CFH Launches ASIC-Regulated Brand in Australia

by Aziz Abdel-Qader
  • CFH will be offering its infrastructure, liquidity and clearing facilities via proprietary technology to institutional clients.
CFH Launches ASIC-Regulated Brand in Australia
Reuters

CFH is expanding footprint in the Asia-Pacific region with the launch of its brand in Sydney Australia, which will be locally regulated through its parent Tradetech Group. The move comes as the Australian financial watchdog has kicked off its largest swipe against the sale of risky investments to retail investors, though industry players are claiming that they already operate in compliance with most of these restrictions.

CFH will be offering its infrastructure, Liquidity and clearing facilities via proprietary technology to institutional clients, ranging from retail FX brokers to banks and fund managers. It secures access to a choice of platforms and a range of relevant solutions, including liquidity, Risk Management , and reporting tools. This liquidity can be integrated using APIs into multiple trading venues and third-party platforms.

Overall, the move is expected to be an important growth driver for TradeTech Group’s liquidity provider, which aims to complement its existing product suite and attract new players to the market.

CFH’s liquidity and prime brokerage services are spanning its whole product range including 7 asset classes and over 800 instruments, all of which can be traded through one margin account.

As part of its expansion in the Asian FX markets, CFH has went live in Singapore through a MAS regulated office in March. CFH Singapore also joined Equinix’s Singapore SG1 data center, which enables the institutional broker to provide localized liquidity and execution services from a Singapore base.

An expanded foothold in the APAC region

The move expands the availability of its product suite under the MAS authorization, which allows the trading technology firm to offer OTC derivatives contracts and leverage products in line with local regulations.

CFH has originally announced plans to open a regional office in Singapore in 2018, marking the company’s third in Asia, after Hong Kong and Japan. At the time, Alex MacKinnon has joined CFH in Singapore to head up the firm’s newly-opened office in the city-state.

On the Australian front, CFH arrival comes at a time when the corporate regulator ASIC has been preparing to flex its new regulatory muscles after a recent review found in 2018 alone 80 percent of binary traders and 72 percent of clients who traded CFDs, lost money.

Commenting on the news, Alex MacKinnon, CEO of CFH Singapore said: “With the changes in Australian regulations, the strongest market players will be setting the tone in the areas of a transparent business model offering competitive products and services in an ethical and transparent environment, crucial for growing financial market for leverage products to wholesale investors in Australia. CFH manages its operations in an unparalleled fashion, leaving no room for a compromise to its regulatory obligations, Company’s vision, values and culture, redefining conduct in FX markets.”

CFH is expanding footprint in the Asia-Pacific region with the launch of its brand in Sydney Australia, which will be locally regulated through its parent Tradetech Group. The move comes as the Australian financial watchdog has kicked off its largest swipe against the sale of risky investments to retail investors, though industry players are claiming that they already operate in compliance with most of these restrictions.

CFH will be offering its infrastructure, Liquidity and clearing facilities via proprietary technology to institutional clients, ranging from retail FX brokers to banks and fund managers. It secures access to a choice of platforms and a range of relevant solutions, including liquidity, Risk Management , and reporting tools. This liquidity can be integrated using APIs into multiple trading venues and third-party platforms.

Overall, the move is expected to be an important growth driver for TradeTech Group’s liquidity provider, which aims to complement its existing product suite and attract new players to the market.

CFH’s liquidity and prime brokerage services are spanning its whole product range including 7 asset classes and over 800 instruments, all of which can be traded through one margin account.

As part of its expansion in the Asian FX markets, CFH has went live in Singapore through a MAS regulated office in March. CFH Singapore also joined Equinix’s Singapore SG1 data center, which enables the institutional broker to provide localized liquidity and execution services from a Singapore base.

An expanded foothold in the APAC region

The move expands the availability of its product suite under the MAS authorization, which allows the trading technology firm to offer OTC derivatives contracts and leverage products in line with local regulations.

CFH has originally announced plans to open a regional office in Singapore in 2018, marking the company’s third in Asia, after Hong Kong and Japan. At the time, Alex MacKinnon has joined CFH in Singapore to head up the firm’s newly-opened office in the city-state.

On the Australian front, CFH arrival comes at a time when the corporate regulator ASIC has been preparing to flex its new regulatory muscles after a recent review found in 2018 alone 80 percent of binary traders and 72 percent of clients who traded CFDs, lost money.

Commenting on the news, Alex MacKinnon, CEO of CFH Singapore said: “With the changes in Australian regulations, the strongest market players will be setting the tone in the areas of a transparent business model offering competitive products and services in an ethical and transparent environment, crucial for growing financial market for leverage products to wholesale investors in Australia. CFH manages its operations in an unparalleled fashion, leaving no room for a compromise to its regulatory obligations, Company’s vision, values and culture, redefining conduct in FX markets.”

About the Author: Aziz Abdel-Qader
Aziz Abdel-Qader
  • 4985 Articles
  • 31 Followers
About the Author: Aziz Abdel-Qader
  • 4985 Articles
  • 31 Followers

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