TradeNext Applies to Strike Off its FCA-Regulated Unit from UK Companies House
- This is barely a surprise to those monitoring the developments around TradeNext’s UK business.
TradeNext, an Indian-owned Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker, has applied to strike itself off from the register of UK companies, according to a recent regulatory filing.
In a common practice prior to a limited company being dissolved, a voluntary strike-off notice was placed by the registrar of companies in the London Gazette.
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This is barely a surprise to those monitoring the developments around TradeNext’s UK business, as it has been undergoing some structural changes for at least a couple of years.
The strike off, also referred to as dissolution, is the process by which a company is removed from the register by Companies House. It effectively marks TradeNext as non-existent for all intents and purposes.
Companies House also has the authority to remove the company from its register if it has reasonable grounds to believe that it has halted its operations and no that business is done. Typically, this could be due to a failure to submit its annual reports or due to a change of registered office address without notification.
In 2015, TradeNext implemented a variation of permission as the firm carried out an internal review of its products and services, It also terminated several relationships with clients. The official notice stated that the firm has halted all regulated activities.
During this period, the company is not offering any trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services in financial derivatives, and to date the firm has not disclosed its findings from the internal audit.
Founded in 2010, Tradenext Group was the first brokerage of Indian origin to obtain an FCA licence to offer FX, CFDs and spread betting. It also launched a prime service as part of its institutional business in 2014.
TradeNext, an Indian-owned Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker, has applied to strike itself off from the register of UK companies, according to a recent regulatory filing.
In a common practice prior to a limited company being dissolved, a voluntary strike-off notice was placed by the registrar of companies in the London Gazette.
Discover credible partners and premium clients at China’s leading finance event!
This is barely a surprise to those monitoring the developments around TradeNext’s UK business, as it has been undergoing some structural changes for at least a couple of years.
The strike off, also referred to as dissolution, is the process by which a company is removed from the register by Companies House. It effectively marks TradeNext as non-existent for all intents and purposes.
Companies House also has the authority to remove the company from its register if it has reasonable grounds to believe that it has halted its operations and no that business is done. Typically, this could be due to a failure to submit its annual reports or due to a change of registered office address without notification.
In 2015, TradeNext implemented a variation of permission as the firm carried out an internal review of its products and services, It also terminated several relationships with clients. The official notice stated that the firm has halted all regulated activities.
During this period, the company is not offering any trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services in financial derivatives, and to date the firm has not disclosed its findings from the internal audit.
Founded in 2010, Tradenext Group was the first brokerage of Indian origin to obtain an FCA licence to offer FX, CFDs and spread betting. It also launched a prime service as part of its institutional business in 2014.