ADS teams with Pioneer to build presence in London
ADS Securities has entered into a strategic alliance with UK brokerage Pioneer Trader to launch a London-based foreign exchange service.
Based in Abu Dhabi, ADS was established in March 2011 with an initial capital injection of $400 million from a group of private investors. It offers trading in FX, bullion and commodities, and is largely known as a Middle East specialist.
Keith Tebbutt, previously a senior sales executive at ADS and now head of institutional sales at Pioneer in London, says the
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