LIMASSOL, Cyprus, May 10, 2010 /PRNewswire via COMTEX/ -- On the 27th and 28th of April 2010, members of the Cyprus Securities and Exchange Commission (CySEC) participated in an in-depth 2-day Training Programme provided by the leading EU financial services advisory provider, MAP S.Platis, with focus on the online currency trading market.
According to Dr. Stelios Platis, Managing Director of MAP S.Platis, the forex market has become very key to Cyprus, recently. "In the last two years, Cyprus has seen many important forex players establish a presence on the island, seeking to become licensed under the EU regulatory framework. This has led to Cyprus being at the forefront of this booming market. However, there are many challenges around the regulation and procedures in this sector, not only in Europe but on an international level. Therefore CySEC officials who are responsible on a daily basis for approval, licensing and regulatory supervision of these brokers in Cyprus must have the best possible, as well as continuous, training in order to carry out their duties effectively," says Platis.
MAP S.Platis is a unique and specialised EU financial services advisory firm, offering consulting services, executive training and research in the financial services sector, with an impressive client list, throughout Europe. Its consultants are highly specialised, academically qualified individuals with extensive experience both in Cyprus and abroad. MAP S.Platis has played a leading and crucial role in shaping the internal procedures for the majority of Cyprus Investment Firms. It provides advisory services during the acquisition of licenses, as well as the actual setting up of these firms. This has given MAP S.Platis teams the chance to accumulate substantial practical experience in regulatory requirements. It is precisely for this reason that the local regulators regularly seek the advice and training of MAP S.Platis.
During the Training Programme, Dr. Platis provided an overview of the forex market mechanics, within the EU regulatory framework. Mr. Andreas Theodosiou, Senior Consultant with MAP S.Platis, provided further insight on trading positions as well as known trading strategies. Mr. Alexandros Constantinou, a Consultant with MAP S.Platis, presented various electronic trading platforms, as well as the necessary internal controls for the trading of forex instruments.
The Chairman of CySEC, Mr. Georgios Charalambous, expressed satisfaction at the high level delivery as well as the depth and sophistication of the MAP S.Platis Training Programme.
About MAP S.Platis: MAP S.Platis is a specialised and comprehensive EU Financial Services consultancy firm located in Cyprus, offering consulting services, executive training and research to the European financial services sector, with an impressive client list, throughout Europe. In Cyprus, MAP S.Platis have registered, assisted and consulted the registration of over 60% of all Investment Firms registered under MiFID, to-date. For further information about MAP S.Platis, visit http://www.mapsplatis.com, email email@example.com or call +357-2535-1335.
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Cyprus INDUSTRY KEYWORD: FIN