Under the agreement the APEX and FXCM will collaborate to launch new products on the APEX Exchange.
FXCM Group, an international provider of online foreign exchange and CFD trading, announced this Monday that it has signed a Memorandum of Understanding (MoU) with the Asia Pacific Exchange (APEX).
Under the agreement, the APEX and FXCM will join forces to launch new products on the APEX Exchange. However, the statement did not specify what exactly those products will be.
The MoU was signed by the Chief Executive Officer (CEO) Zhu Yuchen of APEX and Siju Daniel, Chief Commercial Officer (CCO) of FXCM Group on Wednesday, December 5, 2018, in Singapore.
Commenting on the agreement, Yuchen, said: “APEX is a firm believer in promoting the development of the local industries in futures and options contracts covering both commodity and financial derivatives products in the Asia Pacific region."
“We provide a fair, transparent and efficient platform for various enterprises to compete globally, and have chosen to partner with FXCM for their experience and expertise in the Asia Pacific region with the trading community.”
APEX was the third exchange established in Singapore with a full trading and clearing license. It covers futures and options contracts across commodity and financial derivatives products in the following asset classes: agriculture, energy, petrochemical, metal, FX rates, interest rates, and stock indices.
“With FXCM’s long history and expertise as one of the world’s leading FX and CFD brokers, working alongside an approved exchange and Clearing House in Singapore, we believe we can create new innovative product offerings and are enthusiastic on the many possibilities. We look forward to sharing them with the market in the future,” added Daniel, the CCO of FXCM Group.
FXCM opens new office in Bulgaria
The news of the MoU comes just one week after the Forex broker announced that it had opened a new office in Bulgaria following six years in the country. As Finance Magnates exclusively reported the new office, which is located in Sofia, is on its way to being the largest base of operations for the broker globally.
FXCM Group, an international provider of online foreign exchange and CFD trading, announced this Monday that it has signed a Memorandum of Understanding (MoU) with the Asia Pacific Exchange (APEX).
Under the agreement, the APEX and FXCM will join forces to launch new products on the APEX Exchange. However, the statement did not specify what exactly those products will be.
The MoU was signed by the Chief Executive Officer (CEO) Zhu Yuchen of APEX and Siju Daniel, Chief Commercial Officer (CCO) of FXCM Group on Wednesday, December 5, 2018, in Singapore.
Commenting on the agreement, Yuchen, said: “APEX is a firm believer in promoting the development of the local industries in futures and options contracts covering both commodity and financial derivatives products in the Asia Pacific region."
“We provide a fair, transparent and efficient platform for various enterprises to compete globally, and have chosen to partner with FXCM for their experience and expertise in the Asia Pacific region with the trading community.”
APEX was the third exchange established in Singapore with a full trading and clearing license. It covers futures and options contracts across commodity and financial derivatives products in the following asset classes: agriculture, energy, petrochemical, metal, FX rates, interest rates, and stock indices.
“With FXCM’s long history and expertise as one of the world’s leading FX and CFD brokers, working alongside an approved exchange and Clearing House in Singapore, we believe we can create new innovative product offerings and are enthusiastic on the many possibilities. We look forward to sharing them with the market in the future,” added Daniel, the CCO of FXCM Group.
FXCM opens new office in Bulgaria
The news of the MoU comes just one week after the Forex broker announced that it had opened a new office in Bulgaria following six years in the country. As Finance Magnates exclusively reported the new office, which is located in Sofia, is on its way to being the largest base of operations for the broker globally.
Banking APIs Promise Growth but Pose Strategic Challenges
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Executive Interview with Elina Pedersen, Chief Revenue Officer at Your Bourse at the Finance Magnates London Summit 2024
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Executive Interview with Elina Pedersen, Chief Revenue Officer at Your Bourse at the Finance Magnates London Summit 2024
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Executive Interview with Rauan Khassan | TradingView | FMLS:24
Executive Interview with Rauan Khassan | TradingView | FMLS:24
Executive Interview with Rauan Khassan from TradingView at the Finance Magnates London Summit 2024
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Executive Interview with Rauan Khassan from TradingView at the Finance Magnates London Summit 2024
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Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24
Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24
Fintech Talent in the UK: The Human Factor Driving Industry Change 🌟
What does it take to attract, retain, and upskill the best fintech talent in today’s rapidly evolving UK market? In this engaging interview, Nadia Edwards-Dashti, Chief Customer Officer at Harrington Star, explores the future of talent recruitment, the rise of sales roles, and how AI is reshaping the industry—without replacing the human touch.
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Fintech Talent in the UK: The Human Factor Driving Industry Change 🌟
What does it take to attract, retain, and upskill the best fintech talent in today’s rapidly evolving UK market? In this engaging interview, Nadia Edwards-Dashti, Chief Customer Officer at Harrington Star, explores the future of talent recruitment, the rise of sales roles, and how AI is reshaping the industry—without replacing the human touch.
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Executive Interview with Roberto Politano | Innovate Finance | FMLS:24
Executive Interview with Roberto Politano | Innovate Finance | FMLS:24
Executive Interview with Roberto Politano from Innovate Finance at the Finance Magnates London Summit 2024
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Executive Interview with Roberto Politano from Innovate Finance at the Finance Magnates London Summit 2024
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