Neo Capital Markets Secures Authorisation to Deal with FX Derivatives
- The regulatory approval was secured on November 23, 2018, in Spain.
Neo Capital Markets SV SA, an investment firm part of the NEO Group, revealed on Friday that it has been registered by the Spanish CNMV (Comisión Nacional del Mercado de Valores) as a regulated investment firm which is authorized to deal with foreign exchange (FX) derivatives.
The regulatory approval for Neo, a fintech firm, was secured on November 23, 2018. It will allow a large range of hedging solutions to be digitalized for corporations.
Now, Neo is authorized to advise clients based in Europe on FX Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term. In addition, it is also able to offer FX trades 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 from its proprietary platform which can be found at www.getneo.com.
Users of Neo will also have digital access to hedging instruments that are normally sold by banks. This includes FX forwards, swaps and options. The company will also offer pre-defined solutions, which will be accessible via API, such as budget hedging, foreign investment hedging and more.
Neo is Now Considering FCA Regulatory Approval
Specifically, corporates will be able to hedge their risk over 90 currencies, the statement said. The company will operate in the United Kingdom, with the NEO Group headquartered in Spain. The firm is now weighing up its options to seek approval from the Financial Conduct Authority (FCA), depending on the outcome of Brexit.
Laurent Descout
Source: LinkedIn
Commenting on the development, Laurent Descout, the CEO & co-founder, said: “getting regulated for investment services is not just a significant milestone for Neo, but for the fintech industry in general.
“There are almost no independent investment firms in Europe and few are 100% FX B2B focused. We are proud to be one of the first fintech that is MiFID II compliant as it is a mark of safety for our clients. We are now in great shape to help corporate clients operating cross-border, through advisory and the automation of executing FX hedges."
“Being able to access a large scope of instruments (forwards, swaps and options) is key to building turnkey solutions. We will also pursue our partnership policy with institutional clients searching digitalisation.”
Neo Capital Markets SV SA, an investment firm part of the NEO Group, revealed on Friday that it has been registered by the Spanish CNMV (Comisión Nacional del Mercado de Valores) as a regulated investment firm which is authorized to deal with foreign exchange (FX) derivatives.
The regulatory approval for Neo, a fintech firm, was secured on November 23, 2018. It will allow a large range of hedging solutions to be digitalized for corporations.
Now, Neo is authorized to advise clients based in Europe on FX Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term. In addition, it is also able to offer FX trades 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 from its proprietary platform which can be found at www.getneo.com.
Users of Neo will also have digital access to hedging instruments that are normally sold by banks. This includes FX forwards, swaps and options. The company will also offer pre-defined solutions, which will be accessible via API, such as budget hedging, foreign investment hedging and more.
Neo is Now Considering FCA Regulatory Approval
Specifically, corporates will be able to hedge their risk over 90 currencies, the statement said. The company will operate in the United Kingdom, with the NEO Group headquartered in Spain. The firm is now weighing up its options to seek approval from the Financial Conduct Authority (FCA), depending on the outcome of Brexit.
Laurent Descout
Source: LinkedIn
Commenting on the development, Laurent Descout, the CEO & co-founder, said: “getting regulated for investment services is not just a significant milestone for Neo, but for the fintech industry in general.
“There are almost no independent investment firms in Europe and few are 100% FX B2B focused. We are proud to be one of the first fintech that is MiFID II compliant as it is a mark of safety for our clients. We are now in great shape to help corporate clients operating cross-border, through advisory and the automation of executing FX hedges."
“Being able to access a large scope of instruments (forwards, swaps and options) is key to building turnkey solutions. We will also pursue our partnership policy with institutional clients searching digitalisation.”