1 Aug 2017 14:10
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: +44 (0) 20 3100 2000
Neil Patel
Richard Bootle
Dominik Götzenberger
Alma PR (Financial Public Relations) Tel: 07580 216 203
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.