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April 25, 2017

Blackwell Global Secures Two Licenses from Hong Kong SFC

This article can originally be found here

 

Blackwell Global, an FCA-regulated forex and CFDs brokerage, has further extended its global product reach. The company has secured two additional regulatory licenses from the Hong Kong Securities and Futures Commission (SFC), according to a corporate statement.

The company has successfully acquired Type 1 and Type 2 regulatory licenses from the Hong Kong Securities and Futures Commission (SFC). Currently, there are 10 types of regulated activities under the Securities and Futures Ordinance (SFO) law in Hong Kong.

With the addition of these licenses permitting Blackwell to deal in both securities and futures contracts, the firm will expand its business to include a full-service brokerage for private and institutional clients. Global investors can now access both local and international contracts across multiple asset classes – global stocks, options, and futures, while traders in Hong Kong will benefit from a full suite of FX, futures and securities products through Blackwell’s offering.

The Securities and Futures Commission (SFC) is responsible for regulating the securities and futures markets in Hong Kong, including the licensing of intermediaries seeking to conduct regulated activities, such as brokers, investment advisers and fund managers, as well as authorizing investment products

Michael Wu, Director of Blackwell Global, commented: “We have attained the SFC licences during exciting financial times for the Hong Kong investment scene. 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.”