Forex and CFD broker solutions provider Leverate has announced that it will be opening a Hong Kong office next month. The new office is targeted with increasing Leverate’s penetration in Asia. According to Leverate, with one third of global traders located in Asia, the region is expected to be a driver of growth for the company. The Hong Kong office will be managed by Arthur Le, formerly of FXCM and most recently at Forextrading.com, a Saxo Bank subsidiary. Saxo Bank, is also a minority stake owner in Leverate. The expansion, is part of a larger trend by financial firms opening offices in Hong Kong as a gateway to the rest of Asia, and specifically China.
Leverate to Launch Hong Kong Office to Bolster Asian Market Expansion
Dec. 18, 2012 – Signalling its commitment to serve an increasing clientele, Leverate today announced the opening of its Hong Kong office, slated for Jan. 7, 2013, that will allow the Forex and CFD brokerage solutions provider to further penetrate Asian markets.
The world is heading east, and already Asia accounts for more than one-third of all global traders. Leverate sees the region as one of its main sources of growth in the years to come, which is why it will soon open its Hong Kong office in Citibank Plaza located in the heart of the city.
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“With our wide range of products and the special attention our Sirix Social Trading already gets in Asia, Leverate is very attractive for brokers targeting that market,” says Doron Cohen, co- CEO of Leverate. “We are excited to choose Hong Kong as the location of our third global office, and believe that physical proximity will allow us to provide an excellent service to our clients.”
Serving as Managing Director for Leverate Hong Kong is Arthur Le, seasoned Forex professional who started his career at FXCM in 2005, serving as VP of Institutional Sales for Southeast Asia. He later became head of Saxo Bank’s subsidiary, Forextrading.com, overseeing retail and institutional staff for the Chinese market.
“As someone who has worked in the Asian Forex industry and as a former Leverate client, I appreciate the added value Leverate delivers to brokers,” says Le. “I’m happy to join Leverate, and I’m confident that we will lead a major and positive change to the industry in Asia, just as Leverate has proved in other regions.”
Leverate is the vanguard of broker solutions technology and services empowering Forex brokers and financial institutions with the tools to increase conversions, minimize risk and reach new markets. Leverate’s cutting-edge solutions, powered by breakthrough technology, provide market players a comprehensive suite of products to operate the most successful and competitive brokerages in the Forex industry.