Blackwell Global Elevates UK FCA Arm to ‘IFPRU €730K Firm’ Full-Scope Broker Licence
London-based brokerage marked for expansion LONDON, 8 August 2018 – Blackwell Global UK has on 1 August this year upgraded its Financial Conduct Authority (FCA) brokerage licence to the full-scope IFPRU 730k firm. The variation of permission to the highest licence level issued by FCA ensures that Blackwell Global UK adheres to good corporate governance, stringent risk control measures and increased liquidity levels. Patrick Latchford, Blackwell Global UK CEO, commented, “Given the imposition of the new ESMA regulations, especially in relation to negative balance protection, the timing was right to gain the full licence and continue to grow the business. Blackwell Global supports the FCA’s efforts to properly account for market risk and its encouragement of brokers to move away from the matched principal model.” Blackwell Global UK has received a significant capital injection from its parent company, Blackwell Global Group. This licence upgrade is part of Blackwell Global’s strategic development plans as the group continues to grow its presence in Europe to complement its strong position in Asia. Apart from the FCA regulations, Blackwell Global UK also complies with the European Securities and Markets Authority’s (ESMA) Markets in Financial Instruments Directive (MiFID).   About Blackwell Global Founded in 2010, the Blackwell Global group of companies (“Blackwell Global”) were established to offer investment solutions for private, professional, and institutional clients, including financial services and products ranging from “full-stack” financing solutions, as well as trading services such as forex, contracts for difference, spot and bullion precious metals, global stocks, options, futures and structured products. Blackwell Global provides superior liquidity, 24-hour technical support, market research tools, educational materials, professional partnership programmes and fully integrated trading platforms for its clients. With a global presence in over 100 countries, Blackwell Global has main offices in the United Kingdom, Cyprus, New Zealand, Hong Kong and Cambodia, and is regulated by FCA (UK), SECC (Cambodia) and SFC (Hong Kong). In July 2017, the group signed a multi-year partnership with Everton Football Club to become their first Official Forex and Brokerage partner.   Connect with Blackwell Global Contact: Website: Twitter: Facebook: LinkedIn: YouTube: Google+: