Finotec Group, Inc. (OTCBB: FTGI) announced that its trading volume for the month of July 2008 was US$4.9 billion, an 88% increase over its trading volume for July 2007 which was US$2.6 billion.
This increase is attributable primarily to the opening of Finotec's office in the heart of the financial district of London, England in January of this year.
This strategic move was a result of Finotec receiving regulatory approval from the Financial Services Authority (FSA) in the UK to offer cross border investment services in various European countries, from its UK office.
"We are proud to announce that, during the past year, client trading volume has almost doubled," says Didier Essemini, Chairman of the Board and CEO of Finotec Group, Inc. "We are confident that Finotec is well positioned for positive growth and we hope to reach US$10 billion monthly trading volume within the next twelve months." -- www.cnxmarketlink.com
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