Broker P&L

Net revenue across spread, commission, swap and B-book · all tenants · GMT+3

Net revenue · 30D1.13% vs prev

$1,419,048

Margin

82.1%

Per lot

$3.01

Lots

501,482

B-book P&L

$483,100

0.96%

Spread

$787,722

1.50%

Commission

$304,798

3.41%

Swap · IB costs

$153,622

IB -$329,994

Daily revenue by source

Stacked by source · IB costs below zero · line = net revenue

Net revenue

-$100K$0$100K$200K

26 Aug29 Aug1 Sep4 Sep7 Sep10 Sep13 Sep16 Sep19 Sep22 Sep

A-book vs B-book

Share of traded volume · revenue attribution

56.4%

internalised

B-book revenue56.4% vol

$1,012,662

A-book revenue43.6% vol

$575,656

Liquidity providersLMAX DigitalFinaltoB2C2

A-book markup0.3 pips avg

Toxic flow auto-hedged1,184 clients

Revenue by symbol

Spread · commission · swap mix and B-book result

SymbolLotsRevenue mixB-book P&LNet

AuXAUUSD38% A-booked118,400

$537K fees

+$215K

$751,700

NAS10022% A-booked61,200

$190K fees

+$96.4K

$286,200

EURUSD71% A-booked142,900

$311K fees

-$38.2K

$272,300

BTCUSD18% A-booked22,600

$179K fees

+$58.3K

$237,600

GBPUSD64% A-booked74,800

$171K fees

+$41.8K

$212,500

USDJPY67% A-booked66,300

$145K fees

-$12.4K

$132,100

US3025% A-booked38,100

$98.1K fees

+$33.1K

$131,200

GBPJPY34% A-booked29,700

$91.0K fees

+$27.6K

$118,600

ETHUSD15% A-booked12,800

$58.6K fees

+$19.4K

$78,000

AgXAGUSD30% A-booked18,300

$52.1K fees

+$16.9K

$69,000

#10

By account group

Net = fees + B-book − IB costs

Standard

Spread-only · 1:1000 · 18,420 accts

$782,200

44.7%

Fees $684KB-book $313KA-book 24%

Pro

Raw spread + $3.5/lot · 6,210 accts

$371,900

21.2%

Fees $402KB-book $88.4KA-book 58%

ECN

STP · LP routed · 1,380 accts

$154,500

8.8%

Fees $219KB-book —A-book 100%

Cent

USC · 1:2000 · 9,860 accts

$144,900

8.3%

Fees $96.4KB-book $71.3KA-book 0%

Prop

Challenge fees incl. · 2,940 accts

$297,000

17.0%

Fees $188KB-book $127KA-book 6%

Accounts

38,810

Lots

726,800

Net / account

$45.10

Revenue per active client

$117.57

12,840 active traders

Revenue per $1M volume

$27.87

Notional-weighted

Swap-free (Islamic) cost

-$17,977.02

Admin fee offsets 64%

Bonus & credit cost

-$51,327.26

3.4% of net · Marketing

Top clients by broker P&L

Clients winning against the book — candidates for A-book routing

Client	Group	Book
Fatima Al-Sayed 80450639	Pro	A-book	4,487.53	4,419	90	-$92,232
Kwame Mensah 80418648	Standard	A-book	1,568.49	1,300	55	-$78,598
Daniel Okafor 80420494	Standard	B-book	3,523.63	4,796	88	-$77,547
Thomas Müller 80495402	Prop	A-book	3,162.98	692	77	-$76,707
Carlos Mendoza 80444619	Cent	B-book	1,105.30	3,589	80	-$75,633
James Carter 80424442	ECN	B-book	1,482.06	5,051	92	-$68,294
Nguyen Thu Ha 80483280	Standard	B-book	374.70	5,411	67	-$67,665
Vikram Iyer 80419618	Standard	B-book	2,504.96	5,689	67	-$56,889

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