Charterprime Selected by Tune Group as Official Brokerage Partner

Charterprime, an international financial services and brokerage group based in Australia and New Zealand, has teamed up with Tune Group, a South East Asian corporation with subsidiary businesses ranging from aviation to mobile money. As a result of the partnership, Charterprime becomes the official partner and sole brokerage for all Tune's financial futures services and is the brokerage through which the group will channel all its CFD, foreign exchange and derivatives trading.

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Official Broker

Charterprime will be engaged as an official brokerage partner for all financial spot and futures products, namely foreign currency as well as commodities such as oil, both to lower costs and to hedge against market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.

Tune Group Founder Tan Sri Tony Fernandes commented: “We believe there is a lot of upside to ancillary income such as FX services, which is the reason why we are tying up with Charterprime. Charterprime is actually in this business and hence we can be very synergistic together.”

This arrangement will significantly increase investors’ and clients’ confidence in Charterprime.

Charterprime is an international financial group specialising in the brokerage of financial products and foreign exchange, delivering tight spreads from its deep Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term pools to facilitate trading of financial products with a low cost, transparent fee.

Charterprime Managing Director Mathew Tate outlined his plans for the second half of the year: “We’ve seen a lot of growth in Asia Pacific, Southeast Asia in general, and we’re looking to maintain that growth rate. This arrangement will significantly increase investors’ and clients’ confidence in Charterprime. Nevertheless, we will not rest on our laurels, and will continue to provide the best level of service and transparency that our clients are accustomed to.”