Abu Dhabi based Middle Eastern broker powerhouse ADS Securities, has announced a new regional expansion today. Following the appointment of former Saxo Bank executive Francis Lee as Managing Director of the Hong Kong office, the company has unveiled that it is starting a retail offering.
Traders in the region will be able to use the proprietary multi-asset platform of ADS Securities, OREX. Initially, the solution will be providing clients of the company with access to trading 60 currency pairs. Clients who are willing to open an account will not need to mind a minimum deposit requirement.
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ADS Securities has committed to the region with the recent hire of Francis Lee, who already helped two major brokers establish their presence in the region. After building a regional office from the ground up with FXCM, Mr Lee was Regional Head of the Asian business of Saxo Bank, where he helped build up the operations of the Danish brokerage in Hong Kong, Shanghai and Beijing.
Commenting on the launch, Mr Lee said, “Retail customers in Hong Kong are looking for a trading partner that is highly capitalized, offers access to tier one bank and non-bank liquidity, and uses cutting edge institutional-level platforms. This is precisely the gap in the market ADS Securities’ retail offering will fill.”
The CEO & Vice Chairman of ADS Securities, Philippe Ghanem, added, “Our physical presence in Hong Kong and strong retail offering are critical to our broader corporate strategy of bridging trade flows between Europe, the Middle East and Asia. ADS Securities has earned its reputation in the Middle East and Europe by providing excellent client service and competitive pricing, using the latest online trading technology.”