ActivTrades Profits Drop in 2017, Revenues Up 15% YoY
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ActivTrades Profits Drop in 2017, Revenues Up 15% YoY
Multi-asset brokerage ActivTrades has reported its full-year financials for 2017, which showed a healthy uptick in revenues although its net profit dropped relative to last year, according to a filing with the UK Companies House.
The latest company report casts light on ActivTrades’ overall metrics and volumes, both of which appeared to have been helped by higher market volatility in the FX market. As such, ActivTrades disclosed a 2017 FX revenue figure of $55 million (£40.45 million), up 15 percent YoY from $47.3 million (£34.9 million) in the year prior.
However, this growth was tempered by an additional rise in administrative expenses ... (read more)
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