26 Degrees granted licence by CySEC
19th September 2023 LIMASSOL, Cyprus – Leading multi-asset prime brokerage business, 26 Degrees Global Markets has announced that is has obtained a broker licence (435/23) from CySEC, the financial regulatory agency of Cyprus.
This news comes just months after the company, who is already regulated by the Australian Securities and Investment Commission (ASIC), announced it was rebranding from Invast Global to 26 Degrees Global Markets, repositioning itself to gain market share in the billion-dollar industry as broker dealers, hedge funds and family offices are left out in the cold by the shakeout in the prime brokerage market.
Upon receiving the news, 26 Degrees Chief Executive Officer – EMEA, Riana Chaili, commented, “We are delighted and immensely proud to have obtained the CySEC licence, which emphasises our dedication to operating with the highest level of transparency and integrity. This additional licence further solidifies our position as a leading multi-asset prime broker globally.”
Lochlan White, Chief Commercial Officer – EMEA added, “the CySEC licence approval demonstrates our commitment to building a strong and sustainable business in Cyprus to service our local clients and those in the European time zone. We are excited by the opportunities that this presents for us as a global business and for our valued clients.”
26 Degrees expects to significantly grow its market share over the next five years as it deepens these relationships and capitalises on the changing market conditions that are seeing the traditional Investment Banks exit this market segment creating a vacuum that 26 Degrees is well positioned to fill.
26 Degrees refers to the 26th degree latitude which runs parallel across the widest breadth of Australia dividing it from North to South. It crosses the Indian Ocean to meet the Cradle of Humanity in South Africa, where humankind evolved.
About 26 Degrees
26 Degrees Global Markets is an award-winning multi-asset prime broker specialising in providing prime services to brokers, hedge funds, proprietary trading firms and family offices globally.
With over a decade of proven history in Australia under former brand Invast Global, 26 Degrees is continuing to revolutionise the prime brokerage space by providing bespoke and innovative solutions to their clients internationally and responding quickly to the constantly evolving institutional client needs. Their direct relationships with a variety of Tier 1 Prime Brokers allows them to provide a robust clearing facility alongside exceptional liquidity, sourced from an aggregation and careful curation of the leading bank and non-bank liquidity providers across the globe.