Monex Europe is a UK-based
foreign exchange company
A non-bank foreign exchange company also known as foreign exchange broker or simply forex broker is a company that offers currency exchange and international payments to private individuals and companies. The term is typically used for currency ex ...
that provides
currency exchange
A bureau de change (plural bureaux de change, both ) (British English) or currency exchange (American English) is a business where people can exchange one currency for another.
Nomenclature
Although originally French, the term "bureau de chang ...
and international payments. It is the European subsidiary of the Mexican financial company
Holding Monex
Holding Monex is a Mexican foreign exchange company that specializes in international transactions and payment services for commercial clients. It is one of the largest dedicated foreign exchange companies providing a number of payment and for ...
. The company provides same day, spot and forward foreign exchange contracts to FTSE-listed companies, financial institutions, SMEs, government and non-profit organisations.
History
The company was established as Schneider Foreign Exchange in 2006 by Sonny Schneider, Nick Edgeley, Will Tracey, Shelton Fray and Antony North and was registered by
HM Revenue & Customs as a
money services business A money services business (MSB) is a legal term used by financial regulators to describe businesses that transmit or convert money. The definition was created to encompass more than just banks which normally provide these services to include non-ba ...
.
In October 2010 it was named as a finalist for the National Business Awards Private Company of the Year award.
In March 2011, Schneider Foreign Exchange was granted authorisation by the
Financial Conduct Authority
The Financial Conduct Authority (FCA) is a financial regulation, financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The ...
as an Authorised Payment Institution.
In July 2012, Mexican based Monex Group (Holding Monex SAPIB), a major commercial foreign exchange providers, acquired Schneider Foreign Exchange and the company's name was changed to Monex Europe Ltd. Monex Europe is authorised by the FCA under the registration number 463951.
Nick Edgeley and Will Tracey remain on the Monex Europe leadership team. Sonny Schneider is the managing director of Schneider Trading Associates Limited, while Antony North is the co-founder of
fintech company Centtrip and the CEO of Centtrip Music.
In January 2014, Monex Europe launched a subsidiary company Monex Europe Markets Ltd, selling financial derivatives. This subsidiary is authorised by the Financial Conduct Authority, with the registration number 596146.
Operations
Monex Europe's headquarters are in London, with additional offices in Madrid and Amsterdam. , based on published company accounts, Monex Europe had a currency turnover of £13.021bn for the 9-month period up to 31 December 2015.
References
{{reflist
External links
Official WebsiteCryptex Exchange SiteAlgorand Price Prediction
Financial services companies established in 2006
Financial services companies based in the City of London
Foreign exchange companies