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Forex and contracts for difference (CFDs) broker AFX Capital has been rebranded AFX Group, online financial media Finance Magnates reported on Wednesday, citing a company statement. The move is in line with the brokerage’s longer-term strategy to operate under a corporate umbrella structure which includes multiple entities regulated in different jurisdictions such as the UK and Cyprus.
“We believe that the new name will help us integrate a wide variety of innovative financial solutions under one roof, so our clients can enjoy a seamless experience that is second to none,” Manuela Mazzacco, CEO at AFX Group, said, as quoted by the media.
In addition, the broker has also consolidated its products under two brands – Quantic and SuperTradingOnline (STO), aiming for a stronger business structure.
STO is AFX Group’s brand for providing trading services for forex, contracts for difference (CFDs), stock index, equity, bond markets and commodities. The company offers a STO affiliate program, under which it pays rebates to partners based on the trading activity undertaken by an introduced client.
Under the Quantic brand, the company provides portfolio management service, specialized in systematic and quantitative macro investing. AFX Group intends to launch a new liquidity services in the upcoming months under the Quantic Prime division. It has alreade attracted Societe Generale as a multi-product prime broker (PB) thanks to the Quantic offering.
“Quantic has three main business activities between investment programs under Quantic asset management, strategy research and incubation programs under Quantic Lab and institutional clearing and execution services for margin and give up clients under Quantic Prime,” said Francois Nembrini, global head of sales and liquidity management at Quantic.
AFX Group’s units AFX Markets Ltd. and AFX Capital Markets Ltd. are licensed by the UK Financial Conduct Authority (FCA) and the Cyprus Securities Exchange Commission (CySEC), respectively. The group provides broking services via the MetaTrader 4 (MT4), the most popular forex trading platform, and its proprietary platform AFX Fast.
Source: Finance Magnates