Finalto has been granted a Category 5 licence by the UAE Securities & Commodities Authority. The licence allows the firm to operate under the country’s regulatory framework and provide services to professional and institutional clients in the UAE.

Conor Canny has been appointed CEO, MENA at Finalto, he announced on LinkedIn. He said that securing the Category 5 licence is “a major milestone for Finalto in the Middle East” and allows the firm to “deepen our commitment to the UAE by facilitating clients access to our global liquidity and technology solutions.”

He added that the UAE is “an innovation-driven financial hub” and highlighted the company’s focus on service, transparency, and governance.

Former ADSS Head of Liquidity Becomes Finalto CEO

Before joining Finalto, Canny worked at OPUS for about eight months in the United Arab Emirates. Prior to that, he served as Head of eFX Distribution – MENA & APAC at Britannia Global Securities MENA Limited in Dubai for about two and a half years.

Canny also spent about six and a half years at ADSS in Abu Dhabi. He held the position of Head of 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 for just over five years and was Vice President – Liquidity & Pricing for about one and a half years. Earlier, he worked as Risk Manager at ETX Capital for six months and as a Trader at Alpari (UK) Ltd for about one and a half years.

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His career spans trading, liquidity management, and electronic foreign exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term across multiple markets in the Middle East and the UK.

Finalto Consolidates UK Operations After Client Migration

Recently, Finalto Group consolidated its UK operations by migrating Finalto Trading clients to Finalto Financial Services, making the latter the sole UK entity. The migration increased revenue at Finalto Financial Services to $65.8 million but reduced pre-tax profit to $11.6 million due to higher costs.

Finalto Trading’s revenue fell to $6.6 million, and trading volume on its platform decreased slightly. Finalto Trading wound down most activities but maintained sufficient liquidity.