FXPRIMUS Looks East - Representative Office Opened In Shanghai

With such a large audience and potential client base, a great many FX companies consider the Far East a very important strategic location in which to establish operations.

The latest of such companies to go east is FXPRIMUS, which today announced the opening of a representative office in Shanghai, China.

Whilst Japan is home to the largest retail FX market in the world, it is highly competitive and has a vast number of loyal customers which choose domestic companies with which to develop relationships, China by contrast is largely unpopulated with FX companies, with Chinese retail FX traders preferring to opt for overseas firms, if they are able to transfer their funds to trading accounts overseas.

A very popular means of companies with their origins outside of China to enter the market is to establish independent representative offices, with Chinese ownership and staff, which develop business from within China on behalf of the foreign FX company.

China has a population of over 1.3 billion people and is the world's second-largest economy, a good proportion of which are keen to trade FX, especially with overseas firms.

In the past year, FXPRIMUS has achieved rapid development in China, and the company's representative office in Shanghai is based on the rapid growth of this emerging market.

FXPRIMUS is headquartered in Mauritius under the supervision of the FSC (Financial Service Commission), and maintains a relationship with Barclays Bank for the purposes of maintaining client assets in a segregated account.

A senior executive within FXPRIMUS China spoke to 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 Magnates with regard to the opening of the representative office: "With China's rapidly growing business sectors, it is paramount for our representative office to be in the financial center of Shanghai, which will help us to better serve our Chinese investors. "

Going Public

FXPRIMUS parent company, PrimeMantle Corporation PLC, plans to IPO in October this year, to be listed on the Frankfurt Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term in Germany.