Today: January 18, 2019, 6:00 am
  
Business

NEO Receives Authorization to Convert into a MIFID2 Regulated Firm to Deal with Fx Derivatives

PR-Inside.com: 2018-12-05 13:29:01

NEO Receives Authorization to Convert into a MIFID2 Regulated Firm to Deal with Fx Derivatives

NEO CAPITAL MARKETS SV, SA
Laurent Descout
Email: press@getneo.com

On November 23rd, Neo Capital Markets SV SA was registered by the Spanish CNMV as a regulated investment firm allowed to deal with Fx derivatives.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181205005

Executive team Neo: Nuria Molet, Laurent Descout, Emmanuel Anton and Ian Yates (Photo: NEO)

Executive team Neo: Nuria Molet, Laurent Descout, Emmanuel Anton and Ian Yates (Photo: NEO)

Neo is now authorized to advise European clients on foreign exchange risk management and will be allowed to offer Fx trades execution from its proprietary platform www.getneo.com.

Neo is one of the first B2B Fintech to have reached this level of regulatory approval, which allows the digitalization of a large scope of hedging solutions for corporates.

Neo’s clients will have 100% digital access to hedging instruments normally sold by banks (such as Fx forwards, swaps and options). Neo’s platform will also propose pre-defined solutions for specific issues faced by corporates (budget hedging, foreign investment hedging, accounting hedging, automated order management).

Laurent Descout, CEO & co-founder, said: “Getting regulated for investment services is not just a significant milestone for Neo, but for the fintech industry in general. There are almost no independent investment firms in Europe and few are 100% Fx B2B focused. We are proud to be one of the first Fintech that is MIFID2 compliant as it is a mark of safety for our clients. We are now in great shape to help corporate clients operating cross border, through advisory and the automation of executing Fx hedges.”

Full Press release: https://www.getneo.com/neo-receives-mifid-ii-autho

About the NEO Group:
The NEO Group was created in 2017 by Laurent Descout, Emmanuel Anton, Nuria Molet, Ian Yates, Mathias Ifergan and Matthew Pilling. Neo aims at gathering into a single one-stop shop the full scope of corporate banking services in order to contribute to the digital transformation of treasury departments. Our solutions are 100% proprietary, simple to use and fast to implement.

The Neo Group has its headquarters in Barcelona and employs 20 people between Barcelona, London and Cambridge.

www.getneo.com
A66888595
Numero de registro CNMV: 283

NEO receives authorization to convert into a MIFID2 regulated firm to deal with Fx derivatives.

Press Information


Published by
Hossam Abdel-Kader
+43 1 9582319
e-mail
http://www.pr-inside.com/


# 579 Words
Related Articles
More From The Author
Pricoa Capital Group provides Yorkshire Water with [..]
Pricoa Capital Group has provided £100 million in private placement financing to Yorkshire Water, provider of essential water [..]
ButcherJoseph & Co. Advises Destinations by Design [..]
ST. LOUIS, Dec. 05, 2018 (GLOBE NEWSWIRE) -- ButcherJoseph & Co. (“ButcherJoseph”) served as the exclusive financial advisor [..]
VistaJet Launches the First Global Program for [..]
The leading private aviation company redefines wine in flight with a collection of expert findings, signature and wine club selections, [..]
Seapulse and Maersk Drilling Announce Alliance to [..]
Seapulse Limited (“Seapulse”), the recently launched global oil and gas exploration vehicle, is pleased to announce a [..]
Outotec to deliver minerals processing technology to [..]
OUTOTEC OYJ   PRESS RELEASE   DECEMBER 5, 2018 AT 1:00 PM Outotec to deliver minerals processing technology to Mexico Outotec [..]
 
More From Business
3,300+ Finance, Business Leaders Join Asian Financial [..]
HONG KONG, Jan 16, 2019 - (ACN Newswire) - More than 3,300 financial policymakers, financial elites and business leaders attended [..]
The Executive Talk: Chememan PCL (SET:CMAN)
BANGKOK, Jan 15, 2019 - (ACN Newswire) - Chememan PCL (SET:CMAN) Chief Executive Officer, Mr. Adisak Lowjun discusses the company's [..]
Sapphire's Subsidiary Awarded EPC Contract of RMB [..]
SINGAPORE, Jan 15, 2019 - (ACN Newswire) - SGX Mainboard-listed Sapphire Corporation Limited ("Sapphire", and together [..]
Hong Kong Investment Promotion chief visits London [..]
HONG KONG, Jan 14, 2019 - (ACN Newswire) - The Director-General of Investment Promotion of the Hong Kong Special Administrative [..]
Wildfire Design & Build Receives 2018 Best [..]
NAPA December 13, 2018 -- Wildfire Design & Build has been selected for the 2018 Best of Napa Award in [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.