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) 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
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 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) 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
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 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.
Beeks Group Appoints Adam Bradley as Head of Sales for the Asia-Pacific Region
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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