The license will allow the company to access the entire European Economic Area.
It already holds a license in Australia.
A flag of Cyprus
26 Degrees Global Markets (previously Invast Global) has cemented its European presence by its wholly owned subsidiary, obtaining a broker license from the Cyprus Securities and Exchange Commission (CySEC), Finance Magnates learned exclusively.
New License for 26 Degrees
The new license from the Mediterranean island will allow the Cyprus company to operate across the European Economic Area. Headquartered in Sydney, Australia, 26 Degrees is already regulated by the Australian Securities and Investment Commission.
Lochlan White, Chief Commercial Officer of EMEA at 26 Degrees
“The CySEC license approval demonstrates our commitment to building a strong and sustainable business in Cyprus to service our local clients and those in the European time zone,” added Lochlan White, the Chief Commercial Officer of EMEA at 26 Degrees. “We are excited by the opportunities that this presents for us as a global business and for our valued clients.”
Even before holding the CySEC license, 26 Degrees had a strong presence on the island. It established a Cyprus office and strengthened its team significantly over the years, with Riana Chaili at the helm as the CEO of EMEA.
Riana Chaili, CEO of EMEA at 26 Degrees
“We are delighted and immensely proud to have obtained the CySEC license, which emphasizes our dedication to operating with the highest level of transparency and integrity,” Chaili said. “This additional license further solidifies our position as a leading multi-asset prime broker globally.”
Strategic Moves by 26 Degrees
The new license was added only a few months after the company was rebranded from Invast Global. According to the company, the new branding will help it to reposition and gain a significant market share in the next five years. It is specifically tapping the prime brokerage market following the exodus of many big brands.
James Alexander, Global Chief Commercial Officer at 26 Degrees
Commenting on the new license, James Alexander, the Global Chief Commercial Officer at 26 Degrees, said: “Many hundreds of hours have gone into preparing for the license by the Cyprus operational team, including legal, compliance, and management. We are delighted to finally be awarded the license by CySEC after rigorous standards were met.”
26 Degrees Global Markets (previously Invast Global) has cemented its European presence by its wholly owned subsidiary, obtaining a broker license from the Cyprus Securities and Exchange Commission (CySEC), Finance Magnates learned exclusively.
New License for 26 Degrees
The new license from the Mediterranean island will allow the Cyprus company to operate across the European Economic Area. Headquartered in Sydney, Australia, 26 Degrees is already regulated by the Australian Securities and Investment Commission.
Lochlan White, Chief Commercial Officer of EMEA at 26 Degrees
“The CySEC license approval demonstrates our commitment to building a strong and sustainable business in Cyprus to service our local clients and those in the European time zone,” added Lochlan White, the Chief Commercial Officer of EMEA at 26 Degrees. “We are excited by the opportunities that this presents for us as a global business and for our valued clients.”
Even before holding the CySEC license, 26 Degrees had a strong presence on the island. It established a Cyprus office and strengthened its team significantly over the years, with Riana Chaili at the helm as the CEO of EMEA.
Riana Chaili, CEO of EMEA at 26 Degrees
“We are delighted and immensely proud to have obtained the CySEC license, which emphasizes our dedication to operating with the highest level of transparency and integrity,” Chaili said. “This additional license further solidifies our position as a leading multi-asset prime broker globally.”
Strategic Moves by 26 Degrees
The new license was added only a few months after the company was rebranded from Invast Global. According to the company, the new branding will help it to reposition and gain a significant market share in the next five years. It is specifically tapping the prime brokerage market following the exodus of many big brands.
James Alexander, Global Chief Commercial Officer at 26 Degrees
Commenting on the new license, James Alexander, the Global Chief Commercial Officer at 26 Degrees, said: “Many hundreds of hours have gone into preparing for the license by the Cyprus operational team, including legal, compliance, and management. We are delighted to finally be awarded the license by CySEC after rigorous standards were met.”
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
Webull Spent Big to Hit Record Revenue, and the Bill Is in the Fine Print
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Watch the full video to see if Hola Prime Markets fits your trading needs.
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Watch the full video to see if Hola Prime fits your trading style.
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Watch the full video to see if Hola Prime fits your trading style.
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