GCEX, a digital prime brokerage, declared it has obtained authorization from FSA to operate as an investment firm.
This license is considered as a significant step for GCEX, and permit the firm to give CFDs and rolling Spot FX to institutional EU clients.
Managing Director, GCEX, Michael Aagaard, said:
This is a major step forward for our business and we believe it will be a significant catalyst for growth in Europe. Brokers, fund managers, hedge funds and professional traders based in the EU will now have the peace of mind and reassurance of knowing that they are transacting with a credible firm which is regulated in their own jurisdiction.
GCEX CEO, Lars Holst, commented:
It is fantastic news that we now have access to the EU market as an investment firm regulated by the Danish FSA. Obtaining this FSA license involved an extremely stringent process in which we had to demonstrate our experience in financial services, the knowledge of our team, good governance and our strong focus on investor protection. It now opens the door for us to market to EU clients, presenting us with a major opportunity for further growth.
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