The company has a capital markets license with the MAS that allows CFH to offer OTC Derivatives Contracts and leverage products in line with the agency regulations. The available products will be Spot FX, precious metals and energies and global stock indices.
Alex MacKinnon CEO, CFH Singapore said:
We recognise the many benefits of Singapore having a stable political, economic environment, along with the focus of MAS being the number 1 FX centre in the region.
As CFH has a fully in house built integrated system we will look to provide a reduction in transaction costs to clients in Singapore. Existing CFH clients will now have a regional presence to liaise with on all aspects of the business with the CFH Group.
CFH will place essential positions including compliance, finance, sales, client services in the Singapore office along with local APAC management.
Read More:
