FXCM Group And Apex Sign Memorandum Of Understanding To Start Working Together Towards A New Exchange Offering
London, Singapore – 10 December, 2018 – FXCM Group, LLC (“FXCM Group” or “FXCM”), a leading international provider of online foreign exchange trading, CFD trading and related services, together with the Asia Pacific Exchange (“APEX”) today announced the signing of a Memorandum of Understanding (MoU), agreeing to collaborate on launching new and innovative products on the APEX Exchange.
Zhu Yuchen, CEO of APEX, stated: “APEX is a firm believer in promoting the development of the local industries in futures and options contracts covering both commodity and financial derivatives products in the Asia Pacific region. We provide a fair, transparent and efficient platform for various enterprises to compete globally, and have chosen to partner with FXCM for their experience and expertise in the Asia pacific region with the trading community.”
Siju Daniel, Chief Commercial Officer of FXCM Group noted: “With FXCM’s long history and expertise as one of the world’s leading FX and CFD brokers, working alongside an approved exchange and clearing house in Singapore, we believe we can create new innovative product offerings and are enthusiastic on the many possibilities. We look forward to sharing them with the market in the future.”
Zhu Yuchen, CEO of APEX, signed the agreement in Singapore on Wednesday December 5th with Siju Daniel, Chief Commercial Officer of FXCM Group.