NEWS
its growing presence in Asia-Pacific and globally. Te office will be staffed by Giles Castelino as Director - Sales and Jaison D’souza as Relationship Manager. Phil Weisberg, CEO at FXall commented: “Our expansion into India emphasizes the growing importance of Indian customers and the impact the region is having on the global FX market. By opening an office in Mumbai and becoming an accredited FEDAI (Foreign Exchange Dealer’s Association of India) member, we are reinforcing our commitment to fully comply with the new FEDAI guidelines to provide members with integrated access to the best foreign exchange liquidity available. We have seen a tremendous evolution of forex
FXall opens office in India F
Xall has announced the opening of a new office in Mumbai, India, expanding
Phil Weisberg
trading in India recently and believe that the Indian foreign exchange market is poised for exponential growth in the months and years to come. Our new Mumbai office will play a significant role in FXall’s ability to service our clients in India as well as to better serve our global client base.”
Institutional Liquidity licenses TwoFour
TwoFour’s FX Back Office. ILQ will use TwoFour to manage all of its FX Back Office processing across the enterprise as well as for trade capture, position management, P&L, shared reference data, settlements, revaluation, allocations, multicurrency accounting, reporting and
more.TwoFour’s ability to deliver its solution in a
T 18 | april 2011 e-FOREX
woFour has announced that Institutional Liquidity (ILQ) has licensed
componentized fashion that can be incrementally enabled to allow ILQ to easily expand usage of TwoFour’s functionality as their business grows was an attractive attribute to ILQ.
Mariusz Potaczała
“Te market granted us with trust as we have shown the company’s solid foundations. We also promise to keep a transparent dividend policy. I want to allocate funds raised from the sale of my shares on establishing the first hedge fund in Poland specializing in foreign exchange and futures contracts markets. Tat will be something completely new on Polish market,” said Mariusz Potaczała, TMS Brokers CEO.
Te value of shares purchased in the IPO amounts to over 85 mln zł (approximatly Eur 22,000,000) which is the largest sale to date in the history of the NewConnect market.
TMS Brokers debuts on NewConnect market
market, operated by the Warsaw Stock Exchange. During the first session, TMS prices were up by 30% (79,90 zł per share). Investors purchased over 1,395 mln shares offered in the IPO, which accounts for only 39% of share capital.
O
n 18th of January 2011 TMS Brokers debuted on the NewConnect
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