Infinox Capital UK Achieves 100%+ Increase in FY22 Revenues, Mainly due to IXO Prime Launch

Infinox Capital Limited, a London-based brokerage, has published its yearly financials for its operations in the United Kingdom for the year ended March 31, 2022, showing a strong operating result.

According to the figures, the company's revenue for the year came in at £17.1 million, up over 104 percent compared to the previous year's £8.4 million. Considering £8.5 million cost of sales and £7.2 million administration expenses, Infinox Capital UK £1.33 million operating profit.

In addition, after considering receivable and payable interest, the broker's profit before taxation for the year came in at £1.35 million. The company ended the financial year with a net profit of £1.1 million, compared with £0.2 million in the previous year.

The company has seen its client assets under management increase by 65 percent compared to prior year, now at £14,316,536.

"The business has had a successful year which is reflected by significant increases across all Key Performance Indicators. This has mainly been due to the introduction of its IXO Prime brand, where Infinox offers liquidity and institutional services to brokers, money managers, professional clients, prop trading desks and Fintech companies. The business also rolled out the MT5 platform offering to ensure its clients have access to the latest trading platform," the company said.

"The 100%+ increase in revenue is attributed to the growth of the IXO Prime Liquidity product. Based on competitive pricing, a global trading infrastructure and the hallmark of INFINOX premium client service, the IXO Prime offering will continue to grow as we develop existing relationships and attract new clients," Jay Mawji, Managing Director of INFINOX Capital Ltd commented.