Electronic derivatives trading service OTCX will expand its derivatives trading services for Australian markets after being granted a market licence exemption.
The company announced yesterday that it would broaden its service offering to include both OTC equity and interest rate derivatives.
The licence exemption, which was granted by ASIC in October 2016, “enables regulatory monitoring of the OTCX platform” and requires the company to make regular reports to the corporate regulator.
OTCX Asia-Pacific managing director Dan Birch said working with ASIC had been “hugely positive” for the company.
“The expertise, direction and responsiveness of the team in the Innovation Hub was very helpful as we looked to establish a permanent position in the Australian market,” he said.
“We look forward to continue our growth and work closely with ASIC in the future.”
Read more:
Super stress testing needs ‘further enhancements’
UK regulator urged to increase scrutiny of robo-advice
CBA and NAB enter enforceable undertakings
Asset managers updating hiring practices: PwC
NAB has told the fintech industry that it will partner with companies that do what the big bank cannot do, in whatever capacity that may be....
Refinitiv has partnered with PhillipCapital Australia to offer trading of Australian and international exchange traded instruments via the E...
Fintech and innovation leaders have come out against the government’s 2019 budget saying that there was not enough in it to support innov...
