Finalto is pleased to announce the addition
of a number of African Pairs to its trading platforms.
The addition of
the currency pairs is another important step in Finalto’s efforts to exceed the
expectations of its customers. The company opened its South African office in
2014 and works hard to ensure it can cater to the entire African region.
The currency pairs
now live on the platform are:
- –
BWP:
Botswana Pula – BWPUSD - –
GHS: New
Ghana Cedi – USDGHS - –
KES: Kenyan
Shilling – USDKES - –
UGX: Uganda
Shilling – USDUGX - –
ZMW:
Zambian Kwacha – USDZMW
Solomon Gounden,
Managing Director of Finalto South Africa, said of the move: “Finalto is
committed to the African story. Bringing African currency pairs and other
African assets to clients, differentiates us in the local region. SA residents
know and want to trade in African currency pairs, and it was important and
critical that we make this possible, so we can show our clients our commitment
to the region.”
The addition of
the currency pairs comes at the same time as the Finalto South African licensed
entity has been awarded an ODP licence.
The ODP
regulation imposes on broker additional due diligence requirements; as trading
speculative financial products is high risk and it enforces strict capital
adequacy measures. It also puts the onus on the broker to maintain records and
controls for end-of-day transaction reporting, to ensure that CFD trading is
transparent and that the ODP broker is operating responsibly.
Finalto is a FAIS
and ODP Licence holder, in South Africa. The ODP licence is issued to credible
institutions to market and contract as principals in CFDs, and Finalto was
proud to be among the first institutions to meet the criteria.
To find out more
information about the extensive offering from Finalto, contact [email protected]
Finalto is pleased to announce the addition
of a number of African Pairs to its trading platforms.
The addition of
the currency pairs is another important step in Finalto’s efforts to exceed the
expectations of its customers. The company opened its South African office in
2014 and works hard to ensure it can cater to the entire African region.
The currency pairs
now live on the platform are:
- –
BWP:
Botswana Pula – BWPUSD - –
GHS: New
Ghana Cedi – USDGHS - –
KES: Kenyan
Shilling – USDKES - –
UGX: Uganda
Shilling – USDUGX - –
ZMW:
Zambian Kwacha – USDZMW
Solomon Gounden,
Managing Director of Finalto South Africa, said of the move: “Finalto is
committed to the African story. Bringing African currency pairs and other
African assets to clients, differentiates us in the local region. SA residents
know and want to trade in African currency pairs, and it was important and
critical that we make this possible, so we can show our clients our commitment
to the region.”
The addition of
the currency pairs comes at the same time as the Finalto South African licensed
entity has been awarded an ODP licence.
The ODP
regulation imposes on broker additional due diligence requirements; as trading
speculative financial products is high risk and it enforces strict capital
adequacy measures. It also puts the onus on the broker to maintain records and
controls for end-of-day transaction reporting, to ensure that CFD trading is
transparent and that the ODP broker is operating responsibly.
Finalto is a FAIS
and ODP Licence holder, in South Africa. The ODP licence is issued to credible
institutions to market and contract as principals in CFDs, and Finalto was
proud to be among the first institutions to meet the criteria.
To find out more
information about the extensive offering from Finalto, contact [email protected]
