Price Markets Closes Down Retail Division
- The company is reorganizing its staff as a result of the decision to wind down its retail business
Price Markets UK Ltd, a provider of foreign exchange (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) prime brokerage and infrastructure services, shared with Finance Magnates that it is winding down its retail operations.
According to the filing through UK Companies House, one of the directors of the company, Christoph Flefel resigned from his position on March 18 this year. According to his LinkedIn profile, he held the position of Director, Head of Legal and Compliance at Price Markets UK.
Refocusing of Business
Alexander Talei, CEO of Price Markets UK
Source: LinkedIn
Commenting to Finance Magnates, the CEO of Price Markets UK, Alexander Talei said: “This comes as a result of company reorganization as we are winding down our Retail division to maintain focus on our Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Provision and Technology Solutions."
“In the meantime, I am taking on the role of Mr Flefel during the restructuring phase. I am grateful for Mr Flefel’s work over the last few years and wish him all the best in his future endeavors,” Talei elaborated.
The restructuring of the retail division yields leads to a refocusing of the company's resources onto the institutional side of business.
Through its prime brokerage, Price Markets provides clearing, execution, hardware, software and networking infrastructure to a variety of Price Takers and Price Makers.
Price Markets Revenues
As Finance Magnates reported towards the end of last year, during the firm’s 2017 financial year, the UK-based company managed to make £367,860 in gross profit, the first time the company has managed to achieve this.
That same year, Price Markets UK recorded a turnover of £603,780. From this, the cost of sales was £235,920. In addition, the firm’s UK institutional trading volume exceeded $1 billion in 2017.
Price Markets UK Ltd, a provider of foreign exchange (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) prime brokerage and infrastructure services, shared with Finance Magnates that it is winding down its retail operations.
According to the filing through UK Companies House, one of the directors of the company, Christoph Flefel resigned from his position on March 18 this year. According to his LinkedIn profile, he held the position of Director, Head of Legal and Compliance at Price Markets UK.
Refocusing of Business
Alexander Talei, CEO of Price Markets UK
Source: LinkedIn
Commenting to Finance Magnates, the CEO of Price Markets UK, Alexander Talei said: “This comes as a result of company reorganization as we are winding down our Retail division to maintain focus on our Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Provision and Technology Solutions."
“In the meantime, I am taking on the role of Mr Flefel during the restructuring phase. I am grateful for Mr Flefel’s work over the last few years and wish him all the best in his future endeavors,” Talei elaborated.
The restructuring of the retail division yields leads to a refocusing of the company's resources onto the institutional side of business.
Through its prime brokerage, Price Markets provides clearing, execution, hardware, software and networking infrastructure to a variety of Price Takers and Price Makers.
Price Markets Revenues
As Finance Magnates reported towards the end of last year, during the firm’s 2017 financial year, the UK-based company managed to make £367,860 in gross profit, the first time the company has managed to achieve this.
That same year, Price Markets UK recorded a turnover of £603,780. From this, the cost of sales was £235,920. In addition, the firm’s UK institutional trading volume exceeded $1 billion in 2017.