Global Forex and Contract for Difference (CFD) broker Admiral Markets AS has relocated its head office in Tallinn. The new location is located in Maakri Kvartal, or the Maakri Quarter, in the first highrise taller than 100 metres to be built in Tallinn in over 10 years.
The move comes after having been based at Ahtri 6a in the Kompassi district for the past eight years.
When commenting on the reasons for the move, Admiral Markets AS CEO Sergei Bogatenkov said, “Following unprecedented growth over the past 12 months, we are happy to be taking this next step with our team. We look forward to continuing to serve our clients and delivering a superior trading and investment experience from our new location.”
Under the international financial services trademark of Admiral Markets, the company offers its clients Forex and leveraged CFD web-based trading services in the over-the-counter market as well as listed instruments. Since its foundation in 2001, Admiral Markets has continually expanded its reach, and today it is physically represented in 16 countries through its regulated trading companies with a customer portfolio covering over 110 countries.
Expansion and improvement have been an ongoing focus for Admiral Markets since its foundation, with new services and instruments being added for their clients on a regular basis.
In 2018 alone, the company added over 4,000 new stocks and 100 exchange-traded funds (ETFs) to its suite of trading instruments available on Admiral.Invest accounts in Admiral Markets AS and Admiral Markets UK Ltd. Additionally, over 3,000 stock CFDs and 80 ETF CFDs were introduced on the Admiral.MT5 account.
2018 also saw Admiral Markets apply for a credit institution licence through the Estonian Financial Supervision Authority, with the intention to provide financial services that complement its current investment services to countries in the European Union. The Authority is currently processing the application.
These were just some of the initiatives that contributed to Admiral Markets earning record revenue and profits during the first six months of 2018, with net trading income increasing to 12.6 million euros (3.6 million euros more than the same period in 2017). The company’s net profit was 5 million euros – 127% higher compared to 2.2 million euros a year earlier – and profit margins increased to 40% compared with 24% year-on-year.
The company’s move to its new head office reflects the expansion of recent years, and expectations of continued growth into the future.
“Buildings and architecture reflect the Admiral Markets story, as we move to a new sphere with our new office,” said Co-CEO of Admiral Markets Group AS Jens Chrzanowski. “The highest business floor in Tallinn is now ours.”
Admiral Markets’ new premises is part of Tallinn’s Maakri Kvartal development, which comprises seven commercial buildings, including the thirty-storey highrise where the Admiral Markets head office is now situated. The 110-metre highrise is a modern, glass tower that links the historical heart of Tallinn with the commercial district marked by future highrise planning.
The new address of company is Maakri 19/21, Maakri Kvartal, 11th floor, Tallinn, 10114, Republic of Estonia. The general contact details of Admiral Markets AS will remain the same.
About Admiral Markets
Admiral Markets is a leading online trading provider specialising in equities, securities and contracts for difference. In addition to a wide range of financial instruments, Admiral Markets offers free educational materials, including analytics, webinars and seminars.