LONDON, Nov. 9, 2016 /PRNewswire/ --
Leading online Forex and CFD broker Tickmill is proud to announce that it has obtained authorisation from the Financial Conduct Authority (FCA) for its UK entity, Tmill UK Limited, under registration number 717270.(Logo: http://photos.prnewswire.com/prnh/20160718/814103)
(Photo: http://photos.prnewswire.com/prnh/20161108/437226)
FCA is one of the world's most respected regulatory bodies, within which the most prominent financial services firms operate. FCA regulated brokers must adhere to strict financial standards, including capital adequacy requirements, full segregation of client funds and transparency of business operations.
With the FCA authorisation, Tickmill, a global STP and ECN broker with a strong presence in key Asian and MENA markets, is set to expand its reach in the UK and Europe, providing traders with excellent trading conditions, high levels of financial security, superior execution speed and personalised customer support. Tickmill has officially launched its services in the UK and Europe today, on November 09th and expects strong interest from professional algorithmic traders.
In September 2016, Tickmill clients executed more than 3.0 million trades, out of which 63% were placed by algorithms and EAs, while 37% were placed manually. The Company is proud to serve some of the most sophisticated retail and institutional clients in the world, who are very sensitive towards liquidity, pricing and execution quality.
Tickmill UK will be overseen by Duncan Anderson, who has been appointed as the Chief Executive Officer of Tickmill's UK operations. Mr Anderson's extensive experience and strong industry knowledge will support Tickmill's vision to become the provider of choice in terms of quality of trading services and customer experience.
"It is indeed a great honour to be working with the Tickmill team," Mr Anderson said. "With a proven track record of strong financial results and stable growth, evidenced by the record-high monthly trading volume of $51.7 billion posted in July, the Company has put itself in an enviable position as a market leader and innovator. This underlines Tickmill's firm belief in outstanding customer service, and to that end, I am really excited to help bring the respected Tickmill brand to Europe."
Speaking about the FCA licence, Mr Anderson commented: "The FCA authorisation marks a new chapter in our history as we expand globally. There is now a clear path to enter the European market with a firm commitment to put our clients' interests at the heart of our operations and to deliver brokerage services of outstanding quality."
Notes to Media
About Tickmill
Tickmill is an award-winning global ECN broker, authorised and regulated by the FCA UK and the FSA SC. Tickmill offers trading services with a prime focus on CFDs on Forex, Stock Indices, Commodities and Precious Metals. The Company has distinguished itself by providing excellent trading conditions, with some of the lowest spreads and commissions in the industry, as well as ultra-fast execution, through its state-of-the-art London servers. Tickmill recorded a monthly trading volume of $49.1bn in June 2016, followed by a record-high $51.7bn in July.
Please visit http://www.tickmill.com or contact management@tickmill.co.uk
- Trading CFDs can involve losses that exceed the initial investment.
