Message Automation (MA), the derivatives Post Trade Control specialists have announced record results for their financial year ending in June 2015.
Highlights include an increase of over 50% in year-on-year revenue, a number of new client signings and a 70% increase in committed recurring subscriptions.
Hugh Daly, MA’s CEO said, "We are very proud of our achievements over the last year, with the financial highlights being only one positive aspect. The increase in ongoing commitment by our customers is important as it underpins our substantial R&D investment. The company remains profitable, cash flow positive and has a strong balance sheet. At the same time we are delighted to report that we have added a number of new name clients in Europe, Asia and Africa as well having significantly expanded our relationships within our existing users. Two of our major goals for 2014/15 were to maintain our 100% customer satisfaction rating, which we achieved, and to continue to innovate by developing new solutions built on our advanced platform - both of which have helped to support our expansion objectives. Trade Reporting continues to play a major part in MA’s success - adding new jurisdictions and delivering updates to manage EMIR regulatory changes. We have also gained new clients who are replacing their original tactical EMIR or Dodd Frank investments in favour of MA's proven strategic approach."
Hugh continues, "There were also a number of other factors which helped to fuel our growth. Our clients benefit from a rounded Post Trade Control environment from which they can quickly and easily add extra functionality from our extensive and increasing connectivity library. A major example of this has been in the area of managing incoming clearing information from CCPs or brokers. Working with major Tier 1 banks we have harmonized the data arriving from over 300 diverse clearing reports enabling distribution to a much wider range of internal consumers. As further regulations such as MiFID2, new market practices including mandatory clearing and SEF execution kick in over the coming months we believe that a single platform to manage post trade control will be an imperative for all serious derivative market participants. We are confident that our customers are already well positioned to meet these regulatory changes head on."