LeapRate Exclusive… The UK online trading market is getting even more crowded.
LeapRate has learned that international broker Blackwell Global has received FCA licensing for its UK subsidiary, Blackwell Global Investments (UK) Limited. The license becomes effective today, February 1, 2016.
Blackwell already had permission to operate freely in the UK as it currently operates out of Cyprus with a CySEC CIF license held since 2011, which had been passported to the UK as of 2012. Blackwell’s new FCA license is more of a marketing tool, especially for the company’s institutional products including prime-of-prime solution Blackwell Prime Solutions and Blackwell Trader Pro.
Blackwell had hired Valutrades executive Patrick Latchford to head its London office last year, and has been growing the office in anticipation of receiving an FCA license and making a large marketing push in the UK with both retail and institutional clients.
Details on Blackwell’s FCA license can be seen here.