ATFX acquires ASIC-regulated Rakuten Securities Australia Pty Ltd

Rick Steves

ATFX will continue to be well-regulated by prestigious regulatory bodies including the FCA in the UK, CySEC in Cyprus, SCA in UAE, FSA in Mauritius, and now ASIC in Australia.

ATFX has announced the acquisition of Rakuten Securities Australia Pty Ltd, the ASIC-regulated subsidiary of Rakuten Securities, Inc., to further strengthen its position in the Australian market and expand its global footprint.

The renowned CFD broker, which already has a strong presence in Europe, Asia, and the Middle East, is now putting its chips in Australia.

Prioritizing customer satisfaction, innovative technology, and strict regulatory compliance, ATFX will gain gains access to a well-established customer base and a talented team of industry professionals through the acquisition of Rakuten.

“Significant opportunity for us to expand our presence in the Australian market”

Joe Li, Chairman of ATFX, commented: “We are thrilled to welcome RSA into the ATFX family. This acquisition presents a significant opportunity for us to expand our presence in the Australian market and provide clients in the region with enhanced trading solutions. We are committed to investing in technology, talent, and resources to ensure that our clients receive the highest level of service.”

ATFX stated it remains committed to delivering a seamless trading experience, robust platforms, and a wide range of trading instruments, including forex, indices, and commodities. In addition, clients gain access to a wealth of educational resources, advanced trading tools, and comprehensive market analysis.

Rakuten’s clients will benefit from the transition as they gain access to ATFX’s broader product offering and robust trading infrastructure. ATFX’s comprehensive range of trading services, coupled with its client-centric approach, will provide a seamless trading experience for both new and existing clients.

ATFX will continue to be well-regulated by prestigious regulatory bodies including the FCA in the UK, CySEC in Cyprus, SCA in UAE, FSA in Mauritius, and now ASIC in Australia.

ATFX Connect adopts FX Code to enhance wholesale FX market

The news coming from Australia follows yesterday’s announcement that ATFX Connect, the broker’s UK FCA-regulated institutional arm, has signed a statement of commitment to the Global FX Code of Conduct.

By adopting the FX code, the institutional arm of ATFX Group, formally joined the Code’s standards to promote integrity, fairness, transparency, and the effective functioning of the global foreign exchange markets.

The FX Global Code of Conduct sets out principles of good practice in the wholesale foreign exchange market. The purpose of the Code is to promote a robust, fair, liquid, open, and appropriately transparent market in which a diverse set of Market Participants, supported by resilient infrastructure, can confidently and effectively transact at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behavior.

The Code of Conduct has been adopted by several central banks, including the Bank of England, as well as other major players in the FX markets such as the banks, buy-side market participants, and non-bank liquidity providers.

Developed by a partnership between central banks and Market Participants from 20 jurisdictions around the globe, the FX Global Code provides a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market.

With the focus on the professional Investor, the ATFX Connect platform is designed to provide an efficient automated trading venue that delivers tailored T1 bank and non-bank liquidity solutions to Hedge Funds, Asset Managers, Brokers, Private Banks, and other financial institutions.

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