Market volatility and global expansion power trading platform Infinox to half-a-trillion mark
Volumes traded on Infinox surge by 28% to hit $553bn in 2020 as international investors capitalise on unprecedented market conditions
Growth comes as the global platform expands into Africa and South America, increasing worldwide headcount by 38%
The brokerage, which specialises in FX and CFD trading, recorded a 61% jump in global revenue as its expansion strategy paid off
The global trading platform Infinox recorded a 61% jump in revenue and a 28% increase in trading volumes to $553bn in 2020, as investor demand surged and the company’s international expansion plans bore fruit.
Headquartered in the City of London but with a presence in 15 countries, Infinox enables sophisticated private investors to trade a full range of asset classes, from forex to equities and commodities.
For more than 11 years, the platform has put world-class trading power into investors’ hands. A global pioneer in FX and CFD trading, it combines a seamless user experience with the very latest Metatrader 5 trading technology.
In 2020 the group launched IX Social, a community trading app that puts the world’s financial markets at users’ fingertips while also enabling them to share their knowledge – and the fun – of real-time trading with an international community of investors.
Infinox’s core business, which is regulated by the UK’s Financial Conduct Authority, has adapted well to the new regulatory environment in the UK and EU, growing gross profit by 43% in the 12 months to 31st March 2020.
As the pandemic triggered volatility – and investment opportunities – in global markets, investor demand grew around the world. Infinox responded by accelerating its international expansion strategy, expanding its global headcount by more than a third (38%). It also successfully gained regulatory approval in South Africa and Mauritius, allowing it to welcome African investors to its fast-growing client base for the first time.
It also secured a major first in South America, when it was selected by the Brasil Bolsa Balcão – the world’s third largest derivatives exchange, known as the B3 – to provide vital market infrastructure enabling Brazilian investors to trade FX futures and S&P 500 Micro futures in their home market for the first time.
Infinox’s impact on Brazil’s trading landscape has been transformational. As the sole ‘market maker’ for FX futures contracts on the B3, it now handles more than 70% of trades in the key currency pairs – including EUR/USD, GBP/USD and JPY/USD – on the exchange.
Robert Berkeley, CEO of Infinox, said:
“2020 was a year of change and challenge for the investment sector, and Infinox has embraced both to spectacular effect.
“Even though we are very much a global business, we retain the agility and entrepreneurialism that got us here in the first place. The launch of our community trading app IX Social has brought the excitement and power of real-time trading to a whole new audience, and its surging popularity is fast becoming a cornerstone of our global growth.
“The past 12 months have also seen us adapt the way we work to comply with some major regulatory changes in the UK and the EU, and respond to the rise in worldwide demand for a seamless, intuitive trading platform by expanding into exciting new markets in Africa.
“We’ve grown our global headcount by well over third, and have diversified our offering by forming a game-changing partnership with the B3. We have access to high levels of liquidity, and as a global leader in market making we are poised to collaborate with other international exchanges in 2021.”