One Financial Markets, a provider of multi asset trading services, has achieved a new regulatory status in Hong Kong, following its approval by the country’s Securities and Futures Commission (SFC) to establish a new office in the city, according to a company statement.
The approval by the SFC is a huge boost for the broker, which lets it tap into one of the fastest growing markets in the Asia-Pacific (APAC) region. Hong Kong represents a hub in Asia that will be instrumental in allowing One Financial Markets to grow its market share – the strategic location of the Hong Kong office will ensure that the broker can service clients based in China and the South-East Asia region.
Presently, One Financial Markets is authorized and regulated by other global regulators, including the UK’s Financial Conduct Authority (FCA) and Financial Services Board (FSB) in South Africa. With FX products and contracts-for-difference (CFDs) trading on the rise in the APAC region, SFC regulatory approval will help the broker meet a mounting demand for such products.
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According to Ashley Clarke, CEO of One Financial Markets, in a recent statement on the growth: “We are especially delighted to receive our authorisation and approvals from one of the most highly respected regulatory bodies, the Securities and Futures Commission of Hong Kong.”
“One of our founding aspirations as a business in January 2007 was to protect the integrity and reputation of our company such that our clients could have the highest confidence in the One Financial brand. We seek to achieve this by ensuring a strong compliance culture is embedded into all our operations and respected by all our staff,” Clark added.
“Our new Hong Kong office will enable us to respond promptly and professionally with dedicated support and service provided within the Asia-focused time zone. We are confident that our team will continue to raise the strong profile that One Financial Markets enjoys and will play an important role in our company’s global expansion plans,” reiterated Brian Tsui, Head of One Financial Markets Asia, in an accompanying statement.