BEIJING--(BUSINESS WIRE)--Today, in the City of Tianjin, a historical signing ceremony took place between the Chinese Tianjin government and IKON Group Worldwide PLC ("IKON Group"), thus forming a remarkable Strategic Alliance & Joint Committee, to develop the first of its kind, Financial Electronic Communication Network Exchange ("IKON Tianjin Financial ECN"), to enable Banks, Financial Institutions and individuals to trade on the International Forex Market in accordance with Chinese Governing Law. The value of the said project is estimated to be in excess of US$3.2 Billion.
The Chinese Central Government has appointed the City of Tianjin to become the next Financial Centre in China. Thus in conformity with such directions from the Chinese Central Government, IKON Group and the Tianjin Government have co-operated to establish this groundbreaking project to be located in the City of Tianjin.
IKON Group is currently a leading Internet derivatives trading company with a client base stretching over ninety countries worldwide, with an annualized run rate exceeding 18.6 million trades, with a product range that includes, Forex (Spot and Forward), Precious Metals (including Gold and Silver), Futures, NDFs, CFDs, Options and other products utilizing in house developed software and trading systems.
Mr. Naser Taher, the CEO of IKON Group said, "IKON Group, is proud of its unique partnership with the Chinese Government, to establish the IKON Tianjin Financial ECN, which will not only bring the International Forex Market to China utilizing groundbreaking technologies in the online Financial Derivatives Systems, and through this historical agreement signed today, it will inevitably place China, on an equal footing against its counterparts in the west."
About IKON Group
The IKON Group comprises a number of companies located worldwide who service, support, and promote online financial trading in numerous financial products utilizing in-house developed software and trading systems. The IKON Group of Companies are heavily regulated worldwide by governmental authorities and include, but not limited to, IKON Global Markets in the USA (New York), IKON Finance Ltd. in the United Kingdom (London), IFSCL in New Zealand (Auckland), IKON Markets in Singapore, IKON FX in UAE (RAK) and IKON Financial Services in China (Beijing and Tianjin), IKON Group Worldwide PLC and IKON International (Hong Kong), with further prompt expansion in 2011-2012 in Russia, Taiwan, Uruguay, Kazakhstan and Indonesia. The IKON Group has a combined notional turnover in 2010 exceeded US$580 Billion.
Contacts
IKON Group
Angela Li, + (86) 18601291201
md@ikonplc.com