Online trading platform ATFX has invested £2 million ($2.6 million) of capital into its UK operations, AT Global Markets (UK) Limited.
According to the company’s official listing on Tuesday, ATFX allotted 3,084,158 ordinary shares worth £2 million. This investment comes at a time when the company is increasing its operations in the UK and Europe.
ATFX is a co-brand that is shared by a number of different global entities. This includes the Financial Conduct Authority (FCA) regulated AT Global Markets (UK) Limited in the United Kingdom, ATFX Global Markets (CY) Limited in Cyprus, AT Capital Markets Limited in the United Arab Emirates and AT Global Markets Malaysia.
ATFX’s UK operations were set up in 2015. Headquartered in London, UK, and regulated by the FCA, ATFX was established with the aim of providing an online trading platform for retail investors interested in trading in forex, CFDs and precious metals.
Leading its UK operations is CEO Richard Craddock since May last year. Craddock was the previous Chief Trader with MF Global, COO of institutional FX broker Fixi plc, and an executive and board member of the Naga Group.
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Speaking to Finance Magnates Craddock said: “As AT Global Markets (UK) Ltd continue to show commitment with this significant injection of capital for the company, we look forward to further expanding the operation and finishing the year even more strongly. It is a great statement of belief in London and the brand, giving confidence to clients that we will continue to expand whilst maintaining our first class customer experience.”
ATFX’s expansion is not just limited to Europe. In fact, the company has been investing considerable resources into its operations in the Middle East.
Only this week, Finance Magnates reported that ATFX appointed two new executives to its local team in the UAE – Ramy Salah Mohamed Abouzaid, as the Financial Market Strategist for the UAE office and Reem Rabia as the Marketing Manager for the company.
Both professionals have more than a decade of experience working in the financial markets. Prior to joining the financial services company, Abouzaid was the Chief Market Analyst for a large-scale forex company in the UAE. Rabia, on the other hand, is a seasoned marketing professional.
Furthermore, Ryan Tsui also assumed his position as the CEO for the company’s UAE office towards the end of June. His focus is to expand and develop the company’s presence in the Middle East.