Al­pha FX takes mar­ket by storm

Shares - - SMALLER COMPANIES -

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. (DS)

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