| Type | Private |
|---|---|
| Industry | Financial Services Foreign Exchange |
| Founded | 2005, London, UK |
| Headquarters | London, UK |
| Key people | Chris Humphrey – General Manager Simon Griffin – Head of Strategy and Growth |
| Website | www.ukforex.co.uk |
UKForex is an online deliverable foreign exchange provider based in Moorgate, London and is part of the OzForex group.
The company services migrants transferring financial assets, individuals investing overseas and expatriates repatriating funds as well as small and medium-sized businesses that import and export goods.
The website provides historical charts, information on how to manage exchange rate exposure and real-time exchange rates for dozens of currencies.
Contents |
OzForex was launched as a foreign exchange information only site in Sydney, Australia in 1998. In April 2001, the online dealing facility was launched.[1]
August 2005, UKForex was launched from its original office in Blackfriars, London. The opening of the London office saw the launch of the groups’ 24 hour global trading platform, allowing access to live exchange rates and online money transfers 24 hours a day.
In June 2007 Macquarie purchased 51% of OzForex, new CEO Neil Helm joins from Macquarie.[2][3][4]
In July 2007, CanadianForex was launched in Toronto, Canada to focus on North American markets and to help facilitate the groups’ 24 hour system.
September 2008, UKForex moves to its current location in Moorgate, London as both turnover and the number of employees grow.
In 2009 the group completes over 200,000 funds transfers per year with a turnover of close to US$5 billion.
In November 2010, the group receives minority growth investment from Accel Partners and The Carlyle Group. Representatives from both Accel Partners and Carlyle will serve on the OzForex Board of Directors. The company's founders and Macquarie Private Wealth, which is part of Macquarie Group, are together retaining significant ownership of OzForex, and Neil Helm will continue as CEO.[5]
2005 – Business Review Weekly, BRW Fast 100 Awards [6]
2005 – Deloitte Technology Fast 50 Awards[7]
2006 - Finalist Invest UK Trade and Investment International Business Awards[8]
2008 - OzForex founder Matt Gilmour wins Ernst & Young Entrepreneur of the Year, in the Technology and Emerging Industries category[9]
2009 – Deloitte Fast 500 Technology Asia Pacific Awards and Deloitte Technology Fast 50 Awards[10]
2010 – Deloitte Technology Fast 50 Awards[11]
UKForex Limited is a wholly owned subsidiary of OzForex, which is subjected to risk and compliance audits on an annual basis. In the United Kingdom under the Money Laundering Regulations 2003, commercial foreign exchange companies are treated as "Money Service Businesses" which are covered by regulations administered by HM Revenue & Customs.
UKForex Limited holds a certificate of registration for Money Laundering Regulation (MLR). Registration number: 12219180.[12]