Tickmill gains London presence lead by former ODL and City Index senior executive Duncan Anderson, obtains FCA regulation

Retail FX and CFD broker Tickmill has today announced that it has obtained authorisation from the Financial Conduct Authority (FCA) for its UK entity, Tmill UK Limited, under registration number 717270.

FCA is one of the world’s most respected regulatory bodies, within which the most prominent financial services firms operate. FCA regulated brokers must adhere to the strictest financial standards, including capital adequacy requirements, full segregation of client funds and transparency of business operations.

With the FCA authorisation, Tickmill, which currently has a strong presence in key markets in Asia, the Middle East and Africa, is set to expand its reach in the UK and Europe, providing traders with excellent trading conditions, high levels of financial security, superior execution speed and personalised customer support. Tickmill has officially launched its services in the UK and Europe today, on November 09th and expects strong interest from professional algorithmic traders.

In September 2016, the Clients of the Tickmill Group executed more than 3.0 million trades, out of which 63% were placed by algorithms and Expert Advisors (EAs), while 37% were placed manually. The Company is proud to serve some of the most sophisticated retail and institutional clients in the world, who are very sensitive towards liquidity, pricing and execution quality.

The new regulatory status will play a crucial role in Tickmill’s plans to expand its product offerings to meet and exceed client expectations.

Tickmill UK will be overseen by Duncan Anderson, who has been appointed as the Chief Executive Officer of Tickmill’s UK operations. Mr Anderson has extensive experience in financial industry and before joining Tickmill, he held various management positions in renowned financial firms. His strong industry knowledge will support Tickmill’s vision to become the provider of choice in terms of quality of trading services and customer experience.

“It is indeed a great honour to be working with the Tickmill team,” Mr Anderson said. “With a proven track record of strong financial results and stable growth, evidenced by the record-high monthly trading volume of $51.7 billion posted in July, the Company has put itself in an enviable position as a market leader and innovator. This underlines Tickmill’s firm belief in outstanding
customer service, and to that end, I am really excited to help bring the respected Tickmill brand to Europe.”

Speaking about the FCA licence, Mr Anderson commented: “The FCA authorisation marks a new chapter in our history as we expand globally. There is now a clear path to enter the European market with a firm commitment to put our clients’ interests at the heart of our operations and to deliver brokerage services of outstanding quality.”