Michael McCarthy has announced on LinkedIn that he has joined Moomoo AU as its Chief Commercial Officer. McCarthy will lead the company's strategic planning, market growth, and customer engagement efforts across Australia.

New CCO at Moomoo

Moomoo uses artificial intelligence to offer an investing platform for both beginners and experienced traders. It provides real-time data and a range of analytic tools to assist with sharemarket navigation.

“Moomoo’s innovative platform and dedication to customer success resonate with my own commitment to advancing financial literacy and market understanding,” McCarthy said.

“I look forward to working with the talented team at Moomoo to drive growth and deliver exceptional value to our clients in Australia.”

Meanwhile, Moomoo has launched its online brokerage service in Japan as of September 19, 2023, offering access to 7,000 US stocks and ETFs, as reported by Finance Magnates. The platform provides advanced tools like Capital Flow Overview and Institutional Tracker and features 24-hour trading for 301 US stocks and ETFs.

This move aligns with Japan's shift from traditional to digital trading, where electronic FX trading makes up 60% of the market, compared to 76% in other regions. Moomoo debuted in Japan in October 2022.

Experience across Firms

Previously, McCarthy worked as a part-time Trader/Director at Number13Black from August 2022 to June 2024 in Sydney, New South Wales. Before that, he served as Chief Strategy Officer at Tiger Brokers Australia from September 2021 to August 2022, also in Sydney.

McCarthy's earlier role was as Chief Market Strategist at CMC Markets APAC, where he worked from February 2011 to May 2021. In this position, he focused on markets and trading strategy as well as media commentary. Additionally, McCarthy has experience as a Guest Lecturer on trading and markets at Macquarie University.

Biyi Cheng, Head of Moomoo Australia, said McCarthy’s skill in spotting market opportunities will help advance Moomoo’s goal of providing innovative trading solutions to Australian investors.

“McCarthy’s dedication to investor education aligns perfectly with Moomoo’s commitment to empowering traders through knowledge,” Cheng said. “His strategic insights and leadership have consistently delivered exceptional results, making him the ideal choice to helm Moomoo’s local operations.”