Leading UK capital markets investment firm acquires landmark DIFC license

Leading global capital markets trading firm, Henyep Investment, today became the first UK-based specialist foreign exchange and derivatives trading firm to be granted a license by the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC).

Henyep Investment is authorised and regulated by the UK Financial Services Authority and its new DFSA accreditation marks its commitment to providing a robust and transparent investment platform for its growing client base in the region.

The establishment of its new regional headquarters will allow Henyep Investment to build on its 25 year history in the Middle East, where it has become a market leader.  It has built a strong network of both affiliates and clients throughout the region and plans to use the DIFC as a platform to further expand its core retail and institutional capital markets trading business that includes currencies, energy, metals, commodities, international equities and more.

Henyep Investment is a pioneer in bringing innovative derivative contracts to the retail market, including crude oil and natural gas Contract for Difference (CFD) futures contracts, which have traditionally been available only to institutional investors. CFD’s are unique as they allow investors to settle in cash, rather than the underlying physical commodity. Henyep Investment also plans to offer foreign exchange and commodity CFD’s, which have become extremely popular with retail and institutional investors.

CFDs allow investors to long, short, or hedge exposure to the underlying and provide investors with the flexibility to benefit from all market movements. Henyep will distribute its retail CFDs through affiliates and financial intermediaries.  

Louis Chiu, Chairman of the Henyep Group, commented: 
“The foreign exchange market has ballooned to US$2 trillion in daily turnover making it the largest capital market in the world.  This coupled with huge investor interest in energy and precious metals related products such as crude oil and gold lead to a bright future for the sector in the region”.

Assem O. Kabesh, Chief Business Development Officer and Board Member at the DIFC, said:
“The current infrastructure development boom in the Gulf, along with rising oil prices, is driving demand for price risk management of commodities in the region. Clients will benefit from Henyep Investments’ trading expertise and international market access”.

Henyep Investment continues to view the region as critical to its global growth prospects.  It has global operations across three continents and markets its products through 50 affiliates worldwide and its advanced online trading platform.

“The level of service we provide to our affiliates is what sets Henyep Investment apart from its competitors.  We understand the unique business requirements of each of our affiliations and actively help drive revenues and profitability.  The establishment of our new Middle East headquarters will allow us to provide superior service to our affiliates in the region” said Roger Bach, CEO Henyep Investment.

“The DIFC provides Henyep with a world-class platform from which to operate throughout the Middle East and allows us to build a strong foundation to extend into other group services such as wealth management, corporate advisory and China-related investment opportunities” added Mr. Chiu.

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