GTC Secures UAE Licence to Broker OTC Derivatives and Currencies
By Tareq Sikder
AI summary of the source article
GTC Financial Consultancy LLC has obtained a Category 1 licence from the UAE Capital Market Authority. The authorisation permits the firm to broker over-the-counter derivatives and spot currencies, as well as operate as an international trading broker.
Why it matters
GTC said the licence supports plans to expand its presence in the UAE and develop locally regulated operations, with CEO Charbel Raffoul stating local regulation is central to building client trust.
Key facts
- GTC Financial Consultancy LLC secured a Category 1 licence from the UAE Capital Market Authority.
- The licence authorizes GTC to broker OTC derivatives and spot currencies, and act as a trading broker in international markets.
- GTC started construction on its Dubai regional headquarters, GTC Tower, in July of last year.
Source excerpt · Finance Magnates
GTC Financial Consultancy LLC has received a Category 1 licence from the UAE Capital Market Authority, authorising it to broker over-the-counter derivatives and currencies in the spot market. London's trading industry is coming home! The licence also permits the company to act as a trading broker in international markets. The authorisation provides a locally regulated framework for GTC's operation…