⚡ SGX FX Systems UK Nearly Triples Operating Profit as Revenue Climbs 38%

SGX FX Systems UK, operating as BidFX, has posted a striking 38 percent revenue increase to $60.8 million for the year ending June 2025, while operating profit nearly tripled to $21.9 million from a restated $8.3 million. The London-based institutional currency-trading platform achieved this growth while keeping headcount flat at 93 employees and staff costs steady at $18.9 million. Transaction revenue drove performance, climbing roughly 40 percent to $57.9 million and accounting for nearly all income. Geographically, Asia-Pacific has overtaken the UK as the platform’s largest market, generating $23.8 million compared to the home market’s $16.1 million, reflecting the strategic influence of Singapore Exchange ownership. Technology spending rose 32 percent to $6.1 million, the largest expense increase. Over 100 major banks, hedge funds and asset managers now connect to the platform.

FXnCO Insight

BidFX’s operational efficiency and Asia-focused growth under SGX ownership signals continued consolidation momentum in institutional FX platforms, favouring established multi-asset exchange operators over standalone venues.

Source: Finance Magnates