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      ATFX makes strategic move into Australia with acquisition of Rakuten Securities Australia

      Published: just now

      ATFX makes strategic move into Australia with acquisition of Rakuten Securities Australia

      July 05, 2023 - Global CFDs broker ATFX  has broadened its global reach with the acquisition of Rakuten Securities Australia Pty Ltd ("RSA"). This move reinforces ATFX's position in the Australian market while simultaneously expanding its worldwide presence.

      Japanese online broker and e-commerce group Rakuten, which has been providing FX services since 2013, entered the Australian market in 2016 with the acquisition of FX broker FXAsia Pty Ltd. 

      This acquisition by ATFX is seen as a strategic step by ATFX in bolstering its position as a globally recognised and trusted online broker offering innovative trading solutions. Gaining RSA, ATFX acquires a well-established customer base and a team of skilled industry professionals.

      Joe Li, Chairman of ATFX, shared his views about the acquisition, "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."

      Clients of RSA stand to gain from this transition as they will have access to ATFX's extensive product offering and robust trading infrastructure. ATFX's comprehensive range of trading services combined with its client-centric approach is expected to offer a seamless trading experience for both new and existing clients.

      As ATFX extends its global operations, the company maintains its commitment to adhering to the highest regulatory standards. It will continue to be strictly regulated by prestigious bodies including the FCA in the UK, CySEC in Cyprus, SCA in the UAE, FSA in Mauritius, and now ASIC in Australia. The acquisition of RSA will be carried out in full compliance with all relevant regulatory requirements to ensure a smooth transition for clients and stakeholders. 

      Recently ATFX expanded into Iraq with its partnership with Ashur Bank. Earlier this week ATFX Connect, the institutional arm of ATFX, announced its commitment to the Global FX Code of Conduct, joining the Code’s standards to promote integrity, fairness, transparency and the effective functioning of the global foreign exchange markets 

      ATFX Connect is a trading name of AT Global Markets (UK) Limited (authorised and regulated by the FCA), and AT Global Markets (Australia) Pty Limited (authorised and regulated by ASIC). Connect is the Institutional arm of the wider ATFX Group. Connect offers Institutional and Professional traders an extensive range of services for both Agency PB and Margin accounts. ATFX Connect provides bespoke aggregated liquidity in Spot FX, NDFs, indices, Commodities and Precious metals to a wide range of institutional clients from hedge funds, Tier 1 and regional banks, high net worth investors, asset managers, family offices and other brokers. ATFX Connect's liquidity pool is constructed from Tier 1 banks and non-bank providers that it has partnered with, trading in both sweepable and full amount forms. Agency PB Clients can connect via direct FIX API, external technology solutions or via our own trading platform. For margin clients, ATFX Connect provides market access via the group's MT4/MT5 platform and provides a bridge solution for those who wish to connect via FIX API.

      This content may have been written by a third party. LiquidityFinder makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
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