Sucden Financial reports strengthening revenues and profits

Tuesday, May 1, 2018

Sucden Financial, a leading international derivatives and FX broker today announced its financial results. The audited accounts for the year ending 31 December 2017, record growing revenues and profits as the company continues to expand its services.

Key highlights:

  • Net profit of £10.9 million, against £8.4 million in 2016
  • Net revenues of £48.7 million, against £46.5 million in 2016
  • Total net assets of £101.6 million, against £90 million in 2016

“Our latest financial figures reflect the stability and strength of our business”, commented Michael Overlander, Chief Executive Officer.  He continued; “Revenues and profits are showing a healthy increase as the benefits of substantial investments in both established and new business areas begin to be realised. The firm holds a strong position for further growth, not only in our traditional commodity space but also in foreign exchange, bonds and equities, where we continue to diversify the company’s activities.”

About Sucden Financial

Sucden Financial is a leading international derivatives and FX broker providing access to a broad range of markets, including exchange and OTC traded products, as well as equities, fixed income, foreign exchange and bullion.

The company was formed in 1973 as the London brokerage arm of Sucden, an independent leader in soft commodities trading.  Sucden Financial has since evolved into one of the largest brokers for traders, fabricators, producers, consumers, investment houses, hedge funds, commodity firms and retail brokers.

Sucden Financial is a ring dealing member of the London Metal Exchange (LME) and has access to major global exchanges, offering clients fast, direct access to worldwide markets.

All senior appointments to Sucden Financial Limited are subject to regulatory approval.

Based in the City of London, Sucden Financial also has offices in Moscow and subsidiaries in Hong Kong (Sucden Financial (HK) Limited) and New York (Sucden Futures Inc.).

Sucden Financial Limited is authorised and regulated by the Financial Conduct Authority (FCA).

Sucden Financial (HK) Limited is licensed by the Securities and Futures Commission (SFC).

Sucden Futures Inc. is registered with the National Futures Association (NFA).
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