- INFINOX to recruit 20-strong team in Dubai after doubling its Asian client base in a year
- Trading by INFINOX’s Asian clients grew by 114% during the pandemic, with volumes traded through its institutional arm IX Prime surging 261%
- Dubai-based Head of Global Marketing Rajan Naik appointed to lead further brand expansion across Asia
The global trading provider INFINOX has unveiled a new hub in Dubai amid a rapid expansion of its operations across Asia.
The brand, which is headquartered in the City of London but has a presence in 15 countries, grew its number of Asian clients by 102% in the 12 months to the end of March.
Over the same period, Asian investors traded 114% more through INFINOX’s online platform compared to the previous year. Trading volumes through the provider’s institutional arm, IX Prime, soared by 261% across Asia.
IX Prime provides trading infrastructure and liquidity to international exchanges including the Brasil Bolsa Balcão (B3) – the world’s third largest derivatives exchange – and the brand’s combination of cutting-edge trading technology and deep reserves of liquidity have made it the partner of choice for a range of global hedge funds, brokers and exchanges. The division grew its number of institutional Asian clients by 18% between 2019 and 2020.
INFINOX’s Dubai hub, which will house 20 staff and be led by the newly appointed Head of Global Marketing Rajan Naik, will play a pivotal role in the brand’s continued growth across Asia.
In addition to its strategic location, the UAE is one of INFINOX’s fastest-growing markets. Client numbers jumped by 565% across the Emirates between Q1 2020 and Q1 2021, with trading volumes surging by 142%.
Rajan Naik, Head of Global Marketing at INFINOX, commented:
"The opening of INFINOX’s Dubai office is more just than a logical step in one of our fastest-growing markets. It’s also a statement of intent about our global ambitions.
“We now have a physical presence in the Middle East, South East Asia, Africa, Europe and Latin America, enabling us to deliver premium, personalised support to our fast-growing number of clients, both retail and institutional.
“With ongoing volatility across all asset classes as different markets recover from the pandemic at different speeds, investment opportunities abound – and we’re seeing a sustained surge in demand from investors who come to INFINOX for its robust, reliable and seamless trading experience.
“These are exciting times to be part of INFINOX, and in the coming months we’ll be building a 20-strong team of marketing and service specialists in Dubai. Together we’ll use our new base to drive further growth across the Middle East and Asia.”