VCG Markets Secures UAE Category One License for OTC Derivatives and Spot FX Trading
By Tareq Sikder
AI summary of the source article
VCG Markets' local entity, VCG Securities Financial Consultation LLC, has secured a Category One license from the UAE's Capital Market Authority. The authorization permits the firm to offer OTC derivatives and spot currency trading.
Why it matters
Group CEO Brian Myers stated that "Securing the Category One license is a natural progression for VCG Markets. We have established roots in the UAE, and this step reflects the commitment we've made to the region."
Key facts
- VCG Securities Financial Consultation LLC secured a Category One license from the UAE Capital Market Authority for OTC derivatives and spot currency trading.
- The number of firms authorised for OTC derivatives and spot forex trading in the UAE has increased from 11 to 28.
- No products or services are currently available under the license, and launch dates have not yet been announced.
Source excerpt · Finance Magnates
VCG Markets has secured a Category One license from the United Arab Emirates' Capital Market Authority, authorising its local entity to offer OTC derivatives and spot currency trading. London's trading industry is coming home! The approval comes as more international brokers expand their regulated operations in the UAE. The number of firms authorised for OTC derivatives and spot forex trading in t…