Marex today posted its full-year financial results to 31 December 2021. The Group reported record growth last year with strong performance across all segments
The revenue was up by 31% to $543 million in FY21.
Market making and execution clearing were strong driving forces in the performance. Market making revenue increased by 29% in 2021 to $131.1 million compared to $101.2 million in 2020.
Client assets on the balance sheet jumped 74% to $5.41 billion. The execution and clearing revenue rose 33% to $180.0 million (2020: $138.1 million). Adjusted Operating PBT increased by 18% in 2021 to $38 million.
The company reported discovery data and research services revenue of $5.9 million, up by 64%, compared to $3.6 million in 2020.
Price discovery came in at $134.7 million, up by 5%.
We are proud of these results, which reflect a strong organic performance as we continue to drive forward our growth initiatives, diversifying our business by adding products to our service segments and expanding geographically. These more than offset a headwind from very low interest rates.
Although the current macroeconomic environment is volatile, we have successfully navigated the recent geopolitical disruption in the commodities markets, carefully managing risk and maintaining a strong capital and liquidity position throughout. We continue to steer our clients through a very challenging period, whilst complying fully with government sanctions.
We have seen a very strong start to 2022. Looking ahead, I am confident that we will continue to deliver strong growth, both organically and through strategic bolt-on acquisitions, as we continue to build on our strategic growth plans. Furthermore, inflation in the real economy will likely translate into rising short-term interest rates, which is also positive for our business.
Earlier in April, Marex opened a Minneapolis office to serve as a central hub for commodity risk management, with major agricultural companies and large commodity risk managers located in the US.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
