Destek Markets UK Reviews Sale Options after Rolling Back Institutional Expansion
- The company raised additional funds in December, stating that it is preparing an institutional expansion.
The UK sister company of Turkish brokerage firm Destek Yatirim is considering its options for continuing business in the UK. The company gained FCA approval only about a year ago, as the firm hired Matthew Wright to lead the effort of the company in London.
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In December, as the CEO of the firm left, Managing Director Tuna Yilmaz took over with a plan to expand the company’s operations with investments in the institutional space. A tough regulatory regime shift that is expected to impact the retail broking business in Europe sees brokers steering their focus into the professional side of the trading industry.
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The company's plans, however, have since changed. In an official statement, a company spokesperson outlined: “Destek Markets confirms that it is currently reviewing some proposals regarding a potential sale of its business as a going concern."
“As there is no guarantee that any such proposal will be acceptable to the Board, Destek Markets continues to trade and make available FX and CFDs to its customers,” the official communique from the brokerage concludes.
Capital Increase Decision
The capital increase decision of the company that was filed via the UK Companies House now seems like a mishap as the firm probably identified that the institutional space is a rather competitive one. The firm also committed to a deal the company signed in Asia earlier in December.
Professional clients of Hong Kong-based m-FINANCE have been granted access to 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 from Destek Markets UK. The increase in capital of Destek Markets happened only a week after the official announcement from the firm.
ESMA and FCA Retail Changes Prompting Industry Shift
The substantial changes that ESMA is proposing for brokerage companies in Europe are starting to have an impact on the broking space. While some firms are looking to diversify their client exposure, others are taking steps to expand their business in order to get a solid ground for client on-boarding.
Earlier this week, JFD Brokers announced that the company had acquired a controlling stake in Munich-headquartered bank ACON. The move cemented the future for the company as having a close relationship with a BaFin-regulated bank cements its position in the region as a leading financial services provider.
Today’s Leads Leads Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating Read this Term from ESMA regarding the direction of the regulatory framework which is being proposed by European regulators is very telling of what is coming ahead. In the aftermath of the introduction of MiFID II, industry players are likely to get divided into two groups - those who can afford to raise more capital to shift their business model, and those that are looking to exit the industry.
The UK sister company of Turkish brokerage firm Destek Yatirim is considering its options for continuing business in the UK. The company gained FCA approval only about a year ago, as the firm hired Matthew Wright to lead the effort of the company in London.
Discover credible partners and premium clients at China’s leading finance event!
In December, as the CEO of the firm left, Managing Director Tuna Yilmaz took over with a plan to expand the company’s operations with investments in the institutional space. A tough regulatory regime shift that is expected to impact the retail broking business in Europe sees brokers steering their focus into the professional side of the trading industry.
[gptAdvertisement]
The company's plans, however, have since changed. In an official statement, a company spokesperson outlined: “Destek Markets confirms that it is currently reviewing some proposals regarding a potential sale of its business as a going concern."
“As there is no guarantee that any such proposal will be acceptable to the Board, Destek Markets continues to trade and make available FX and CFDs to its customers,” the official communique from the brokerage concludes.
Capital Increase Decision
The capital increase decision of the company that was filed via the UK Companies House now seems like a mishap as the firm probably identified that the institutional space is a rather competitive one. The firm also committed to a deal the company signed in Asia earlier in December.
Professional clients of Hong Kong-based m-FINANCE have been granted access to 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 from Destek Markets UK. The increase in capital of Destek Markets happened only a week after the official announcement from the firm.
ESMA and FCA Retail Changes Prompting Industry Shift
The substantial changes that ESMA is proposing for brokerage companies in Europe are starting to have an impact on the broking space. While some firms are looking to diversify their client exposure, others are taking steps to expand their business in order to get a solid ground for client on-boarding.
Earlier this week, JFD Brokers announced that the company had acquired a controlling stake in Munich-headquartered bank ACON. The move cemented the future for the company as having a close relationship with a BaFin-regulated bank cements its position in the region as a leading financial services provider.
Today’s Leads Leads Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating Read this Term from ESMA regarding the direction of the regulatory framework which is being proposed by European regulators is very telling of what is coming ahead. In the aftermath of the introduction of MiFID II, industry players are likely to get divided into two groups - those who can afford to raise more capital to shift their business model, and those that are looking to exit the industry.