The broker has also sponsored the Australian Open and the Sydney Swans AFL team. Raul Aguirre, CEO of Bahia SAF, commented: We are thrilled about for our new partnership with Axi. With over 15 years of expertise as a Forex and CFD broker, Axi has proven itself a proven track record across for its innovation…
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The regulator noted that the company has taken steps to address and remedy these breaches. The official announcement stated: AxiCorp has since demonstrated to the FMA that it has taken adequate steps to address the material breaches and that it has adequate systems, processes and resources in place to ensure compliance with the FMC Act…
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AxiCorp’s licence also requires the company to provide ASIC with attestation from a senior executive within the firm. They must confirm that they are satisfied that AxiCorp has undertaken all necessary remedial actions and that it has in place adequate compliance measures to ensure that it and its representatives comply with financial services laws. If…
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Daniel Beale, Head of Institutional Sales and Trading at AxiCorp stated: AxiCorp is extremely pleased to have participated in the first live trades on TrueFX. The transparent and highly efficient model employed by the platform is an exciting development for the markets and we look forward to continuing our participation over the coming months. Richard…
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TrueFX, spot trading facility delivered by Integral, announced today the launch of Clearing Member network. Axicorp, FXCM, Velocity Trade and TrueFX have formed a partnership to support customer access to the ecosystem. The collaboration allows clients to clear through Jefferies FXPB, TrueFX’s central credit counterparty, or open an account with a TrueFX Clearing Member and…
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Australia-based FX and CFD trading provider AxiCorp has earlier this week announced that it will acquire the UK-headquartered trading technology firm Star Financial System. The cash-based deal will include Star’s technology, staff, operations and licenses, but it does not necessarily represent a signal for radical change. AxiCorp’s CEO Rajes Yohannan noted in a statement that…
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LeapRate Exclusive... LeapRate has learned that Australia based Retail Forex group AxiCorp has hired experienced FX industry executive Hannah Hill in London, as the company's new Head of Brand and EMEA Marketing. AxiCorp runs the AxiTrader retail FX brand. The move to hire Ms. Hill comes just several weeks after AxiCorp expanded its presence in London…
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The usually slow summer months of forex industry news were certainly spiced up this past week, with Mergers & Acquisitions headlining the parade. How much did Swissquote pay for online 'expat' broker Internaxx? Why did AxiCorp buy FCA regulated One Financial? There was also more with LeapRate exclusively reporting on a number of executive moves,…
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Consolidation in the Retail FX space continues. Australian-owned Retail Forex and CFDs brokerage group AxiCorp, which primarily operates the AxiTrader brand, has announced that it will acquire FCA regulated C B Financial Services Ltd, which operates the One Financial Markets (OFM) brand. The deal is predominantly cash-based and will be subject to customary regulatory approvals.…
Read moreAustralia based Retail FX brokerage group AxiCorp, which operates the AxiTrader brand, has announced a management shakeup which has seen the company hire Patrick Salis as the company's new Chief Financial Officer, replacing longtime CFO Simon Hodgkiss. Mr. Hodgkiss will remain at AxiTrader, taking on the newly created regulatory-focused role of Chief Risk Officer (CRO). Patrick…
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