New York City and European Union - FX - OBJECTS, has intermingled a core group of information technology specialists with experienced Forex traders, thereby creating a well-rounded effective team of professionals, and BERKELEY CAPITAL PARTNERS, a global leader in retail and institutional Proprietary Commodities and foreign exchange (forex) trading fund management, today announced they are joining forces to establish operations in the Middle East and European Union. The partnership will offer automated trading capabilities in forex and futures to self-directed investors in the Middle East, Africa, Asia and European Union, with the intention to expand the trading service further into the Africa, Latin and South America over time.
"We're delighted to partner with Berkeley Capital Partners on this important venture," said Olivier Gugilionda, FX - OBJECTS chairman. "Our organizations are highly complementary, with our expertise in forex, futures trading related technology, and BERKELEY CAPITAL PARTNERS being a Global industry-leading wealth manager. We share entrepreneurial cultures, strong financial foundations, and high levels of customer service. Our clients will benefit from the expertise that each of us brings to bear," said Mr. Guiglionda.
"Berkeley Capital Partners one of the most respected and successful money management firms in the global financial industry is excited about joining forces with FX - OBJECTS," said M.A. Berkeley, chairman and chief executive officer of BERKELEY CAPITAL PARTNERS. "Working together, we can accelerate our expansion plans in both the Middle East, Africa and across the European Union," said Mr. Berkeley.
As part of the venture, FX - OBJECTS will provide its expertise in both forex and futures automated trading services to the partnership, while BERKELEY CAPITAL PARTNERS will provide its advanced forex trading and wealth management services, and will also take the lead on client portfolio strategies. The companies will bring their collective experience and strengths in wealth management and trading operations to the new venture. They also plan to collaborate on several cross-Atlantic initiatives.
"We see forex as a very attractive growth area, and view this endeavor as an opportunity to expand our long-established forex and wealth management services," said M.A. Berkeley, chairman and chief executive officer of BERKELEY CAPITAL PARTNERS. "The partnership with FX- OBJECTS represents the latest step in our global growth strategy, and we look forward to identifying further opportunities throughout the Middle East, Africa, Asia and the European Union as this initiative takes hold," concluded Mr. Berkeley.
Forex is the most traded market in the world, with a daily volume that exceeds $3.2 trillion, according to the Bank for International Settlements (BIS). Among retail investors, forex trading has gained widespread acceptance over the past several years. According to U.S. research firm Aite Group, average daily trade volume in the retail forex market alone increased 700% from 2001 to 2007, reaching an estimated $77 billion per day in 2007.*
(*) Source: Aite Group, Retail FX: Taking Center in Overall Market Growth, 7/16/2008
About FX - OBJECTS
The FX - OBJECTS team started developing software for Wall Street in 2001, and has been universally acclaimed for developing a number of advanced productivity tools at Dynex Global Fund and the Banque of Luxemburg in such diverse areas as Futures and Foreign Exchange (Forex) trading. Members of the management team have then gone on to develop one of the world's most successful hedge funds, and developed these tools to assist our traders. As we believe that a trader's strength is his ability to develop a sophisticated and flexible model, not his ability to write code.
Information about and FX- Objects can be found at www.berkeleycapitalpartners.comxa.com
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About Berkeley Capital Partners
Berkeley Capital Partners is an innovator in global wealth management. The firm services the management needs of corporations, governments, municipalities, institutional clients and high net worth individuals worldwide. Founded in 1999, Berkeley Capital Partners maintains leadership positions in forex, futures, FX derivatives, asset management, trading and research. The firm is headquarted in New York, with regional headquarters in France, Mexico, the Bahamas and operates in a network of offices around the world. For further information about Berkeley Capital Partners services, products, and recruitment opportunities, visit our Web site at www.berkeleycapitalpartners.comxa.com .
info@berkeleycapitalpartners.com
