EXANTE, a Cyprus-based wealth management platform, has obtained a regulatory license from the UK’s Financial Conduct Authority (FCA) and has officially launched its services in the country. The brokerage store disclosed the developments in a statement shared with Finance magnates.
EXANTE, which provides access to over 50 global markets for professional traders, asset and wealth managers as well as banks and other financial institutions, noted that it is being launched in the UK at a time when several large companies are leaving the country as a result of Brexit
Brexit
Brexit stands for British Exit, or in reference to the UK’s decision to officially leave the European Union (EU) as declared in a referendum on June 23, 2016. In a more immediate sense, a close vote and an unexpected outcome helped push the British pound (GBP) to levels not seen in decades. The day after the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May. , who subsequently resigned on June 7, 2019. Active Prime Minis
Brexit stands for British Exit, or in reference to the UK’s decision to officially leave the European Union (EU) as declared in a referendum on June 23, 2016. In a more immediate sense, a close vote and an unexpected outcome helped push the British pound (GBP) to levels not seen in decades. The day after the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May. , who subsequently resigned on June 7, 2019. Active Prime Minis
Read this term.
However, with the new FCA license, which is in addition to the company’s existing operating licenses in the European Union and Hong Kong, EXANTE hopes to make London its headquarters while capitalizing on growth opportunities in the country. .
Watch this recent FMLS22 on the latest in Retail and Institutional.EX
EXANTE’s licensing in the UK comes just weeks after the FCA warned wholesale broker CEOs in London of “systemic flaws” that may not withstand sudden market shocks and long downturns. tension in the market. A month earlier, the financial watchdog also sent a similar letter to CEOs of London-based CFD brokers, warning of “bad practices” in the retail sector.
Over the past month, while the FCA has granted licenses to a number of companies seeking to operate in the UK, it has revoked those of others. CXM Prime, a London-based forex and CFD broker, announced in late December that it had been licensed by the FCA to offer its brokerage services in the country. The broker, part of the CXM group of companies, has also hired Ashraf Sleiman Agha from Muinmos ApS as CEO. MoonPay, a crypto-payment solution provider, also obtained its UK registration around the same time.
Also in December, the British subsidiary of principal broker
Principal Broker
Prime brokers are the designation given to people managing a set of services offered by investment banks, wealth management firms and stockbrokers to hedge funds that need the ability to borrow securities and cash in order to be able to invest on a net basis and to achieve an absolute return. There are two types of prime brokers – bank and non-bank companies. Traditionally, large global investment banks have been the predominant players in the space, but recent years have seen p
Prime brokers are the designation given to people managing a set of services offered by investment banks, wealth management firms and stockbrokers to hedge funds that need the ability to borrow securities and cash in order to be able to invest on a net basis and to achieve an absolute return. There are two types of prime brokers – bank and non-bank companies. Traditionally, large global investment banks have been the predominant players in the space, but recent years have seen p
Read this term Hidden Road has become the first company to obtain both digital asset and investment firm licenses from the FCA. The company said it plans to offer derivatives and spot trading activities for the crypto and fiat currency markets.
In a contrary development, the license of the UK subsidiary of Union Standard International Group was withdrawn on 16 December. However, it remains unclear if the company voluntarily waived the license or if the FCA initiated the first step.
In addition, the UK regulator also revoked the Temporary Permissions Scheme (TPR) approval it had granted to Paris-headquartered Lyonnaise de Banque. The action became the FCA’s first TPR reversal related to failure to seek clearance in a timely manner.
EXANTE, a Cyprus-based wealth management platform, has obtained a regulatory license from the UK’s Financial Conduct Authority (FCA) and has officially launched its services in the country. The brokerage store disclosed the developments in a statement shared with Finance magnates.
EXANTE, which provides access to over 50 global markets for professional traders, asset and wealth managers as well as banks and other financial institutions, noted that it is being launched in the UK at a time when several large companies are leaving the country as a result of Brexit
Brexit
Brexit stands for British Exit, or in reference to the UK’s decision to officially leave the European Union (EU) as declared in a referendum on June 23, 2016. In a more immediate sense, a close vote and an unexpected outcome helped push the British pound (GBP) to levels not seen in decades. The day after the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May. , who subsequently resigned on June 7, 2019. Active Prime Minis
Brexit stands for British Exit, or in reference to the UK’s decision to officially leave the European Union (EU) as declared in a referendum on June 23, 2016. In a more immediate sense, a close vote and an unexpected outcome helped push the British pound (GBP) to levels not seen in decades. The day after the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May. , who subsequently resigned on June 7, 2019. Active Prime Minis
Read this term.
However, with the new FCA license, which is in addition to the company’s existing operating licenses in the European Union and Hong Kong, EXANTE hopes to make London its headquarters while capitalizing on growth opportunities in the country. .
Watch this recent FMLS22 on the latest in Retail and Institutional.EX
EXANTE’s licensing in the UK comes just weeks after the FCA warned wholesale broker CEOs in London of “systemic flaws” that may not withstand sudden market shocks and long downturns. tension in the market. A month earlier, the financial watchdog also sent a similar letter to CEOs of London-based CFD brokers, warning of “bad practices” in the retail sector.
Over the past month, while the FCA has granted licenses to a number of companies seeking to operate in the UK, it has revoked those of others. CXM Prime, a London-based forex and CFD broker, announced in late December that it had been licensed by the FCA to offer its brokerage services in the country. The broker, part of the CXM group of companies, has also hired Ashraf Sleiman Agha from Muinmos ApS as CEO. MoonPay, a crypto-payment solution provider, also obtained its UK registration around the same time.
Also in December, the British subsidiary of principal broker
Principal Broker
Prime brokers are the designation given to people managing a set of services offered by investment banks, wealth management firms and stockbrokers to hedge funds that need the ability to borrow securities and cash in order to be able to invest on a net basis and to achieve an absolute return. There are two types of prime brokers – bank and non-bank companies. Traditionally, large global investment banks have been the predominant players in the space, but recent years have seen p
Prime brokers are the designation given to people managing a set of services offered by investment banks, wealth management firms and stockbrokers to hedge funds that need the ability to borrow securities and cash in order to be able to invest on a net basis and to achieve an absolute return. There are two types of prime brokers – bank and non-bank companies. Traditionally, large global investment banks have been the predominant players in the space, but recent years have seen p
Read this term Hidden Road has become the first company to obtain both digital asset and investment firm licenses from the FCA. The company said it plans to offer derivatives and spot trading activities for the crypto and fiat currency markets.
In a contrary development, the license of the UK subsidiary of Union Standard International Group was withdrawn on 16 December. However, it remains unclear if the company voluntarily waived the license or if the FCA initiated the first step.
In addition, the UK regulator also revoked the Temporary Permissions Scheme (TPR) approval it had granted to Paris-headquartered Lyonnaise de Banque. The action became the FCA’s first TPR reversal related to failure to seek clearance in a timely manner.
