ETX Capital Sees 48% Jump in Revenue in 2020
Fazzaco learned that ETX Capital, a leading spread-betting and CFD provider based in London, has posted its financial results for 2020, showing a solid performance in revenue.
The total revenue of ETX Capital came in at £31.8 million in 2020, which was up 48 percent when compared with the previous year of £21.4 million. Active clients grew by 3 percent to 10,354 and client assets increased by 57 percent to £225 million.
Chief Executive Officer at ETX Capital, Philip Adler, said: "The year has been truly eventful, I am very pleased with our results and the team performance during COVID and we finished on a high with the acquisition of ETX Capital by Swiss based private equity firm Guru Capital which helped set our new vision and initiatives."
Fazzaco recently reported that ETX Capital has hired Scott Walker as the company's Trade Surveillance Analyst. This hiring followed the appointment of of Andrea Di Blasio as its new Head of Quant Trading.
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