Suche   Â
DGAP-News: MIG BANK Partners With Penson Futures
ID: 439881
(firmenpresse) - MIG BANK
12.07.2011 18:16
---------------------------------------------------------------------------
NEUCHATEL, Switzerland, 2011-07-12 18:16 CEST (GLOBE NEWSWIRE) --
MIG BANK, the first Forex broker to become a Swiss bank, has recently announced
a new strategic business alliance with Penson Futures to accommodate the recent
changes in legal regulations for U.S. clients.
The new Dodd-Frank act implements changes that affect the foreign exchange
Industry, which means MIG BANK will no longer be able to provide online trading
services for U.S. clients effective at the end of trading on July 15, 2011.
Ahead of this deadline, MIG BANK is proud to announce they have selected Penson
Futures as their new White Label partner for U.S. Clients. Penson Futures
echoes many of the same values and services as MIG BANK - clients will continue
to trade with the same advanced technology, integrity and high levels of
transparency they have come to expect at MIG BANK.
After the announcement Hisham Mansour, CEO at MIG BANK responded by saying:
'Forming this new partnership with Penson Futures is an exciting time for us
here at MIG BANK. We have been evaluated many potential partners, and decided
on Penson Futures as they strongly reflect our core business values. The
migration process for existing U.S. clients will be simple, and all clients
will receive individual instructions ahead of the deadline.'
John Streich, Penson Futures' President and Chief Executive Officer stated
that: 'Penson Futures is very pleased to be working with MIG Bank. Their
business model and standards complement our own and working together we believe
we can offer transitioning clients continuity of the high standards of service
they expect.'
MIG BANK is a the largest Swiss bank specializing in online Forex and CFDs
trading services for private and institutional clients, offering powerful MT4
trading platform, multi bank liquidity, fully transparent dealing model,
automated trading with price improvement and no dealing desk execution as well
as many other advantages. MIG BANK is regulated by FINMA and is ISO 9001:2000
and ISO 27001:2005 certified for Effective Quality Management Systems and
Effective Information Security Management Systems. MIG BANK is a Team Partner
of Mercedes GP Petronas Formula One Team and a corporate partner of UNICEF. You
can find further information about MIG BANK by visiting http://www.migbank.com
Penson Futures is a Penson Worldwide company (Nasdaq:PNSN), a leading
independent execution, clearing, settlement, and technology firm servicing the
global financial services industry. Penson Futures is registered with the FSA
and Commodity Futures Trading Commission, and is a member of the National
Futures Association. Penson Futures is a full service Futures Commission
Merchant (FCM) and Forex Dealer Member (FDM) providing futures execution and
clearing services on the world's major exchanges. Penson Futures supports a
variety of clients including non-clearing FCMs, Introducing Brokers,
Professional Traders, Institutions, Commercial Hedgers, AP Users, and
Individual Investors. You can find further information about Penson Futures by
visiting http://www.pensonfutures.com
The MIG BANK/Penson Futures logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=9980
14, Routes des Gouttes d'Or
2008 Neuchatel - Switzerland
MIG BANK
T: +41 32 722 81 00
News Source: NASDAQ OMX
12.07.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: MIG BANK
CH
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901521420
WKN:
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
  
  
  
Datum: 12.07.2011 - 18:16 Uhr
Sprache: Deutsch
News-ID 439881
Anzahl Zeichen: 4792
Kontakt-Informationen:
Kategorie:
Wirtschaft (allg.)
Diese Pressemitteilung wurde bisher 0 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: MIG BANK Partners With Penson Futures"
steht unter der journalistisch-redaktionellen Verantwortung von
MIG BANK (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).