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Emirati FX brokerage ADS Securities has today announced that the official launch of its London operations took place on December 19, 2014.
The company, which had been planning its entry into London’s investment banking and asset management sector since October last year opened the doors of ADS Securities London Limited on December 19, 2014 at its new offices which are located at 9th Floor, 125 Old Broad Street, London, EC2N 1AR, with Financial Conduct Authority (FCA) license number FRN 577453.
James Watson, Managing Director of ADS Securities London hosted an event at the office to mark its opening.
The company’s establishment in London follows ADS Securities’ purchase of British FX company Pioneer Trader Limited, subsequently rebranding as ADS Securities London Limited.
Earlier in the year Abu Dhabi based ADS Holding LLC, the parent company of ADS Securities LLC, completed its full acquisition of Pioneer Trader. Following the conclusion of this process the management of Pioneer Trader Limited decided to rebrand the company as ADS Securities London Limited (ADS London).
Mr Watson joined the company as Managing Director on October 6, 2014 and was the former head of foreign exchange transactions for Europe, the Middle East and Africa (EMEA) at Thomson Reuters. He will be responsible for developing market share and position and will lead and expand the team of 20 people as it introduces new technology and increases the range of products available to clients.