ADS teams with Pioneer to build presence in London

London skyline

ADS Securities has entered into a strategic alliance with UK brokerage Pioneer Trader to launch a London-based foreign exchange service.

Based in Abu Dhabi, ADS was established in March 2011 with an initial capital injection of $400 million from a group of private investors. It offers trading in FX, bullion and commodities, and is largely known as a Middle East specialist.

Keith Tebbutt, previously a senior sales executive at ADS and now head of institutional sales at Pioneer in London, says the

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