits for the platform saw a significant increase compared to 2018, as well, as it recorded £3.4 million, as opposed to 2018’s £1.8 million. This signifies an annual increase of 89%.
The platform itself stands licensed under the Financial Conduct Authority, or FCA, and offers trading services alongside contracts for difference (CFDs). These offers range across a large number of asset classes, including indices, forex, bonds, and commodities.
Only Volatility Going Down
As highlighted by the firm itself, Tickmill manages to generate revenue through the dealing spread: The difference between the buying and selling price of various CFDs. Alongside this, Tickmill gains commission incomes, interests, and exchange gains.
Even with the revenue and profit uptick recorded, Tickmill managed to record lesser trading volumes. Tickmill UK recorded $214 billion in trading volumes for 2019, while 2018 saw trade volumes of $265 billion.
As to how this happened, the brokerage highlighted last year’s low market volatility, alongside further restrictions done by the European Securities and Markets Authority (ESMA) when it comes to marketing and leverage.
Group Growth As A Whole
However, client assets under management went up by a significant degree, as well. Tickmill UK recorded it at £33.1 million, which is 45% more than the year prior. The broker saw an incredible rise in net assets, however, jumping up by 90% for 2019, recording £13.3 million.
Even so, due to the COVID-19 induced market volatility, the platform has gained great benefit. This is a trend that is seen across the entire brokerage industry at large.
The Group, as a whole, including Tickmill UK, saw significant amounts of growth for Q1 2020. The Group managed to record the highest monthly volumes ever, standing at a notional value of $150 billion. The UK subsidiary, in particular, saw its numbers increase by a factor of 25%, compared to year-on-year.
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