Hong Kong-China Stock Connect a Boost to the Multi-Asset Brokerage
28 December 2016
International forex and CFDs brokerage Blackwell Global announces today the acquisition of 2 new licences issued by the Security and Futures Commission (SFC; Securities Licence No. BGX296 and Futures Licence No. BGX460.) in Hong Kong, permitting the brokerage to offer securities and futures contracts to both Hong Kong and international investors.
Following the licence approvals, investors can access both local and international contracts across multiple asset classes – global stocks, options, and futures, with its competitive pricing and no minimum deposit. Committed to continually enrich its product and technological offerings, this new addition will expand the portfolio of the Blackwell Global brand internationally, and see the company gain a larger stake in the Hong Kong financial market, with the Hong Kong Securities and Futures Markets being one of the most traded markets in the world.
“We have attained the SFC licences during exciting financial times for the Hong Kong investment scene.” said director Michael Wu, when asked about the significance of this event. Due to the Shenzhen-Hong Kong Stock-Connect launched early this month, Blackwell Global is also able to offer investors access to the world’s eighth-largest stock market – the Shenzhen Stock Exchange, with its capitalisation of $3.29 trillion, as listed by the World Federation of Exchanges. This is in addition to the Shanghai-Hong Kong connect scheme launched two years ago.
The SFC authorisation involves the review of documentation and of various security measures that a company has, to see if certain necessary requirements are met. Companies regulated by the SFC will also have to adhere to the duties and responsibilities that are highlighted under the Code of Conduct.
With these regulatory measures in place, clients can be assured that their trades will be conducted safely and securely. Blackwell Global will continue to build trust, integrity, competency and innovation in the trading industry.