Vantage, a global multi-asset broker, is pleased to announce that it has received a derivatives trading license from the conduct in the Financial Services Industry in South Africa.
The FSCA is the regulatory body for financial institutions in South Africa, responsible for licensing, supervising and enforcing compliance with financial laws and regulations. The new license represents a significant milestone for the company in building a stronger position in Africa and demonstrates its commitment to providing high-quality financial services to clients on the subcontinent while complying with the regulatory requirements set out by the FSCA.
“We are extremely pleased to be licensed by the FSCA,” said Vantage’s Director of Strategy and Trading Marc Despallieres. “We have focused on South Africa for some time and are committed to providing traders with exceptional financial services and products while operating in accordance with the highest regulatory standards.”
Also Read: Five Common Challenges of Digital Transformation in Finance
Vantage’s growing focus on South Africa was marked by the promotion of Ted Odigie to Head of Business for Africa in November 2022. Odigie joined Vantage in August 2021 with over 17 years of experience in the financial services sector, focusing primarily on business development and administration clients.
Vantage will attend the Finance Magnates Africa Summit in Johannesburg on 8-10 May 2023. Odigie will be the keynote speaker on the panel discussion “Market Opportunities: Where is the Alpha in the Second Quarter? (Market Opportunities: Where’s the Alpha in Q2?)”, which will take place on May 9, 2023 on the central stage.
“Our clients’ satisfaction and trust are our top priorities,” said Odigie. “With this license, our clients will know that we are a serious and trusted global brokerage firm committed to protecting their interests and providing best-in-class trading services.”
