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Screenshot of a breaking news alert e-mail from Q2 2017
A leveraged foreign exchange products license aiming to establish an Asian foothold
The Hong Kong subsidiary of UK Based Sucden Financial Limited has been granted a license for providing leveraged foreign exchange products by the Securities and Futures Commission (SFC) in Hong Kong. Clients of Sucden Financial (HK) will be granted access to trade FX directly through their brokerage through the set of electronic systems based on STP (Straight Through Processing) FX.
The company has also been acting as an introducing broker to the parent company Sucden Financial Limited to provide access to futures, options and bullion. The company has been active in a broad range of markets – equities, financial and commodity futures and options and foreign exchange. The firm is offering its services mainly to institutional investors and high net worth individuals.
The CEO of the company Michael Overlander has stated that the regulatory approval is firmly establishing the firms commitment to the Hong Kong subsidiary and its continued expansion in Asia.
Attached you will find the full press release by the company.