Dukascopy Ventures into Wealth Management to Diversify Offering

[kreslik.news]

Swiss forex bank and brokerage firm Dukascopy will venture into wealth management business by pooling its managed clients’ funds to stream liquidity on its SWFX marketplace.

Dukascopy Bank’s new service will add a complementary capacity that helps enhance the internalization of customer orders, which leaves less trading to be done with external dealers.

Dukascopy seeks to introduce a new assets management model and it seems already has potential clients lined up. The client can invest as low as $1000 and once he grants the management mandate to Dukascopy Bank, the company will handle the entire process.

Specifically, the business structure allows ... (read more)