Refinitiv Comes to Australia’s Aid, Pledges 100% of Brokerage Fees

The company will donate three trading days worth of fees made on global AUD turnover.

With Australia still suffering from its worst bushfire season on record, Refinitiv announced this Tuesday that it would be contributing to the cause by supporting a range of Australian charities.

Specifically, the company will donate 100 percent of brokerage fees made from global Australian dollar (AUD) turnover for three trading days, starting from 9 am on Tuesday, the 4th of February until 9 am on Friday the 7th of February Australian Eastern Standard Time.

Discover iFX EXPO Asia 2020 in Macao – The Largest Financial B2B Expo

This turnover on which the brokerage fees are generated from includes spot, forwards, swaps, and options traded on Refinitiv platforms – Matching and FXALL – and is for all AUD currency pairs, the statement said.

The money will be donated to Australian charities in order to support the volunteer firefighters and communities impacted by the recent bushfires, as well as the rehabilitation of injured wildlife.

Suggested articles

$100,000 Battle: PrimeXBT Debuts New Contests ModuleGo to article >>

Daryl Sisson of Refinitiv
Daryl Sisson, Refinitiv Managing Director, Pacific
Source: LinkedIn

Commenting on the announcement, Refinitiv Managing Director, Pacific, Daryl Sisson, said in the statement: “Australia is experiencing its worst ever bushfire season. This situation is serious, and I am grateful that Refinitiv, a global organisation, is fully supportive of local bushfire support efforts. I would encourage all of the FX community to get behind this initiative to ensure we can maximise relief efforts.”

Refinitiv to match employee donations

In addition to donating the brokerage fees, Refinitiv’s employee-led Pacific Sustainable Action team will be holding local fundraising events in the coming weeks. The market data provider is also matching all employee donations (up to $1,000) and is fundraising globally through its TicketAid solution.

Deborah Walton of Refinitiv
Deborah Walton, Chief Revenue Officer at Refinitiv
Source: LinkedIn

“As an Aussie based in New York, my heart continues to break as I watch the devastating scenes in the aftermath of the raging bushfires across most Australian states,” added Refinitiv, Chief Revenue Officer, Deborah Walton.

“I am pleased to see our united, multi-faceted response from all parts of our business in response to this crisis, and I am extremely proud of Refinitiv’s commitment to support the communities in which we operate around the world.”

FX brokers support Australia

Refinitiv is not alone in its efforts to support Australia. As Finance Magnates reported, numerous companies in the FX space have been rallying behind the country, such as Pepperstone, Invast Global and BDSwiss.

Got a news tip? Let Us Know