Forex Broker Updates May 23

Global trading provider INFINOX has unveiled a new hub in Dubai amid an expansion of its operations across Asia.

The brand, which is headquartered in the City of London but with a presence in 15 countries, said that it grew its number of Asian clients by 102% in the 12 months to the end of March 2021. Over the same period, Asian investors traded 114% more through INFINOX‘s online platform compared to the previous year. Trading volumes through the provider’s institutional arm, IX Prime, soared by 261% across Asia.

IX Prime provides trading infrastructure and liquidity to international exchanges including the Brasil Bolsa Balcão (B3) – the world‘s third largest derivatives exchange – and the brand’s combination of cutting-edge trading technology and deep reserves of liquidity have made it the partner of choice for a range of global hedge funds, brokers and exchanges. The division grew its number of institutional Asian clients by 18% between 2019 and 2020.

INFINOX stated that its Dubai hub will house 20 staff and be led by the newly appointed Head of Global Marketing Rajan Naik, who will play a pivotal role in the brands continued growth across Asia.

In addition to its strategic location, the company said that the UAE is one of INFINOXs fastest-growing markets. Client numbers jumped by 565% across the Emirates between Q1 2020 and Q1 2021, with trading volumes surging by 142%.

- END -

Stay on WikiFX, more news coming soon!