Exclusive: Direct Trading Technologies UK granted FCA license

DTT UK FCA license

LeapRate Exclusive… Further to our exclusive report back in March that MENA and New Zealand FX brokerage group Direct Trading Technologies (DTT) is in the latter stages of applying for and receiving an FCA license, LeapRate has learned that Direct Trading Technologies UK Ltd has been approved by the UK financial conduct authority (FRN: 79589) and plans to launch in October 2018.

This will be the second financial license this year for the DTT Group, having launched a regulated entity in Latin America earlier in 2018.

Based in the heart of London City, at 69 King William Street, DTT UK will offer multibank liquidity to professional clients including high net worth individuals, brokers and financial institutions.

Janet Akala has been appointed as Executive Director, CFO & Compliance Officer of the UK company. Ms. Akala has over 15 years of experience in compliance and financial accounting roles.

Founding partners of the UK entity, Michael Mirarchi and Walid Ead, will be Chief Executive and Non-Executive Director, respectively.

Michael Mirarchi

Michael Mirarchi

Michael Mirarchi said of the new license and London operation to LeapRate:

Our FCA license culminates a year of growth and expansion into new regions. We’re excited to be launching in the UK and have put together a great team of industry veterans to help us hit the ground running.

Walid Ead

Walid Ead

Walid Ead added:

DTT is an industry leader in the Middle East and this step forward demonstrates our commitment to regulation and delivering the highest level of service to our clients.

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