DEHLI, India--(BUSINESS WIRE)--The Crown Credit Group, a leading consortium of firms is looking to extend its foothold in the international financial markets.
The Company, which already owns a London based FCA regulated FX and CFD broker, believes the current problems in the sector, caused by last’s week’s SNB's unexpected policy reversal of capping the Swiss franc against the euro by SNB has created a good opportunity for the Indian business to further expand in the sector.
The Group held an emergency board meeting last week to assess the situation.
Following the meeting, the Group’s founder and chairman, Jagjeet Singh, said: “Our ongoing developments as a broker have given us the confidence to look at the opportunities created by the current market conditions and it may be a good time for us to further invest in the financial derivatives sector.
“Unfortunately for firms that have over-reached their leverage it has returned to haunt then, we have always offered a product that is within our means. Crown’s FX broker offers the industry standard of 1 per cent margin on major instruments.
“As a result of our managed approach, our London based FX was able to weather the Swiss storm with little impact and our financial situation and risk protocols meant we were able to support them in this difficult event.”
Mr Jagjeet Singh is an entrepreneur with 20 years of experience overseeing high scale businesses across a number of diverse industries in Europe and Asia; including financial services, real-estate, healthcare, semi-banking and investment management. His expertise and in-depth knowledge is core to all of the group’s ongoing strategy and business operations.
Originally from Amritsar in India, Mr Singh has been a pioneer in providing advanced technological solutions to global investors. Apart from trading solutions, Mr Singh has launched a number of financial programmes that empower investors and equip them with the right tools and resources to make informed investment decisions.
The Crown Credit Group has not specified its target market however it is liaising with providers that are regulated in Africa and Latin America.