Monex Europe

Monex Europe
Private company
Industry Financial Services
Founded November 30,  2006 (2006-Nov-30)
Headquarters Moorgate, London, UK
Key people
 Shelton Fray (co-founder),
Nick Edgeley (co-founder),
Will Tracey (co-founder),
Neil Burns (director),
Hector Lagos (Chairman, Monex Group),
Mauricio Naranjo (Director, Monex Group)
Magda Gonzalez (Director)
Products Foreign exchange
Parent Holding Monex
Website www.monexeurope.com

Monex Europe is a UK-based foreign exchange company providing currency exchange and international payments, it is the European subsidiary of Mexican financial company Holding Monex. 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.

In October 2010 it was named as a finalist for the National Business Awards Private Company of the Year award.[1]

In March 2011, Schneider Foreign Exchange was granted authorisation by the Financial Conduct Authority 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.[2] Monex Europe is authorised by the FCA under the registration number 463951.[3]

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.[4]

Operations and Financials

Monex Europe's headquarters are in Bank, 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

  1. ↑ "The National Business Awards". nationalbusinesssawards.co.uk. 2010.
  2. ↑ "Holding Monex SAPIB de CV Acquires 100% Stake in Schneider Foreign Exchange Limited". reuters.com. 2012.
  3. ↑ "Monex Europe Limited". Financial Conduct Authority. 2011.
  4. ↑ "Monex Europe Markets Limited". Financial Conduct Authority. 2014.
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