Exclusive: Senior Citi, Saxo Bank & Marex Spectron executives found brand new FX and CFD brokerage in London

FinanceFeeds has learned from its founders that all new London based FX & CFD provider True Trade Ltd. is set to launch in 2017.

A new London based FX and CFD provider, True Trade Limited, founded by industry veterans Klaus Buhl, Ashraf Agha, and Paul Cassidy is set to launch in 2017 with its FCA license having been granted in late November 2016.

True Trade Ltd. is a subsidiary of True Trade Holdings, a US based privately owned holding company whose majority shareholder is Michael Frey.

Mr Buhl who has previously held senior positions in Saxo Bank and GAIN Capital both within Europe and Asia Pacific will assume the position as Chief Executive Officer.

Mr Agha, Chief Operating Officer of True Trade, has previously held multiple senior and board positions in Marex Spectron, CFH, and Saxo Bank.

Mr Cassidy, Chief Marketing and Strategy Officer of True Trade, has previously worked in the sector as Global Head of Marketing for CitiFX Margin Trading as well as a Board Director and Global Head of Marketing for City Index.

Mr Buhl commented: “ We are very pleased to be granted our license by the Financial Conduct Authority. As a team this has been an important milestone in the build up to our launch in 2017. We have been working tirelessly behind the scenes on developing our proprietary technology, securing our FCA license and recruiting a first class team to deliver our vision both to the market and for our investors. We are very ambitious about our business; we believe our proposition is so unique and disruptive that it will really resonate with clients.”