Equiti Group Gets CySEC License to Deepen Presence in Europe

Equiti Group, a provider of online trading technology and multi-asset financial products, has received a regulatory license from the Cyprus Securities and Exchange Commission (CySEC)

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CySEC granted the license to Cypriot subsidiary, Equiti Global Markets Limited, to operate in Europe, the Group announced on Wednesday

Equiti Group also announced the appointment of Hesham Hasanin, the CEO of EGMLabs in Cyprus as the CEO of Equiti Global Markets Limited.

Hasanin was previously the Global Head of Trading Solutions for Equiti Group.

The new license is an addition to Equiti Groups existing seven regulatory licenses in the United Kingdom, Kenya, United Arab Emirates (UAE), Armenia, Jordan and the Seychelles.

'A Significant Milestone'

The licensing comes six months after the Group received an over-the-counter derivatives and foreign exchange spot market license from the UAE Securities and Commodities Authority (SCA), thus helping to strengthen its presence in the Middle East.