Alpha FX takes market by storm

Maiden results show rapid revenue growth
Thursday 14 Sep 2017 Author: David Stevenson

Currency manager Alpha FX (AFX:AIM), which joined the stock market in April this year, managed to grow revenue by 90% in the six months to 30 June to £6.3m.

It is a small player in market dominated by multinational banks and makes up for less than 1% of the UK corporate foreign exchange market.

It raised £30m at IPO to support a greater volume of FX trades and working capital to scale up the business.

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