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New Dubai-based forex trading house Fortress Prime plans to achieve UK Financial Regulation License form FCA

Fortress Prime Clearing, (Fortress Prime or the Company), a division of Fortress Capital Investments L.L.C. headquartered in Dubai, UAE, is the leading clearing house and a provider of institutional trading liquidity for various financial products including but not limited to forex, precious metals, commodities, global indices and CFD’sis aiming for a U.K financial regulation license from Financial Conduct Authority (FCA), which supervise the conduct of over 50,000 firms, and regulate the prudential standards of those firms.

Mitch Eaglstein elaborated on the U.K. expansion: “This is a critical step in becoming a true global forex provider as FCA regulations will allow us to provide prime brokerage services to institutional clients in Europe and other mature markets across the globe. We have established a U.K entity that will file for the authorization. A local team will be hired that will conduct our primebrokerage services.”

Fortress Prime, which launched its operations in the month of September, 2014 expects to enhance its profitability and strengthen its balance sheet during the first quarter of 2015 due to continued growth in its forex trading client base in combination withhighertrading volume as a result of increase in forex market volatility.

Fortress Prime’s outlook on retail forex market is extremely positive, especiallyin the region of Middle East and North Africa (MENA) region, Asia and Latin America.Eaglstein said: “The forex landscape is changing rapidly due recent increase in volatility and constant evolution in clients’ expectations.Fortress Prime is seeing substantial demand for gold and silver spot trading with continued interest in retail forex trading. Having Sharia accounts offerings is also essential for theMiddle East marketand having a physical presence in the region is crucial to conduct the business in accordance to local laws, customs and culture.”

Fortress Prime delivers deep trading liquidity in FX, precious metals, commodities, global indices and CFD’s. It utilizes advanced MT4 and FIX API trading technology solutions in addition to advisory and operational services to retail brokers, professional clients, financial institutions, and hedge fund managers globally.