TUESDAY, 18 MAY 2021



Facebook Linked In Twitter
GAP Vassilopoulos

President Anastasiades Presents National Recovery Plan For The Post-COVID Era

Ioannou: The Serious Manner In Which Citizens Address Vaccinations Fills Us With Optimism



brought to you by PWC

Guru Capital Acquires ETX Cyprus

Guru Capital Acquires ETX Cyprus

Swiss private equity firm, Guru Capital, has completed the acquisition of Cyprus-based Monecor (Europe) Ltd, better known as ETX Cyprus, after receiving approval from the Cypriot regulator, the companies announced on Monday.

The latest acquisition followed Guru Capital’s purchase of the London-headquartered financial spread-betting and contracts-for-difference (CFDs) provider, ETX Capital, which was closed last October. The fresh deal shows the new owner’s ambition to expand the London-based brand in new markets.


European Expansion In Line

The press release shared with Finance Magnates detailed that the Cypriot company will offer brokerage services in Europe, as the British sister company cannot operate within the 27-country bloc after the seal of the Brexit deal.

ETX Cyprus will be the headquarters of the brand’s European operations, and it will start onboarding clients within weeks.

Commenting on the acquisition, ETX Capital Chief Executive, Philip Adler, said: “I am delighted that Guru Capital is now the owner of our Cypriot sister company. ETX has a long tradition of offering best in class service to our UK clients, and we are looking forward to ETX Cyprus picking up that baton and being at the heart of ETX’s European expansion.”

“The ETX platform offers a very compelling opportunity for European traders due to its user-friendly functionality and multi-asset offering with over 5,000 tradeable instruments,” said Ryan Nettles, Managing Partner at Guru Capital.

Finance Magnates earlier reported that the trading revenue of ETX Capital surged by 49 percent in the first eleven months of 2020, when compared to the same period last year. The number of processed trades increased by 32 percent, while trades per client and spreads per trade improved by 29 percent and 18 percent, respectively.


Source: Finance Magnates





Elias Neocleous & Co LLC: Partners For Growth!

Elias Neocleous & Co LLC has advised Mediterranean Hospitality Venture Limited (MHV) ...

CITR: The Italian Offensive Against Bad Loans

Business shutdowns, deferrals, job losses, credit default, and many other similar ...

Pyrgou Vakis LLC Ranks Once Again In Legal 500

Pyrgou Vakis LLC has ranked for fourth consecutive year as a top tier firm in the Legal ...



President Anastasiades Presents National Recovery Plan For The Post-COVID Era

President of Cyprus Nicos Anastasiades said that today marks a historic day, as the foundations for the post- COVID era in Cyprus are being laid.  The ...

Ioannou: The Serious Manner In Which Citizens Address Vaccinations Fills Us With Optimism

Safe Pass is not necessary for outdoor venues of restaurants, coffee shops, theatres, cinemas etc as of today, Monday, May 17 while the evening curfew ...

EU Directive Introducing Class Actions And US Chamber Institute For Legal Reform Recommendations.

The concept of class actions is widely known in the USA and is essentially a claim that consist of a group of claimants that have suffered the same damage or ...

Cyprus Casinos “C2” Reopens

Cyprus Casinos “C2”, the first and only authorised casinos in the Republic of Cyprus, announces its reopening from today, 17th May. C2 is ready to ...

New Virtual Forum On Entrepreneurship For University Students

On Wednesday, May 26 and Thursday, May 27, CyprusInno will be hosting its virtual forum for university students, Opportunity from Crisis: Launching Your ...

CCLEI: Signs Of Recovery Of The Cypriot Economy Following The Strong Effects Of The Pandemic

The Cyprus Composite Leading Economic Index (CCLEI) recorded a year-over-year increase of 3.9% in April 2021 reaching a level of 101.5, after the ...

GOLD New Issue: The Limassol Issue

The Greek philosopher Socrates, memorably noted: “By far the greatest and most admirable form of wisdom is that needed to plan and beautify cities and ...

Draft Law Of Cyprus Loan Guarantee Scheme Sent To The European Commission For Examination

The Finance Ministry in Cyprus is awaiting word from the European Commission if a draft law providing for the Cyprus loan guarantee scheme is in line with the ...




Gold may Issue