Tuesday 25 May 2021
Global trading provider INFINOX has unveiled a new hub in Dubai amid a rapid expansion of its operations.
The company will recruit a 20-strong team in Dubai after doubling its Asian client base in a year.
Trading by the London-based company's Asian clients grew by 114% during the COVID-19 pandemic, with volumes traded through its institutional arm IX Prime surging 261%.
INFINOX grew its number of Asian clients by 102% in the 12 months to the end of March 2021.
IX Prime provides trading infrastructure and liquidity to international exchanges including the Brasil Bolsa Balcão (B3) – the world’s third-largest derivatives exchange – and the brand’s combination of cutting-edge trading technology and deep reserves of liquidity have made it the partner of choice for a range of global hedge funds, brokers, and exchanges.
The division grew its number of institutional Asian clients by 18% between 2019 and 2020.
INFINOX’s Dubai hub, which will house 20 staff, will play a pivotal role in the brand’s continued growth across Asia.
In addition to its strategic location, the UAE is one of INFINOX’s fastest-growing markets. Client numbers jumped by 565% across the Emirates between Q1 2020 and Q1 2021, with trading volumes surging by 142%.