Price Markets Terminates its Head of Legal and Compliance

Price Markets UK Ltd, a supplier of overseas change (foreign exchange) prime brokerage and infrastructure providers, introduced this Friday via a regulatory submitting that Christoph Flefel’s appointment as a Director has been terminated.

According to the submitting via UK Companies House, Flefel was terminated from his place on the 18th of March this 12 months. According to his LinkedIn profile, he held the place of Director, Head of Legal and Compliance at Price Markets UK.

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Price Markets is Winding Down its Retail Operations

Finance Magnates reached out to Price Markets to substantiate the termination. In response, Alexander Talei, the founder and Chief Executive Officer (CEO) of the corporate, confirmed that Flefel is not with the agency.

Alexander Talei, CEO of Price Markets UKAlexander Talei, CEO of Price Markets UK
Source: LinkedIn

Speaking on Flefel’s termination to Finance Magnates, Talei mentioned: “This comes on account of firm reorganisation as we’re winding down our Retail division to take care of deal with our Liquidity Provision and Technology Solutions.

“In the meantime, I’m taking over the position of Mr Flefel through the restructuring part. I’m grateful for Mr Flefel’s work over the previous couple of years and need him all the very best in his future endeavours.”

At Price Markets, Flefel headed the Compliance, Anti-Money Laundering, Client Assets and Internal Controls oversight capabilities, in accordance with his LinkedIn profile. He initially joined the corporate in July of 2015.

Christoph Flefel of Price Markets UKChristoph Flefel
Source: LinkedIn

Before working on the FCA-regulated firm, Flefel was employed at Noor Capital Markets & Amwal International Investment Company. Here, from 2010 till 2015 he was the Head of Compliance, primarily based in Kuwait.

Through its prime brokerage, Price Markets supplies clearing, execution, {hardware}, software program and networking infrastructure to quite a lot of Price Takers and Price Makers.

Price Markets Achieves Profit in 2017 for First Time

As Finance Magnates reported in direction of the tip of final 12 months, through the agency’s 2017 monetary 12 months, the UK-based firm managed to make £367,860 in gross revenue, the primary time the corporate has managed to attain this.

In the identical 12 months, Price Markets UK recorded a turnover of £603,780. From this, the price of gross sales was £235,920. In addition, the agency’s UK institutional buying and selling quantity exceeded $1 billion in 2017.

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David is the founder of DebtDefined.com. The firm originates business financing for companies of all size in the Canadian marketplace . Originations include business loans, term loans, asset based lines of credit, SR ED Tax credit financing , and receivable financing .

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