Through our ten years of experience in which we
have dealt with many companies all around the world, when we dealt
with Windsor our concepts about this kind of business had changed.
It was the only time we find a company that cares about the interest
of the client more than he does, and for the first time we see a
company that gives the price exactly as it is without thinking of
making more profit from the client
21 November 2007: Financial Mirror
(Cyprus) Windsor Cyprus targets new clients from Far East
Offering 24-hour market in FX, commodities, CFDs Windsor
Brokers Ltd., one of Cyprus’ largest privately held financial
services companies offering non-stop market in foreign exchange,
commodities and CFDs is now targeting new clients from the Far East
in addition to its core client base in the Middle East, Gulf and
North Africa.
Hanna (Johny) Abuaitah, Windsor Brokers Managing
Director, told the Financial Mirror in an exclusive interview that plans
are underway for the Group’s expansion into the Far East with emphasis on
mainland China.
Windsor was established in Limassol in 1988
with only three employees and an office space of around 100 sq. metres. In
19 years, it has become a powerhouse employing 65 people and in earlier
this month, Finance Minister Michalis Sarris was the guest of honour at
the inauguration of the company’s new headquarters in
Limassol.
Abuaitah said that initially Windsor relied on
consultants and introducing brokers for business, which was channelled to
counterparts in other countries.
In 2004, when Cyprus became
a full EU member, the supervisory authority was transferred from the
Central Bank of Cyprus to the Cyprus Securities and Exchange Commission
and the firm started operating as a Cypriot Investment Firm, applying
mainly European Directives, while only last year Windsor obtained its EEA
Authorization from the FSA (UK).
“It was not easy as we were
bombarded with tens of new rules and regulations, but this gave us an
opportunity to restructure all our operations including hiring qualified
and specialized staff, invest in advanced IT systems and proceed with a
thorough restructuring of our operational procedures”, said Abuaitah,
adding that the changeover, though costly, brought new business as serious
investors were attracted to Windsor.
At the same time, the
firm invested heavily in the purchase and development of its 24-hour
online dealing system, Windsor Direct, which has been instrumental in
offering a high quality service to clients.
“Our
state-of-the-art online system and our authorization from the CYSEC and
FSA helped us attrack new business from Europe and North America in
addition to our core base in the Middle East, Gulf and North
Africa.
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