Hantec Markets Financial Results 2022

Hantec Markets Financial Results 2022: Changes to Take Place!

Hantec Markets Holdings Limited, the UK-based branch of the global investment firm, released its financial results for 2022 over the weekend. The company reported a notable 7% increase in revenue to £5.76 million compared to £5.39 million in 2021. However, despite the revenue growth, Hantec Markets UK posted a net loss of £83,968 for the reported period.

Hantec Markets, originally established in Hong Kong, has expanded its operations globally, with offices in Australia, Africa, South America, and the Middle East. In the UK, the firm operates under the supervision of the Financial Conduct Authority (FCA).

Hantec Markets UK 2022- Financial Results 2022

The increase in revenue was accompanied by a rise in administrative expenses, which climbed by approximately £400,000 to reach £5.84 million. Consequently, the operating loss deepened to £85,367, resulting in a final net loss of £83,968. This marked a significant contrast to the modest net profit of £26,873 that the company had achieved in 2021.

Despite these financial challenges, Bashir Nurmohamed, the CEO of Hantec Markets Group, expressed optimism about the company’s performance. He noted, “The Group’s business developed in line with the board’s expectations, and the results for the period and the financial position at the period end were considered satisfactory, given the increasing competition and regulation within the sector as well as the global Covid pandemic.” Nurmohamed also highlighted that Hantec Markets had managed to maintain client numbers, client deposits, and trade volumes despite the challenging environment.

Looking ahead, Hantec Markets remains positive about its future prospects. They believe that the overall business is “well placed to make further progress during the coming year.”

In addition to its financial results, Hantec Markets announced key personnel changes and developments in its institutional trading arm:

  • Michael O’Sullivan has joined Hantec Markets as the Head of Technology Strategy. O’Sullivan, previously associated with INFINOX, brings a wealth of experience to the role, having served as the Chief Technology Officer at INFINOX and held significant positions at CMC Markets and ATFX UK earlier in his career.
  • Hantec Markets is preparing to launch “Hantec Prime,” a forex and CFDs trading platform aimed at institutional investors. To lead this initiative, the company has appointed Lee Holmes, a former INFINOX Global executive and member of the Executive Management team, as the Head of Institutional Sales.

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