Destek Markets UK has continued its global outreach, this time strengthening its focus in Southeast Asia with a new liquidity partnership. As such, the FX and contracts-for-difference (CFD) brokerage has inked an agreement with Hong-Kong based m-FINANCE.
Per the new deal, m-FINANCE’s clients will gain access to Destek’s liquidity. The partnership will help Destek Markets better establish itself in the Asian market, having already made a transition to Europe via the launch of its subsidiary, Destek Markets UK earlier this year.
Daniel Lawrance, the group’s recently added Institutional Sales Director, Destek Markets UK, explained: “We are very excited to announce our partnership with m-FINANCE as they have a very strong presence within the Asian trading community. m-FINANCE and Destek have been in this industry for many years so with this joint experience it will allow our entities to provide transparent execution, pricing and service to our mutual customers.”
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Earlier this year, Destek Markets UK’s CEO Matthew Wright outlined the group’s global strategy to Finance Magnates. Central to its overall strategy was its long-term growth and exploration of additional markets, which explains the impetus behind the deal with m-FINANCE.
“This partnership will allow professional trading clients access to m-FINANCE’s superior trading platform and allow Destek to provide client’s access to tailor made, bespoke liquidity to meet their trading needs. We look forward to many years of collaboration and satisfied clients from within the region,” noted Mr. Lawrance.
m-FINANCE is headquartered in Hong-Kong, with operations also in mainland China. The deal with Desktek Markets UK satisfies a key need for the group, which will now garner liquidity for its brokerage clients.
Dick Tam, CEO of m-FINANCE, echoed this sentiment, commenting on the deal: “Our strategy is to have a wide range of liquidity providers on m-FINANCE trading platform in order to offer our brokerage clients more choices for fast and reliable execution and better terms that could best fit for their businesses.”
“Destek Markets has been in this market for 25 years and provides a wide range of forex and CFD trading products. We are glad that the partnership with Destek could offer our clients better liquidity with very competitive pricing,” added Mr. Tam.