Tue, Feb 28, 2017 | updated 07:51 PM IST

Exness announces FCA license, launches plans to expand in Europe

Updated: Sep 08, 2016 18:22 IST
London [United Kingdom], Sept. 8 (ANI-Business Wire India): Leading forex broker Exness is pleased to announce that its UK entity, Exness Europe Limited, has received regulatory approval from the Financial Conduct Authority (FCA), under Register number 730729.

With its newly acquired FCA license, Exness, an international broker whose main client base is currently in Asia, the Middle East and Africa is set on expanding its global reach in Europe.

"This is a very important milestone in the global expansion of the group and reinforces Exness' unwavering commitment to adhere by the highest international regulatory standards and to protect its clients' best interests," commented David Morris, CEO of Exness Europe Limited.

"There is currently an ever-growing scrutiny from regulators in the forex and CFD industry; Exness embraces this and sees it as fundamental to both the success and longevity of the industry," he added.

Exness Europe Limited is expected to launch its operations by the end of 2016, building on Exness' already-extensive client base, entering new regions, and providing the opportunity to new clients to benefit from its superior customer service, pricing, and technology. Beyond just B2C plans, Exness Europe Limited is also looking into B2B opportunities and will be working closely with other businesses that wish to leverage on Exness' first-class technology and systems.

In addition to the newly-acquired FCA license, Exness is authorized and regulated by CySEC, and complies with the standards of the European Markets in Financial Instruments Directive ( MiFID), ensuring financial transparency and effective client protection. Additionally, as a pioneer of the transparency advocacy in the forex market, Exness initiated the regular publication of, and continues to publish, third-party verified performance indicators and auditors reports on financial performance.

Exness Group is an international, award-winning retail forex broker founded by a group of like-minded finance and IT professionals in 2008. With a deep understanding of traders' needs, the modern forex company provides accessible, stable, and reliable brokerage services, boasting excellent execution and some of the tightest spreads in the market today.

As confirmed by Deloitte, Exness Group recorded a trading volume exceeding USD 2.3 trillion in 2015, with June setting its new monthly record at USD 232 billion. (ANI-Business Wire India)

New Delhi [India], Feb. 28 (ANI): Federation of Indian Chambers of Commerce and Industries (FICCI) here today said that the Indian economy has witnessed a gradual rise in consumption activity, thus evading the repercussions of the November 8 demonetisation drive.

Full Story >>

New Delhi [India], Feb. 28 (ANI): Dismissing rumours of a fall in GDP post the 'notebandi', Shaktikanta Das, Secretary, Economic Affairs, claimed Tuesday that all speculations regarding current GDP are based on anecdotes, rather than statistics.

Full Story >>

New Delhi [India], Feb. 28 (ANI): Aiming to comply with the guidelines of the Reserve Bank of India and also for making Metro Smart Card interoperable, it has been decided that Delhi Metro Smart Cards shall be non-refundable from April 1, 2017.

Full Story >>

New Delhi [India], Feb. 28 (ANI): Credit rating agency ICRA, the efficiency of wind-based energy generation is reflected in its low tariff rates, thus increasing cost competitiveness of wind based energy generation against conventional energy sources as well as solar power.

Full Story >>

New Delhi [India], Feb 28 (ANI): The Central Board of Direct Taxes (CBDT) on Tuesday announced that it has entered into 10 more Advance Pricing Agreements (APAs) over the last one week, including seven Unilateral APAs.

Full Story >>

New Delhi [India], Feb 28 (ANI-BusinessWireIndia): NIIT University (NU) has been recognized as the "Best Institution for promoting industry-academia interface" at the 10th ASSOCHAM Higher Education Summit 2017. The award ceremony was felicitated by Prakash Javadekar, Union HRD Minister, Government of India. The summit focused on the role and contribution of universities in building entrepreneurial ecosystems.

Full Story >>

New Delhi [India], Feb. 28 (ANI): Online marketplace Snapdeal today announced the launch of GST Guru, a program which will include a range of initiatives to help prepare the sellers on its platform for the impending GST reforms, expected to roll out this July.

Full Story >>

New Delhi [India], Feb 28 (ANI): The Enforcement Directorate on Tuesday attached an amount of Rs. 79,76,00,041 under PMLA in the case of Devas Multimedia Pvt. Ltd., Bangalore for illegally entering into an agreement with ISRO/Antrix Corporation (ACL Commercial Arm of ISRO) by fraudulently representing certain facts and on entering the agreement collected investments from abroad through criminal conspiracy.

Full Story >>

OECD signs MoU with CII for policy research

Updated: Feb 28, 2017 15:55 IST

New Delhi [India], Feb 28 (ANI): The Organisation for Economic Cooperation and Development (OECD) and Confederation of Indian Industry (CII) on Tuesday announced signing of an MoU with a mission to promote policies that will improve the economic and social well-being of people around the world.

Full Story >>

New Delhi [India], Feb 28 (ANI): Taxi aggregator Ola on Tuesday announced its exclusive partnership with Kolkata Metro, India's first Metro Railway and one of the most popular modes of public transport in the city of joy.

Full Story >>

New Delhi [India], Feb 28 (ANI-BusinessWireIndia): Flytxt, a fast growing customer data analytics software company, announced today that it has entered into an agreement to deploy its Customer Value Management (CVM) solutions for Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa. Flytxt, through its CVM solutions, will deliver deeper customer insights to enhance customer experience and revenue for Zain Group operations.

Full Story >>

New Delhi [India], Feb 28 (ANI-NewsVoir): iSticker, a global platform revolutionizing the AEC industry, has noted a progressive increase in its traction by almost 2000 new users every month.

Full Story >>

PropUrban commences its operations in India

Updated: Feb 28, 2017 14:34 IST

New Delhi [India], Feb 28 (ANI): Online-to-offline (O2O) platform PropUrban has announced the launch of its operations in India. With real-time data as its core strength, the company has a strong research and advisory wing to help clients make informed property decisions.

Full Story >>

New Delhi [India], Feb 28 (ANI): The World Bank on Tuesday signed a financing agreement for IDA credit of USD 63 million (equivalent) for 'Tejaswini', which is a socio-economic empowerment of adolescent girls and young women project.

Full Story >>

New Delhi [India], Feb 28 (ANI): The Asian Development Bank (ADB) and the Government of India signed here USD 375 million in loans and grants to develop 800-kilometer Visakhapatnam-Chennai Industrial Corridor, which is the First Phase of a planned 2,500 km long East Coast Economic Corridor (ECEC).

Full Story >>

Strike disrupts banking services in Tripura

Updated: Feb 28, 2017 13:41 IST

By Pinaki Das

Full Story >>

New Delhi [India], Feb 28 (ANI): Credit rating agency ICRA expects the domestic sugar prices to remain firm in the near term, given the deficit situation in the domestic and international markets.

Full Story >>

New Delhi [India], Feb 28 (ANI-NewsVoir): The world's most elegant and notable celebrities sparkled in platinum jewelry at the "89th Annual Academy Awards" and related parties this evening. Large diamond stud earrings, cuff bracelets and cocktail rings were the top platinum jewelry trends on the red carpet.

Full Story >>

New Delhi [India], Feb 28 (ANI-NewsVoir): Forever 21, a leading fast fashion brand from Aditya Birla Fashion and Retail Ltd. strengthens its foothold in Mumbai with the launch of its 4th store, taking the total count to 15 stores in India.

Full Story >>

New Delhi [India], Feb 28 (ANI-BusinessWireIndia): Koenig Solutions, the leading IT training organization serving a global clientele for technical skill development, recently became ISACA Authorized Training Partner.

Full Story >>