SEARCH
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
AMP Australia has rolled out several pricing changes to its platforms in a bid to offer a more attractive offer than its local competitors....
AMP chief executive Francesco De Ferrari used his final AGM to reveal more details about the wealth giant’s plan to take back the financia...
The investment software provider has raised its forecast profit range for the full year by $14 million, on the back of wrapped up acquisitio...
Get notifications in real-time for staying up to date with content that matters to you.
Read More
