Alpha FX takes market by storm
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)