ThinkMarkets's UK Business Posts GBP 4.38 Million of Gross Profit in 2020

TF Global Markets (UK) Ltd, the British arm of the broker firm ThinkMarkets, has recently published its annual financials for the year ended 31 December 2020, reporting a gross profit of GBP 4.38 million, up from the figure posted in the prior year of GBP 3.89 million.

According to the report, operating profit of the UK unit came in at 206,556, which represented a decline from the 2019 number of GBP 356,592. In terms of the profits before taxation, the company unveiled that it was GBP 274,556 for the fiscal year, lower than the previous year's GBP 422,508.

Additionally, the profits for the fiscal year of 2020 was GBP 278,925, which is down from the figure seen in the prior year of GBP 429,672. And the total comprehensive income for the year hit GBP 278,925, which is down from the prior year’s figure of GBP 429,672.

TF Global Markets’s total equity in 2020 was GBP 2.86 million, slightly up from the prior year’s number of GBP 2.58 million. Overall, its balance as of December 31, 2020 totaled GBP 2,867,912, up from the figure as of December 31, 2019 of 2,588,987.

Earlier this month, ThinkMarkets has launched its institutional business with a new platform called Liquidity.net, which marked a foray into multi-asset liquidity provision.