GCEX, a UK-based digital prime broker, has been given permission to operate as an investment firm by the Danish Financial Services Authority (FSA).
The FSA’s licence gives GCEX access to the EU market.
More specifically, the prime broker will be able to offer rolling spot FX and contract-for-difference (CFD) trading for institutional clients within the EU.
The move has been described as a “significant milestone” by GCEX.
It is also a key development in GCEX’s European expansion efforts and comes just a week after the firm appointed Tilman Schultz as head of partnerships with the responsibility for developing business in the German-speaking regions of Germany, Austria and Switzerland.
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