Alpha authorised by FCA as BIPRU investment firm

RNS Number : 7774M

Alpha FX Group PLC

01 August 2017

 

1 August 2017

Alpha FX Group plc

("Alpha", the "Company" or the "Group")

Alpha FX authorised by the Financial Conduct Authority as a BIPRU investment firm

Alpha FX (AIM:AFX) confirms today that its wholly owned subsidiary, Alpha FX Limited, has been authorised by the Financial Conduct Authority (FCA) as a BIPRU investment firm with immediate effect.

As set out in the Group's Admission document, in January 2017 the Company applied to the FCA to become a BIPRU investment firm. The Company's status as a BIPRU investment firm will enable it to offer currency swaps and options to its clients, in addition to its existing products and services.

Enquiries:

Alpha FX Group plc                                                                                                         via Alma PR

Morgan Tillbrook, Founder and CEO

Tim Kidd, CFO

Liberum Capital Limited (Nominated Adviser and Sole Broker)                 Tel: [phone]

Neil Patel

Richard Bootle

Dominik Götzenberger

Alma PR (Financial Public Relations)                                                                      Tel: [phone]

Josh Royston

Helena Bogle

Hilary Buchanan

Notes to Editors

Alpha is a founder led, UK-based corporate foreign exchange service provider focused on managing exchange rate risk for UK corporates that trade internationally. The Company's primary client base consists of medium sized corporates that have a requirement to convert currency for a commercial purpose, such as buying or selling goods and services overseas, repatriating profits, or expatriating payroll. Since it was incorporated in 2010, Alpha has been able to build and retain a high-quality client base that includes brands such as ASOS, Holland & Barrett and Global Data.

 

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