OXIS Trades Announces Phase Two of its Expansion Plan
15 October 2015
London - United Kingdom
OXIS Trades, the leading Middle Eastern financial
services group specialized in online trading and consultancy services, announced
today that it has started implementing the second phase of its multi-phase expansion
plan, after the success achieved in the first phase.
During phase one,
the company successfully expanded its brand presence in key markets all over the
Middle East and North Africa (MENA) region. However, the focus of the new phase will
be on the Asian markets, which constitute a major global financial power. The Asian
region combines financial centers poised for strong growth and might outperform some
of the European financial hubs in the upcoming years.
In addition to
that, OXIS Trades began preliminary studies to determine potential markets in
Africa, mainly countries bordering the Atlantic Ocean, where the demand for similar
financial services is increasing.
In-line with this expansion, OXIS Trades established an Institutional Relations department in London earlier this
year
In parallel, OXIS Trades is in the
process of moving to a new office in London in order to accommodate and support the
group’s new expansion plans, while maintaining quality customer service in its
fast-growing business. The new office will be located in the City, London’s
financial hub.
In this regard,Dennis M. Stinnet, CEO of OXIS Trades
said: “These steps fall within our objectives to become an international
group." He added: “We believe that the best time to expand is now, but that
doesn’t mean that we will be shifting our focus from one region to another or
going to take any hasty steps. As a matter of fact, we have been carefully studying
the situation before deciding on the expansion moves, while continuing to focus on
the MENA region, providing the best services to our clients.”
He
also noted that the expansion plans are likely to be executed through both the
acquisition of established companies in some countries, in addition to the set-up of
greenfield companies in other countries.
About OXIS Trades
OXIS Trades (oxistrades.com), a member of X Capital, is a specialist in online trading
providing institutional and retail clients around the world direct access to the
global financial markets. OXIS Trades services clients in over 80 countries.