It is the second time in recent months that Alpha FX has lifted its forecasts, having previously done so back in September.
Since then, trading has “continued to be strong” in both its corporate and newly-established institutional business, the AIM company said today.
“This favourable performance has been achieved across the group and continues to validate the investments that have been made to date,” read a brief stock exchange announcement.
“It is expected that the next financial year will see further increases in investment to take full advantage of market opportunities, including ongoing investment in technology and back-office infrastructure as well as increased costs relating to the recently launched operation in Canada.”
Analysts at City broker Liberum added: “With clear evidence that management understands how to invest for growth, we believe the combination of the further technology and headcount investment outlined in today's statement, and the recent £20m fundraise, position the business for further upgrades over the next 24 months.”
Full-year results for the year ended 31 December are set to be published in March.
Alpha shares were up 8% in early deals on Thursday morning.
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