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. In addition, it is also able to offer FX trades Execution 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.
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. In addition, it is also able to offer FX trades Execution 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.
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.”
Devexperts Checks Off Type 2 SOC 2 Audit for Enhanced Data Security
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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