Brokers News

Blackwell Global acquires double licenses with Hong Kong’s SFC

Pure STP brokerage Blackwell Global has acquired a double license from Hong Kong’s Security and Futures Commission (SFC) and is now allowed to offer both securities and futures trading services. The Type 1 and Type 2 regulatory licenses enable the brokerage to offer such contracts to both Hong Kong and international investors.

 

With the addition of these SFC licenses, Blackwell Global will expand its business to include a full-service brokerage for private and institutional clients. While traders in Hong Kong will benefit from a full suite of forex, futures and securities products through the broker’s offering, global investors will be able to access both local and international contracts across various asset classes – global stocks, options, and futures. What is more, the brokerage recently launched access to the Shenzhen-Hong Kong Stock-Connect, and it also provides access to the Shenzhen Stock Exchange and the Shanghai-Hong Kong connect scheme.

 

Established in 2010, Blackwell Global is already licensed by one of the most reputable authorities – UK’s FCA and Cyprus’ CySEC. The addition of the new SFC licenses will expand the portfolio of the brand internationally, and the company expects to gain a larger stake in the Hong Kong financial market. Indeed, Hong Kong is a popular international financial center, and Hong Kong Securities and Futures Markets are currently among the most traded markets in the world.

 

“We have attained the SFC licenses during exciting financial times for the Hong Kong investment scene,” commented the brokerage’s director Michael Wu.

 

Hong Kong’s Security and Futures Commission is in charge of the licensing process, supervision of licensed companies and Investigating relevant breaches and misconducts committed by them. It is also empowered to lay down the legal and regulatory framework in which intermediaries should operate.

 

TAGS: Blackwell Global  forex broker  regulation  Hong Kong  SFC  securities  futures  new license 
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