GMI Group just announced that it is adding a new license to its the company’s portfolio of regulatory jurisdictions. The launch of GMI Mauritius follows approval from the Financial Services Commission (FSC) in Mauritius.
The new regulatory license adds to GMI’s existing licenses in the UK and Vanuatu and highlights the continued global expansion of the group over the past few years. The increasingly dynamic marketplace is prompting brokers to diversify their regulatory license portfolios and offerings.
Speaking to Finance Magnates the company’s CEO Ashraf Ebid said that GMI Mauritius will be offering advanced and highly customizable B2B/ECN institutional liquidity service as well as full white label and turnkey technology solutions for FX and CFD brokers, banks, family offices, Hedge Funds, and financial institutions.
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The Mauritius-based subsidiary of GMI Group will also be offering financial risk management services as well as technical maintenance and support services.
Elaborating to Finance Magnates, Mr. Ebid said: “GMI Group continues to expand aggressively. The additional regulatory license and setting up of the Mauritius entity is another sign of our ongoing commitment to growing our products and services offerings globally.”
“GMI clients receive customized FX and CFD liquidity solutions in a low latency environment. We can accommodate GUI traders and algorithmic HFT clients alike. The days of a ‘one size fits all’ approach to the brokerage business are over. Execution, technology, hiring experienced staff, providing first class customer service and solid regulatory licenses are key to our global expansion plans,” elaborated Ebid.
Mauritius has been on the map of offshore regulatory jurisdictions for some time. The local regulator is actively involved in supervising forex brokers more actively since 2017 when several firms received permission from the local financial authority.