Alpha FX Limited Obtains BIPRU License from British FCA

Alpha FX, a comprehensive provider of foreign exchange (FX) services, today announced that its wholly owned subsidiary, Alpha FX Limited, has successfully obtained a new regulatory license by the Financial Conduct Authority (FCA) in Britain.

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The authorisation comes just three months after the firm began the live trading of its shares on the AIM market of the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (LSE). It also marks another important step in the development of Alpha FX’s international presence and paves the way for the company’s future operational setup in the vital UK market.

The UK-based FX service provider, which manages exchange rate risk for domestic corporates, is now operating as a BIPRU investment firm with immediate effect. The group caters to a wide range of clients, including medium sized corporates that deal with currency conversion, international commerce, and payrolls.

According to the company statement, its new status as a BIPRU investment firm will enable it to offer currency Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term and options to its clients, in addition to its existing products and services.

The BIPRU investment registration is the third regulatory authorisation that Alpha FX Limited has applied for and obtained in order to build up and expand its global business. The company is licensed by the FCA as an authorised payment institution, and is also registered with HM Revenue and Customs as a money services business.