SFS International Securities
(SFSIS), a member of the Sharelink Financial Services
Group, is gearing up to become the gateway to Cyprus
from the UK, providing investment services to the
substantial Cypriot and Greek community in the UK
Accoding to SFSIS' Executive Managing Director Stavros
Loizou and Deputy Managing Director Andy Charalambous,
the firm has received authorisation from the Securities
& Futures Association (SFA) of the UK to conduct
investment business in equities and bonds. The company
aims to tap at least 40 per cent of the Cypriot and
Greek population in the UK.
Mr Loizou said the focus of SFSIS will be to cater to the needs of private clients in the UK who are interested in investing in the Cyprus Stock Exchange (CSE) and other stock markets including the Athens Stock Exchange and London Stock Exchange. Clients in the UK will be able to make greater investments in the CSE, with all trades originating from the UK going live through SFS’s electronic trading system direct to the SFS floor traders for execution. Mr Charalambous commented: 'Investors in the UK will have exactly the same service which is offered to clients in Cyprus.' He added that the same charges will be applicable to all clients, irrespective of location.
Through its international clearer Pershing Securities Ltd SFSIS can provide execution, settlement and nominee services for a number of UK and international markets, including Greece. Mr Charalambous said that with most UK brokerage firms not accepting orders for small trades, SFSIS aims to cater to the needs of many UK-based investors which are currently not met.
Both directors of SFSIS also hope to drum up potential business from UK institutional firms who may be interested in investing in the CSE. Mr Loizou said: 'Many UK institutional firms view Cyprus as a small version of Greece in the run up to EU membership and there is a good possibility that current interest may translate into future business. We wish to be there when people will need to know more about Cyprus and provide the service for them to invest.'
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