Editing Freetrade
The edit can be undone. Please check the comparison below to verify that this is what you want to do, and then publish the changes below to finish undoing the edit.
Latest revision | Your text | ||
Line 331: | Line 331: | ||
[[File:Timothy Drew.jpg|200x200px|border]] | [[File:Timothy Drew.jpg|200x200px|border]] | ||
Tim is the original architect of | Tim is the original architect of Freetrade's FCP. Now in Aus at our Brisbane engineering office. | ||
== Market == | == Market == | ||
=== Total Addressable Market === | === Total Addressable Market === | ||
Line 505: | Line 504: | ||
==== Transaction revenue ==== | ==== Transaction revenue ==== | ||
The | The Group does not charge a commission on stockbroking transactions entered into on behalf of customers but does provide a foreign exchange service to enable customers to purchase instruments listed on exchanges in the United States and Europe. Revenue consisting of a predetermined flat fee is recognised on the execution date of the transaction. This is the date on which services are provided to customers and the group becomes entitled to the revenue. There is no variable consideration in relation to transactional revenue. | ||
Transaction revenue for the financial year ended 30th September 2021 was £9,408,000 (2020: £1,323,000), which represented 74% (2020: 80%) of total revenue. | Transaction revenue for the financial year ended 30th September 2021 was £9,408,000 (2020: £1,323,000), which represented 74% (2020: 80%) of total revenue. |