Financial Performance Advantages

Our model provides diverse revenue sources.

• Revenue is dependent on transaction volume, interest rates and the size of our client base.
• Our revenue stream is diversified by asset class, client type and geography.

Our model provides resilience in the face of cyclical markets.

• Our business model generates value from market volatility, as higher volatility leads to increased activity over our network.
• We minimize our exposure to directional market risk.
• A significant portion of recurring revenue is derived from monetizing client balances in the form of consistent interest and fee earnings on the float.
• We employ a highly flexible cost structure that aims to keep less than 50% of our costs variable to revenue.