HollyFX is Now ILQ Australia's Corporate Authorised Representative

ILQ Australia has welcomed Holly FX Australia as its Corporate Authorised Representative, Finance Magnates has learned.

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ILQ Australia is an Australian Securities and Investments Commission (ASIC) registered financial firm with an Australian financial services licence (AFS). It is a B2B solution provider for introducing brokers (IBs), affiliates and white label firms offering 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, payment processing and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term.

HollyFX is a China-focused MT4 broker offering trading on forex, gold and CFDs. According to its website, it cooperates with ILQ LLC on liquidity and remit security deposits to foreign countries, and it provides services in online trading of precious metal.

According to ASIC, an Australian financial services (AFS) licensee may appoint ‘authorised representatives’ to provide specified financial services on its behalf.

James O'Neill, Director at ILQ Australia, commented: "ILQ Australia welcomes our new partners in Holly FX. Holly FX enables clients from a Chinese speaking background, the ability to speak to experts in their own language while also gaining access to ILQ Australia's state of the art technology".

While HollyFX were in Sydney they met with the New South Wales Minister for Innovation and Better Regulation, the Hon. Matt Kean MP, in the Premier's Boardroom. Mr Kean spoke about the importance of Fintech and the financial services industry to the NSW economy and wished the partnership success into the future.

Background

HollyFX is part of the Holly Group, which offers a variety of financial services such as asset management, hedge funds and analyst training. It is the exclusive agent of Synergy Phoenix's hedge funds, serving clients in Mainland China, Hong Kong and Macau. It also strategically cooperates with Swissquote to provide asset management services with special foreign exchange accounts.

Holly Group also boasts of being the sole holder of certificates for foreign exchange investment registered and certified by the Chinese government. These include junior, intermediate and senior certificates.