Dukascopy Bank Continues on Global Expansion Plan with Moscow Office Opened

Swiss FX Bank, Dukascopy SA has announced the opening of a representative office in Moscow, following a series of global expansion initiatives primarily in the regions of Asia and Europe where its existing offices are located.

As per the announcement, these initiatives are part of the bank’s global expansion strategy which included the recent opening of Hong Kong and Kiev offices, with further plans to open offices in Shanghai, Kuala Lumpur and other regions in the near future.

Dukascopy confirmed to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates today, that 15% of its global client base speaks Russian, thus necessitating the establishment of local operations to support this.

The Moscow office will be headed by Mr. Sergey Borisovitch Arkhipov, and will serve to cater to the requirements of the company's increasing client base and to its existing accrued business in the region. Initially, the branch will be operated by at least 10 employees, but may be reviewed in the coming months.

In August, Forex Magnates covered the regulatory license approval that Dukascopy received as a Securities Dealer from the Swiss Financial Market Supervisory Authority (FINMA), which regulates the trading of CFD’s by Swiss Banks. The bank had mentioned plans to extend its CFD product range to 200 instruments by the year- end.

Speaking to Forex Magnates today regarding the establishment of the representative office, Alain Broyon, CEO of Dukascopy Bank SA explained,

"Dukascopy Bank SA has recently launched its representative office in Moscow. The establishment of an office in Moscow follows the recent opening of Hong Kong and Kiev offices, and it is part of the global expansion strategy of Dukascopy Bank."

"The dedicated team of Dukascopy representatives in Moscow will provide informative support to FX traders in Russia, as well as participate in Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term activities to ensure the fast growth of our presence in this fast developing market. The first public appearance of Dukascopy's Moscow team to the Russian FX community is scheduled for the Moscow Forex Expo event on the 1st and 2nd of November," concluded Mr. Broyon.

This particular corporate statement was followed by the company's announcement that Dukascopy TV has rejoined Reuters Insider.