World First


World First

World First UK Limited is a UK-based foreign exchange company. It is headquartered in Battersea, London and has offices in New Zealand and North America. It offers currency exchange and international payments to private clients and corporate clients. It was shortlisted for "Service Business of the Year in the Fast Growth Business Awards. [http://www.fgba.co.uk/2008finalists/World_First.htm FGBA Website]

It provides a free exchange rate currency converter on its website: [http://www.worldfirst.com World First's website]

It is currently the 5th largest currency broker [All data taken from the UK's Companies House website on the 13th May 2008. Measured by pre-tax profit as turnover is not available for all companies.] in the UK. Its turnover in 2007 was over $1 billion.

UK Foreign Exchange Brokers (largest 10):

In April 2008, World First (through its subsidiary World First Markets Ltd) became the first UK currency broker to offer options (finance) and derivative (finance) hedging structures. These risk-reducing structures allow clients to protect themselves against exchange rates worsening while benefiting if the rate improves.

Sir David Clementi is a shareholder and senior advisor.

References


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