Dukascopy – Swiss Forex Marketplace, the Forex Dealer based in Geneva, and one of the largest liquidity aggregators in the world has received its Banking Authorization from the Swiss Financial Market Supervisory Authority FINMA and becomes “Dukascopy Bank ”
Created in 2004, the company has grown from 2 to 130 employees.With about 100,000 visitors per day through the internet, Dukascopy has become a reference in the Forex Industry. Its internet TV already generates more than 110 regular topics and updates per day.
“The Banking Authorization is a confirmation of a successful transition and an upgrade of Dukascopy ’s organization. The changes that have been orchestrated within the Company’s infrastructure were conducted by a committed team that has designed a new Corporate Governance and an Internal Control System in line with Swiss Banking requirements ”,said Laurent Bellières,CFO of Dukascopy Bank . “It is a tremendous accomplishment for our team which has passed FINMA’s rigorous screening while managing to develop the business to confidently sail past the financial crisis. The banking license represents an important step for our long term development. Dukascopy now opens its doors for partnerships, to provide its advanced technology via a new White Label Solution.”said Alain Broyon, CEO of Dukascopy Bank.
Dukascopy Bank SA will keep its Electronic Communication Network business model while increasing its business relationships with other banks, institutions, High Net worth Individuals and retail clients. “We are one of few Forex Marketplaces in the world and our business model based on technology and transparency is the reason behind our success. With about a transaction taking place every second, Dukascopy continues to develop more efficient systems for the industry ” said Dr Andre Duka, CTO of Dukascopy Bank.
Already established as an industry leader among professionals and Ultra High Net Worth Individuals, Dukascopy has recently granted access to retail investors and now serves all market segments. The Banking Authorization will offer added security and value to the clients of the Bank and allow a substantial growth in all market segments, especially in the interbank relations sector, which has been rapidly developing.