INFINOX's Institutional Brand IX Prime Grows by 50% YoY

INFINOX, an online trading platform, has reported £8.4 million in UK revenue and £8.7 million in customer assets under management in its financial results for the previous financial year.

IX Prime, the company's institutional division that provides institutional clients with liquidity, technology, and risk management, had a particularly robust year, boosting its UK client base by 50% and doubling its UK trading volumes.

INFINOX Capital Ltd, founded in 2009 and based in the City of London, provides skilled private investors a platform to trade a wide range of asset classes, including currency, shares, and commodities.

Under the regulation of the Financial Conduct Authority, INFINOX' s operations have adapted well to the post-Brexit regulatory environment, the implementation of the UK MiFID framework, and the effects of the COVID-19 epidemic. The markets saw constant turbulence during the 12 months to 31st March 2021, while INFINOX consolidated its position and remained well capitalized, generating £292,402 in pre-tax earnings in the UK.

Furthermore, the company has successfully obtained regulatory permission from South Africa's Financial Sector Conduct Authority, allowing it to capitalize on increasing demand from African investors.

“The past 18 months have been challenging, exciting and rewarding for INFINOX. We’ve embraced significant changes, including Brexit and the creation of the UK MiFID framework, as well as the intense volatility of a global economy in the grip of the Covid pandemic," said Robert Berkeley, CEO of INFINOX Capital.

“The UK trading environment has proved testing, but the company has proved highly resilient, and we’ve strategically realigned our operations to continue offering clients the first-class service they’ve come to expect from INFINOX. This consolidation, coupled with the rapid success of our IX Prime offering as well as the experience and skill of our team and our robust balance sheet, puts us in a very strong position to drive future growth.”