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Audacity Capital joined FIA Asia for industry representation
Dubai, 8 December 2015- Audacity Capital, the Dubai based proprietary trading firm announced today that it became a member of FIA Asia, the leading futures industry association representing the interests of financial market firms in the Asian and Middle East regions.
FIA Asia is part of FIA (Futures Industry Association), thought leader, advocate and educator for centrally cleared derivatives. Its mission, amongst others, is to protect the public interest through adherence to high standards of professional conduct and financial integrity. The world’s largest financial organizations are members of one or more of the FIA bodies. Smaller firms in the proprietary trading sector tend to be reluctant to join as they have no client focus in their business operations and have a strong benefit to only to incur costs if there is a direct business benefit. Audacity chose to join FIA Asia as Audacity believes that a modern proprietary trading firm should not just invest in themselves but also in the market as a whole.
Marco Duquette, Co-founder of Audacity Capital stated: “The financial industry as a whole and proprietary trading in particular operate in a complex and sometimes mysterious environment. We believe that transparency and dialogue are essential in building a better market and restoring faith in the financial industry as a whole. Industry associations play a pivotal role there. We believe that Audacity should be an active part of that dialogue”. Harold Duineveld, MD at Audacity Capital weighed in on the benefits for Audacity: “FIA Asia is a great source of information and network opportunity in addition to their representation activities. This will provide us with strategic insight in market development, essential to our corporate strategy and provide us a platform to interact with industry peers and service providers, enabling us to find more counterparts to trade with and services to choose from.”
ABOUT AUDACITY CAPITAL
Audacity Capital DMCC is a global player in the financial markets. Headquartered in Dubai it operates as a proprietary trading firm using in-house developed software and algorithms. Audacity Capital is a member of FIA Asia (Futures Industry Association) and operates under the DMCC (Dubai Multi Commodities Center) infra- structure, a strategic initiative by the Government of Dubai to provide the physical, market and financial infra-structure to facilitate a commodities market place in Dubai. As a proprietary trading firm it solely uses own capital to take positions in financial products providing liquidity to the financial markets. As an organization, Audacity Capital recognizes that success in financial markets is driven by technological and financial engineering. Audacity therefore employs the smartest engineering minds to build their trading methodology and infra-structure.