Exclusive: GMI Group Acquires Mauritius Regulatory License
- The brokerage company is adding a new license to its portfolio
GMI Group just announced that it is adding a new license to its the company’s portfolio of regulatory jurisdictions. The launch of GMI Mauritius follows approval from the Financial Services Commission (FSC) in Mauritius.
The new regulatory license adds to GMI’s existing licenses in the UK and Vanuatu and highlights the continued global expansion of the group over the past few years. The increasingly dynamic marketplace is prompting brokers to diversify their regulatory license portfolios and offerings.
Ashraf Ebid, CEO of GMI
Speaking to Finance Magnates the company’s CEO Ashraf Ebid said that GMI Mauritius would be offering advanced and highly customizable B2B/ECN institutional 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 service as well as full white label and turnkey technology solutions for FX and CFD brokers, banks, family offices, Hedge Funds, and financial institutions.
The Mauritius-based subsidiary of GMI Group will also be offering financial Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term services as well as technical maintenance and support services.
Elaborating to Finance Magnates, Mr. Ebid said: “GMI Group continues to expand aggressively. The additional regulatory license and setting up of the Mauritius entity is another sign of our ongoing commitment to growing our products and services offerings globally.”
“GMI clients receive customized FX and CFD liquidity solutions in a low latency environment. We can accommodate GUI traders and algorithmic HFT clients alike. The days of a ‘one size fits all’ approach to the brokerage business are over. Execution, technology, hiring experienced staff, providing first class customer service and solid regulatory licenses are key to our global expansion plans,” elaborated Ebid.
Mauritius has been on the map of offshore regulatory jurisdictions for some time. The local regulator is actively involved in supervising forex brokers more actively since 2017 when several firms received permission from the local financial authority.
GMI Group just announced that it is adding a new license to its the company’s portfolio of regulatory jurisdictions. The launch of GMI Mauritius follows approval from the Financial Services Commission (FSC) in Mauritius.
The new regulatory license adds to GMI’s existing licenses in the UK and Vanuatu and highlights the continued global expansion of the group over the past few years. The increasingly dynamic marketplace is prompting brokers to diversify their regulatory license portfolios and offerings.
Ashraf Ebid, CEO of GMI
Speaking to Finance Magnates the company’s CEO Ashraf Ebid said that GMI Mauritius would be offering advanced and highly customizable B2B/ECN institutional 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 service as well as full white label and turnkey technology solutions for FX and CFD brokers, banks, family offices, Hedge Funds, and financial institutions.
The Mauritius-based subsidiary of GMI Group will also be offering financial Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term services as well as technical maintenance and support services.
Elaborating to Finance Magnates, Mr. Ebid said: “GMI Group continues to expand aggressively. The additional regulatory license and setting up of the Mauritius entity is another sign of our ongoing commitment to growing our products and services offerings globally.”
“GMI clients receive customized FX and CFD liquidity solutions in a low latency environment. We can accommodate GUI traders and algorithmic HFT clients alike. The days of a ‘one size fits all’ approach to the brokerage business are over. Execution, technology, hiring experienced staff, providing first class customer service and solid regulatory licenses are key to our global expansion plans,” elaborated Ebid.
Mauritius has been on the map of offshore regulatory jurisdictions for some time. The local regulator is actively involved in supervising forex brokers more actively since 2017 when several firms received permission from the local financial authority.