Divisa Capital Acquires Full Broker License ‘IFPRU €730k Firm’ by FCA

[kreslik.news]

Divisa Capital, one of the most rapidly developing brokerage service providers in the industry, has received approval from the FCA to upgrade its permissions to a full scope, “IFPRU €730k” license. The upgraded authorization allows the company to trade with its clients as principal without the matched limitation.

An IFPRU 730k firm (where IFPRU refers to the prudential sourcebook for investment firms) holding such a license, however, is not authorized to deal for own account, or underwrite issues of financial instruments on a firm commitment basis.

Full-scope IFPRU €730k firm status is given to firms based in the UK, with ... (read more)