Maven
Securities Holding Limited, a UK-based proprietary trading firm, reported a 30%
decline in revenue to £84 million for the fiscal year ended June 30, 2024,
while managing to increase profit before tax to £15.6 million, according to the
company’s annual financial statements.
Maven Securities Reports
29% Revenue Plunge Despite Profit Jump
The
company, which primarily provides prop trading services, allocating internal
capital between discretionary, systematic, and market-making strategies, saw its
revenue fall from £117.7 million in the previous year.
A lower
revenue, however, means smaller payouts for high-frequency traders, resulting
in significantly reduced costs. In the case of Maven Securities, costs dropped
by over 40%, from nearly £114 million to just under £81 million. As a result,
the company achieved a higher profit before taxation and a higher net profit,
which ultimately reached £12 million, compared to £10.6 million the previous
year.
Employee
compensation costs declined sharply during the period, with wages and salaries
dropping to £50.4 million from £78.5 million in fiscal 2023, representing a 36%
decrease. Total employee remuneration, including social security and pension
costs, fell by 34% to £59.5 million, despite the average number of employees
increasing from 241 to 260 during the year.
Maven
Securities Holding also boosted its net equity position to £198.5 million as of
June 30, 2024, up from £186.4 million in the previous year. The company did not
declare any dividends during the period.
Maven also
operates a separate entity, Maven Securities US Limited, which has branches in the United States, specifically in New York and Chicago. In 2024, it
generated a net profit of £266,000, compared to a loss of £129,000 the previous
year.
Not All Prop Firms Are Created Equal
Although
Maven Securities operates as a proprietary trading firm, it is not the same as
challenge-based prop companies, which gained significant popularity in 2024.
The confusion may be further compounded by the presence of Maven Trading, which
operates under the challenge-based model.
Maven
Securities and Maven Trading are two different entities. Maven Trading is a
prop firm that offers funded trader programs, similar to other proprietary
trading firms like Funded Elite, Funding Pips, and The 5%ers.
|
Feature |
Proprietary Trading |
Prop Challenge Firms |
|
Capital Source |
Trade exclusively with the firm’s own capital |
Provide simulated capital to external traders who pass challenges |
|
Trader Status |
Traders are employees of the firm |
Traders are independent contractors, not employees |
|
Compensation Model |
Salary + |
Profit-sharing (typically 60–90% to the trader) |
|
Selection Process |
Traditional hiring process (interviews, assessments) |
Evaluation challenges with specific profit targets and risk parameters |
|
Risk Bearing |
The firm bears all trading risks |
Firm uses simulated capital, minimizing actual risk |
|
Revenue Source |
Trading |
Challenge entry fees + portion of trading profits |
|
Capital Access |
Traders access real firm capital |
Traders access simulated capital after passing challenges |
Maven
Securities and Maven Trading are two completely different companies that should
not be confused with each other. Maven Securities is a proprietary trading firm
that trades exclusively with its own internal capital. Founded in 2011, it
allocates this capital across different trading strategies.
The firm is
100% employee-owned and employs traders across seven global trading locations
including London (HQ), Amsterdam, New York, Chicago, Hong Kong, Sydney, and
Monaco. Maven Securities implements both fundamental and quantitative trading
strategies and provides liquidity across global financial markets.
In
contrast, Maven Trading is a completely different entity: a prop firm
headquartered in Canada under Jon Alexander’s leadership, established
less than a year ago. This company offers funded trader programs where external
traders can qualify for simulated capital accounts through evaluation
challenges.
Maven
Securities Holding Limited, a UK-based proprietary trading firm, reported a 30%
decline in revenue to £84 million for the fiscal year ended June 30, 2024,
while managing to increase profit before tax to £15.6 million, according to the
company’s annual financial statements.
Maven Securities Reports
29% Revenue Plunge Despite Profit Jump
The
company, which primarily provides prop trading services, allocating internal
capital between discretionary, systematic, and market-making strategies, saw its
revenue fall from £117.7 million in the previous year.
A lower
revenue, however, means smaller payouts for high-frequency traders, resulting
in significantly reduced costs. In the case of Maven Securities, costs dropped
by over 40%, from nearly £114 million to just under £81 million. As a result,
the company achieved a higher profit before taxation and a higher net profit,
which ultimately reached £12 million, compared to £10.6 million the previous
year.
Employee
compensation costs declined sharply during the period, with wages and salaries
dropping to £50.4 million from £78.5 million in fiscal 2023, representing a 36%
decrease. Total employee remuneration, including social security and pension
costs, fell by 34% to £59.5 million, despite the average number of employees
increasing from 241 to 260 during the year.
Maven
Securities Holding also boosted its net equity position to £198.5 million as of
June 30, 2024, up from £186.4 million in the previous year. The company did not
declare any dividends during the period.
Maven also
operates a separate entity, Maven Securities US Limited, which has branches in the United States, specifically in New York and Chicago. In 2024, it
generated a net profit of £266,000, compared to a loss of £129,000 the previous
year.
Not All Prop Firms Are Created Equal
Although
Maven Securities operates as a proprietary trading firm, it is not the same as
challenge-based prop companies, which gained significant popularity in 2024.
The confusion may be further compounded by the presence of Maven Trading, which
operates under the challenge-based model.
Maven
Securities and Maven Trading are two different entities. Maven Trading is a
prop firm that offers funded trader programs, similar to other proprietary
trading firms like Funded Elite, Funding Pips, and The 5%ers.
|
Feature |
Proprietary Trading |
Prop Challenge Firms |
|
Capital Source |
Trade exclusively with the firm’s own capital |
Provide simulated capital to external traders who pass challenges |
|
Trader Status |
Traders are employees of the firm |
Traders are independent contractors, not employees |
|
Compensation Model |
Salary + |
Profit-sharing (typically 60–90% to the trader) |
|
Selection Process |
Traditional hiring process (interviews, assessments) |
Evaluation challenges with specific profit targets and risk parameters |
|
Risk Bearing |
The firm bears all trading risks |
Firm uses simulated capital, minimizing actual risk |
|
Revenue Source |
Trading |
Challenge entry fees + portion of trading profits |
|
Capital Access |
Traders access real firm capital |
Traders access simulated capital after passing challenges |
Maven
Securities and Maven Trading are two completely different companies that should
not be confused with each other. Maven Securities is a proprietary trading firm
that trades exclusively with its own internal capital. Founded in 2011, it
allocates this capital across different trading strategies.
The firm is
100% employee-owned and employs traders across seven global trading locations
including London (HQ), Amsterdam, New York, Chicago, Hong Kong, Sydney, and
Monaco. Maven Securities implements both fundamental and quantitative trading
strategies and provides liquidity across global financial markets.
In
contrast, Maven Trading is a completely different entity: a prop firm
headquartered in Canada under Jon Alexander’s leadership, established
less than a year ago. This company offers funded trader programs where external
traders can qualify for simulated capital accounts through evaluation
challenges.
This post is originally published on FINANCEMAGNATES.
