It is with mixed emotions, FXDD is announcing a change in leadership. Our esteemed founder, Emil Assentato, who has guided the FXDD group of companies with excellence for over two decades, will be reducing his role within select FXDD Group entities. This includes the transfer of ownership of FXDD Trading SAC to new proprietors, the 888 Markets group (Co. 13397886), a consortium of UK-based companies dedicated to continuing FXDD's success.
The transition period has commenced under the purview of the purchasing entity, slated to conclude within a few weeks. We expect business operations to continue with the same level of smoothness experienced over the past several years.
This transition will be conducted meticulously, aligning with the stringent financial governance rules and AML processes upheld by the acquiring company.
Throughout this transition, we appreciate your understanding and patience as we consolidate accounts and operations to expedite the resumption of redemptions and trading activities.
We want to emphasize your significance as valued partners in our business. By the end of the transition period, every client redemption and partner payment will be duly processed and cleared, honoring our commitment to integrity and reliability, as upheld by FXDD. With this transition, anticipate the introduction of new products, enhancements, and further developments, alongside existing offerings.
We extend our heartfelt gratitude for your understanding and cooperation, anticipating a fruitful continuation of our partnership.
FXDD Trading