Exclusive: INFINOX Opens an Office in Portugal, Plans Africa Expansion

Over the past several years, INFINOX has been one of the companies in the industry that has enjoyed a steady period of growth. Notwithstanding ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term’s product intervention measures, the company maintained a healthy top and bottom line and its steep ascent as one of the best performing brokers in the UK is allowing the firm to focus on new markets.

In a statement shared with Finance Magnates, the company’s CEO Robert Berkeley announced the opening of the company’s new office in Portugal.

“I am delighted to announce the opening of our Lisbon office. Our ethos has always been to focus on a premium service. One of the most important ingredients in this is delivering a local service supported by a global infrastructure. The Portugal office is another important step in delivering this philosophy,” Berkeley elaborated.

Regional Expansion

The company’s new office in Lisbon is part of its strategy to develop its global footprint. The new branch of INFINOX in Lisbon has been approved by the FCA and will operate under the supervision of the Portuguese financial regulator CMVM.

Aside from Portugal, the office will also be servicing clients of the company in Spain. Berkeley also elaborated that the company plans to use its new Lisbon location as a Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term to further expand in Europe and parts of Africa. Portuguese is an official language in six African countries including Angola and Mozambique.

The company is starting operations in the new branch with five employees but plans to gradually increase the number, turning the location as the main hub for the firm to extend its footprint into the largely untapped African market.

Regional Manager

Tiago da Costa Cardoso has been appointed to head the new regional office which will cover the Iberian Peninsula. Prior to joining INFINOX, he had an extensive and successful career at XTB for almost eight years and is well experienced in financial markets. The new branch had a formal launch at the British High Commission in Lisbon in an event hosted by the British Ambassador to Portugal, Chris Sainty.

“This is a great opportunity for INFINOX to become an established player in Portugal and I am delighted to be part of INFINOX who were considered one of the top 100 British private technology companies for the second year running by Sunday Times Tech Track 100,” said the Regional Manager of the firm, Tiago da Costa Cardoso.