Extensa Financial Services and ACOMEX Announce Partnership

Top Quote Top Self Directed IRA Firm And Leading Energy Futures Broker Pair Up To Provide Investors With Alternatives. End Quote
  • (1888PressRelease) November 11, 2010 - Amsterdam - Extensa Financial Services (http://extensafin.com), one of Amsterdam's leading futures and commodities brokerage company, announced today that they have reached an arrangement with Amsterdam Commodities Exchange (http://acomex.nl), private commodities exchange. Under their arrangement, Extensa Financial Services will provide exclusive self-directed IRA custodian services for ACOMEX's client investment accounts, described by Damian van der Boor, CEO of ACOMEX as a "win-win situation for our clients".

    For Extensa Financial Services, this partnership represents an extension of the firm's IRA custodial and escrow services to the energy markets, a move likely to be adopted by an increasing number of firms in the financial services sector.

    "Consumers are becoming interested in investment vehicles which are less vulnerable to the ups and downs of the stock market. We're seeing a lot of new IRA accounts at Extensa Financial Services from clients who want to purchase energy futures inside their IRA portfolios. Until 2008 it was primarily real estate, but now we're starting to see an increase in the number of other financial instruments backed accounts," said Frank Joosten, Head of the Futures department.

    With a growing concern among the public about the possibility of inflationary pressures driving down the value of their IRA accounts and other investments, the number of consumers choosing to invest in energy futures has been steadily increasing over the past few years, with brokers like ACOMEX gaining market share in the financial services sector rapidly.

    About Extensa Financial Services
    Founded in 1995, Extensa Financial Services existed to provide quality services in all futures and commodities markets. Our company's principal business is to act as a third party - broker in the futures, options and commodity markets on behalf of private clients, corporate businesses, institutions and investment banks both within Europe and in some other offshore markets.

    About ACOMEX
    Formed by independent oil and gas traders in the BeNeLux in 2002 and with trading facilities in Amsterdam added in 2005, The ACOMEX was developed as a private commodities exchange to facilitate Real Time Trading throughout Europe.

    Allowing traders to receive current market prices without having to pay the exorbitant spreads, and fees, of Globex pricing charged by the CME and the EURONEX during their after-hours trading.

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