XTX Markets Reports 18% Decline in Revenue in 2021

Fazzaco learned that XTX Markets, a leading non-bank liquidity provider in the forex industry, has released its financial results for the year of 2021, ending on 31 December. 

In its annual financial statement, XTX Markets has shown decreases to both its revenue and net profit for 2021. More specifically, the company registered a revenue of £531,558, 18% lower than the previous year's £651,865. Operating profit for the year came in at £39,211, while net profit stood at £28,864, compared to the prior year's £149,912.

In addition, the profit margin shows a 5% decrease from 2020 figures' 23%. The shareholders' equity at the end of 2021 reached £252.4 million.

Let's recall that In April, XTX Markets announced the appointment of Dr Hans Buehler as the company's Deputy Chief Executive Officer. He brings over two decades of financial industry experience to his new role.