City Credit Capital ,the London based online multi-asset trading specialist, has announced a new agreement with Argentina Clearing and ROFEX.
The partnership, expected to launch in late March 2018 will allow ROFEX agents to a seamless experience trading City Credit Capitals award winning trading platforms on a number of OTC instruments, FX and CFDs.
Agents of ROFEX will benefit directly from City Credit Capitals multi-asset capabilities – through access to global markets from one single account and in a significant newstep, these trades will be registered locally by ACSA, helping to fufill the new requirement under Argentinian regulation.
Andrew Braine, Director of Latin America, said We are delighted to work alongside Argentinas largest futures markets, ROFEX, and Argentina Clearing. We consider Argentina a very important market and this prestigious partnership shows our commitment to building a long term business in the country, providing quality trading services in a range of international markets, with local trade registrations via Argentina Clearing.
We are pleasedto offer a new service for our Brokers that will allow them to register their financial OTC transactions in a local registry entity such as ROFEX. The service is complemented with the existing ones for registering OTC transactions on agricultural, climate and energy derivativessaid Ismael Caram, ROFEX’s deputy general manager.
Rosario Futures Exchange was founded in 1909 and is the leading market of futures and options in Argentina.. According to the 2017 annual raking from the Futures Industry Association (FIA) ROFEX is positioned in 23rd place worldwide and is second in Latin America.
Argentina Clearing was authorized in June 2002 by the National Securities Commission to act as Clearinghouse for Futures and Options and, since November 2002, it became ROFEXs CCP.
