Regulation

The financial strength of the group is integral to Monex’s past and continued success in the future.

Regulatory Status

Monex Europe Markets S.V., S.A.U. («MEMSV») is authorised and regulated by the Comisión Nacional del Mercado de Valores (CNMV) with regulatory licence number 321. MEMSV offers foreign exchange derivatives trading on an execution-only basis, including FX Forward Contracts and Options for eligible counterparties and professional clients. What we do with your money

As an investment firm regulated by the CNMV, MEMSV participates in the Fondo de Garantía de Inversiones (FOGAIN), the Spanish Investors Compensation Scheme. This scheme provides coverage up to certain limits to protect clients in the event of MEMSV’s insolvency. Clients are advised to seek further information about the scope and limits of the FOGAIN. For specific advice or information regarding the FOGAIN scheme, clients can:

  • Visit the official FOGAIN website.
  • Contact FOGAIN directly via their provided contact details.
  • Consult with their legal or financial advisor.
  • Reach out to MEMSV’s Regulatory Compliance team at regulatorycompliance.memsv@monexeurope.eu

What we do with your money

At MEMSV, we prioritise the security and integrity of our clients’ assets through stringent adherence to regulatory standards. Under the European Market Infrastructure Regulation (EMIR), and its Spanish transpositions, we have implemented robust practices to manage bilateral margin for our OTC derivative trades and funds segregation when regulation applies.

Regulatory compliance and best practices

Compliance with EMIR and its Spanish transpositions demonstrates our commitment to EU and Spanish regulatory standards and industry best practices. By adhering to these regulations, MEMSV not only mitigates risks but also enhances its reputation as a reliable and compliant financial institution. This dedication to regulatory compliance attracts clients who seek a secure and regulated environment for their trading activities, reinforcing our position as a trusted partner in the financial market.

Operational infrastructure

To manage collateral exchange and segregation efficiently when applicable, MEMSV has established and maintains robust operational processes and systems via significant investment in technology and processes ensuring operational efficiency and accuracy in collateral management. Our adherence to regulatory standards ultimately benefits both MEMSV and our clients by providing a secure, transparent, and reliable trading environment.

For more information or specific queries, please contact MEMSV’s Regulatory Compliance team at regulatorycompliance.memsv@monexeurope.eu

Settlement

MEMSV provides clients with a secure trading environment to transact foreign exchange business. Our clients are provided with a highly secure system for communicating payment instructions and other sensitive data globally, while all outgoing payments and FX transactions made can be traced up to delivery.

  • Funds received are settled into accounts held with Barclays Bank in Frankfurt France, Spain and London; BBVA in Spain and Banco Monex.
  • Corporate member of SWIFT – MOEKESMM’. This is MEMSV’s SWIFT BIC.

For more information, please contact our Settlements team on:

E: settlements.memsv@monexeurope.eu   T: +34 919 030 446