Meritkapital secures ‘Dealing on own account’ license

CySEC licensed Meritkapital Ltd has been granted a license extension to ‘Dealing on Account’ offering services in accordance with the Law 144(I)/2007 to include execution, reception and transmission, investment advice, and portfolio management. Its ancillary services include custodial, investment research and advice on capital structures.
“This marks a positive development for the company as it testifies to its robust financial standing and its potential for future growth,” Cyprus-based Meritkapital said in an announcement.
‘Dealing on own account’ will enable proprietary trading to capitalise on specific trading strategies and market opportunities, hedging away interest rate and FX risk, acting as a counterparty for back-to-back fixed-income trades and will facilitate other structured product trading of the company.
www.meritkapital.com