A proprietary trading firm established by a group of former traders from Optiver and Tibra Capital posted strong revenues in its first year of operation, as part of a wave of bumper results by high-frequency trading firms over the past 18 months.

Maven Trading Ltd, based in London, reported revenues of £4.5m for the period from February 1, 2011 to June 30 this year, its first year of trading, according to filings with Companies House. Its net profit for the period was £2.2m.