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 located 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.

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 that was established less than a year ago. This company offers funded trader programs where external traders can qualify for simulated capital accounts through evaluation challenges.