London, Singapore - 10 December, 2018 - FXCM Group, LLC ("FXCM Group" or “FXCM”), a leading international provider of online foreign exchange trading, CFD trading and related services, together with the Asia Pacific Exchange (“APEX”) today announced the signing of a Memorandum of Understanding (MoU), agreeing to collaborate on launching new and innovative products on the APEX Exchange.
Zhu Yuchen, CEO of APEX, stated: “APEX is a firm believer in promoting the development of the local industries in futures and options contracts covering both commodity and financial derivatives products in the Asia Pacific region. We provide a fair, transparent and efficient platform for various enterprises to compete globally, and have chosen to partner with FXCM for their experience and expertise in the Asia pacific region with the trading community.”
Siju Daniel, Chief Commercial Officer of FXCM Group noted: “With FXCM’s long history and expertise as one of the world’s leading FX and CFD brokers, working alongside an approved exchange and clearing house in Singapore, we believe we can create new innovative product offerings and are enthusiastic on the many possibilities. We look forward to sharing them with the market in the future.”
Zhu Yuchen, CEO of APEX, signed the agreement in Singapore on Wednesday December 5th with Siju Daniel, Chief Commercial Officer of FXCM Group.
Asia Pacific Exchange (APEX) was approved by Monetary Authority of Singapore (MAS) in February 2018 to be the third exchange in Singapore with a full trading and clearing license. APEX’s business covers futures and options contracts consisting of both commodity and financial derivatives products in the asset classes of agriculture, energy, petrochemical, metal, FX rates, interest rates and stock indices. As an important market infrastructure, APEX has a series of important functions such as price discovery, resource allocation, risk management, as well as trading and investment, which would in turn improve the liquidity of different fundamental resources. APEX’s vision is to gain a strong foothold in Singapore, and to further propel itself in broader Asia Pacific and international markets, ultimately, to establish itself as a world-class commodity and financial derivatives trading centre, providing Asian pricing benchmarks for commodities and a state-of-the-art platform of risk management.
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.
Trading Forex/CFD's on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. Leverage can work against you. The products are intended for retail, professional and eligible counterparty clients. For clients who maintain account(s) with Forex Capital Markets Limited ("FXCM LTD"), retail clients could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds and professional clients could sustain losses in excess of deposits. Prior to trading any products offered by Forex Capital Markets Limited, inclusive of all EU branches, FXCM Australia Limited, FXCM South Africa (PTY) Ltd, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the “FXCM Group”], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Pty. Limited (“FXCM AU”) (AFSL 309763), you must read and understand the Financial Services Guide, Product Disclosure Statement, and Terms of Business. The FXCM Group may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group’s websites prior to taking further action.
Jaclyn Sales, 646-432-2463
Vice-President, Corporate Communications