Cambridge Mercantile Group, the UK’s fastest growing international FX and payments business1, today announced that the Financial Conduct Authority has granted its subsidiary company, Cambridge Mercantile Risk Management (UK) Ltd, permission to offer structured foreign exchange products.
With immediate effect, the company is able to offer options-based hedging strategies on an execution-only basis; it is one of only a few non-bank companies in the UK that is authorised to do so.
The new range of hedging strategies will sit seamlessly alongside the existing selection of foreign exchange products offered by the Cambridge Mercantile Group.
David Clark, Managing Director, Cambridge Mercantile Group (Europe), commented:
"These new products will give additional flexibility, choice and peace of mind to our clients. As a hedging tool, they can fully protect client transactions against any downside while at the same time potentially enabling them to participate in any upside if currency markets move in their favour. The new range, provided through our recently launched subsidiary, Cambridge Mercantile Risk Management, perfectly complements our existing selection of hedging strategies and will help us to further grow our market share during 2014."