Abstract:Doo Financial HK Limited secures pivotal Type 1 License, expanding its securities trading services in the region after rigorous evaluation and bolstering its global presence.
Doo Financial HK Limited, a subsidiary under the Doo Group umbrella specializing in providing CFDs for retail traders, has recently obtained a Type 1 (Dealing in Securities) License from the Hong Kong Securities and Futures Commission (SFC). This license authorizes the firm to offer various securities trading services to clients in the region.
The acquisition of the Type 1 license followed a thorough evaluation of Doo Financial‘s operational framework, financial standing, corporate governance practices, and team expertise. This reflects the firm’s commitment to adhering to regulatory standards.
Doo Group operates globally, with operations in various countries, including the United States, the United Kingdom, Cyprus, Egypt, South Africa, Seychelles, Mauritius, Hong Kong, Thailand, Malaysia, Singapore, Vanuatu, and Australia. The firm‘s trading platform has experienced significant growth, with a trading volume exceeding $452.3 billion in the first half of 2023, representing a notable 39.4% year-over-year increase. Additionally, the count of active clients on Doo Group’s trading platforms has surpassed 130,000.
With the new license, Doo Financial HK Limited can now conduct a range of securities-related transactions, including executing trades, distributing unit trusts and mutual funds, participating as a joint book-runner, and engaging in placement and underwriting activities.
This achievement adds to Doo Financial HK Limiteds previous successes, including obtaining Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses from the SFC. These licenses enabled the firm to provide investment advice and asset management services, enhancing its service portfolio.
The announcement of the SFC license aligns with Doo Group‘s recent expansion endeavours, notably the inauguration of a new office in Dubai. This initiative aims to strengthen the firm’s capabilities in digital technology, software development, and client support, meeting the demands of its regional clientele.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Interactive Brokers has expanded trading hours for US Treasury bonds, now allowing trading for 22 hours daily.
Proprietary trading firms, commonly known as prop firms, have been gaining attention in the forex and cryptocurrency industry. These firms recruit traders to trade with their capital, offering potentially lucrative opportunities. However, the question arises: Are prop firms truly worth the hype?
CFI Financial Group integrates with TradingView, offering clients access to 4,000 trading instruments and a community of 50M+ traders, along with advanced charting tools for an improved trading journey.
A major event is coming! The "WikiFX Global Supervisors Gathering" event has officially launched, and participants will have the chance to win USDT rewards!