Financial Services - Dubai, Dubai, United Arab Emirates
As part of the plan to strengthen Asett's global position in innovative products and services, whilst providing competitive costs and operational efficiencies, Asett Limited Hong Kong has acquired Fidelis Commercial Broker (UAE), Fidelis Commercial Limited (UK) and Fidelis Commercial (São Paulo).Asett will enhance diversification across global asset classes, including the addition of U.S. and European cash equities, global ETPs and global FX by utilising Asett's leading proprietary trading technology thus combining and migrating the company's markets onto a single, proven and elective platform. E combination provides enhanced market data products and services to meet the needs of the growing index–based investing markets. Fidelis will be expected to be accretive to Asett's holdings, adjusted in the 1st year following completion of the transaction.