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SUCDEN FINANCIAL (HK) GRANTED TYPE 3 (LEVERAGED FOREIGN EXCHANGE) LICENCE BY SFC

Published by Gbaf News

Posted on December 3, 2013

2 min read

· Last updated: November 29, 2018

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Sucden Financial Awarded Type 3 Licence

Sucden Financial (HK) Limited has been granted a Type 3 (leveraged foreign exchange) licence by the Securities and Futures Commission (SFC) in Hong Kong.

Michael Overlander

Michael Overlander

Expanded FX Trading Capabilities for Clients

The new licence enables clients of Sucden Financial (HK) to trade FX directly with its brokerage desk or via one of its electronic trading systems, providing direct access to STP FX, with tight pricing and deep liquidity.

Additional Brokerage and Bullion Services

The firm also acts as an introducing broker to the parent company, Sucden Financial Limited for its futures and options business and trades bullion directly for clients.

Industry Leaders Comment on New Licence

Michael Overlander, CEO of Sucden Financial Limited said, “With a firmly established reputation in the region, the leveraged foreign exchange trading licence demonstrates our commitment to our Hong Kong subsidiary and continued expansion in Asia.”

Raymond Mok, Head of FX and Bullion Development for Sucden Financial (HK) said, “Clients are now able to take advantage of the benefits of trading FX directly on our internationally recognised electronic trading platforms, as well as via our brokerage desk in Hong Kong.”

Sucden Financial (HK) Limited has been granted a Type 3 (leveraged foreign exchange) licence by the Securities and Futures Commission (SFC) in Hong Kong.

Michael Overlander

Michael Overlander

The new licence enables clients of Sucden Financial (HK) to trade FX directly with its brokerage desk or via one of its electronic trading systems, providing direct access to STP FX, with tight pricing and deep liquidity.

The firm also acts as an introducing broker to the parent company, Sucden Financial Limited for its futures and options business and trades bullion directly for clients.

Michael Overlander, CEO of Sucden Financial Limited said, “With a firmly established reputation in the region, the leveraged foreign exchange trading licence demonstrates our commitment to our Hong Kong subsidiary and continued expansion in Asia.”

Raymond Mok, Head of FX and Bullion Development for Sucden Financial (HK) said, “Clients are now able to take advantage of the benefits of trading FX directly on our internationally recognised electronic trading platforms, as well as via our brokerage desk in Hong Kong.”

Key Takeaways

  • Sucden Financial (HK) Limited received Type 3 (leveraged foreign exchange) licence from Hong Kong’s SFC.
  • The licence enables clients to trade FX directly via its brokerage desk or electronic trading systems with STP FX access.
  • Sucden Financial (HK) continues acting as introducing broker for futures and options via its parent, and offers bullion trading.
  • The licence reflects Sucden’s commitment to its Hong Kong subsidiary and expansion within Asia.

References

Frequently Asked Questions

What is a Type 3 licence?
A Type 3 licence from Hong Kong’s SFC authorises leveraged foreign exchange trading, allowing brokers to offer leveraged FX services.
When did Sucden Financial (HK) receive the licence?
Sucden Financial (HK) was granted the Type 3 licence by the SFC on 29 November 2013.
What services does the licence enable?
It allows clients to trade FX directly via brokerage desk or electronic systems with tight pricing and deep liquidity.
Does Sucden (HK) offer other services?
Yes, it acts as introducing broker for its parent’s futures and options business and provides direct bullion trading.

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