Blackwell Global Hong Kong Appoints Gary Cheung as CEO
Blackwell Global Acquires Double SFC Licences to Offer Securities and Futures Trading Services
Hong Kong-China Stock Connect a Boost to the Multi-Asset Brokerage Hong Kong, 28 December 2016 – International forex and CFDs brokerage Blackwell Global announces today the acquisition of 2 new licences issued by the Security and Futures Commission (SFC; Securities Licence No. BGX296 and Futures Licence No. BGX460.) in Hong Kong, permitting the brokerage to offer securities and futures contracts to both Hong Kong and international investors. Following the licence approvals, investors can access both local and international contracts across multiple asset classes – global stocks, options, and futures, with its competitives pricing and no minimum deposit. Committed to continually enrich its product and technological offerings, this new addition will expand the portfolio of the Blackwell Global brand internationally, and see the company gain a larger stake in the Hong Kong financial market, with the Hong Kong Securities and Futures Markets being one of the most traded markets in the world. “We have attained the SFC licences during exciting financial times for the Hong Kong investment scene.” said director Michael Wu, when asked about the significance of this event. 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. The SFC authorisation involves the review of documentation and of various security measures that a company has, to see if certain necessary requirements are met. Companies regulated by the SFC will also have to adhere to the duties and responsibilities that are highlighted under the Code of Conduct. With these regulatory measures in place, clients can be assured that their trades will be conducted safely and securely. Blackwell Global will continue to build trust, integrity, competency and innovation in the trading industry. About Blackwell Global Founded in 2010, the Blackwell Global group of companies (“Blackwell Global”) were established to offer investment solutions for private and institutional clients, including trading services and products ranging from forex, contracts for difference, spot and bullion precious metals, global stocks, options, and futures. Blackwell Global provides superior liquidity, 24-hour technical supsport, market research tools, educational material, professional partnership programmes and fully integrated trading platforms for its clients. With a global presence in over 90 countries, Blackwell Global has main offices in the separately regulated markets of Cyprus, Hong Kong, New Zealand and the United Kingdom. Connect with Blackwell Global Contact: firstname.lastname@example.org Website: www.blackwellglobal.com.hk Twitter: www.twitter.com/BlackwellGlobal Facebook: www.facebook.com/BlackwellGlobalHongKong LinkedIn: www.linkedin.com/company/blackwell-global-investments YouTube: www.youtube.com/user/blackwelltrader Google+: plus.google.com/+BlackwelltraderBack to Previous Page >>
UK EU Break Up Worries Traders; Blackwell Global Weighs In On Regulations
LONDON – 05 July 2016 – In the aftermath of the results of the EU referendum, international forex and CFDs brokerage Blackwell Global will continue to comply with the requirements of both the FCA and CySEC in its respective entities, thereby upholding stringent safety standards as a brokerage to its clients in the UK, EU nations as well as the broader EMEA.
The results of this referendum have been of particular interest as its impact is being deliberated upon, especially with regard to the detangling of existing EU legislation in UK. Clients can be assured that adherence to statutes will continue, especially with existing legislations between UK and the European Union. Blackwell Global’s licence with FCA means that the full protection of its clients’ investments in the UK and the European region is maintained, as covered under UK law and derived from EU legislation. One of the most prominent regulatory bodies in the world, FCA sets strict and unyielding standards to ensure the protection of the rights of the client.
In addition, with Blackwell Global’s Cyprus entity being fully regulated by CySEC, its brokerage services continue to be available to all European Union member states and other countries outside of the EU. As a world-renowned monetary authority that is based in Cyprus, the strict regulatory demands of CySEC help ensure the assets of our European clients are fully protected.
Should any alterations be made to existing legislation, Blackwell Global will work in compliance with regulators and facilitate the transition of clients to the appropriate regulatory domains to ensure that they will continue to enjoy optimal protection of their investments. Blackwell Global maintains its obligations to uphold stringent standards of protection for clients not just in Europe and the UK, but across all its global entities.
Blackwell Global Introduces Measures to Curb Possible Brexit Fallout
LONDON – 22 June 2016 – Award-winning forex and CFD brokerage Blackwell Global has put in place a variety of measures in order to protect its clients from unnecessary exposure to anticipated market volatility during the period of the EU Referendum, which will occur on Friday, June 23rd 2016.
As a seasoned brokerage that has weathered multiple market changes, Blackwell Global has formulated various prudent policies in order to better facilitate its goals of risk aversion and client protection. The two primary actions that the company will undertake are the increase of margins and the temporary halt of new trades in anticipation of the event. This is to ensure that the interests of its clients are safeguarded from the choppy market conditions that typically follow after major news announcements such as the Brexit vote. Markets are often subjected to the influence of political factors, and the market reactions following Britain’s possible exit from the European Union (EU) are difficult to predict.
"Increased margin acts to protect the trader", says Mr. Patrick Latchford, CEO of Blackwell Global UK. "During erratic trading conditions, markets can show signs of gapping, which may inadvertently cause problems to trading activity in the form of stop-outs. This can prove to be a problem to traders who hold big positions. Our main priority is, and has always been the interests of the trader."
Another measure that will be taken is the temporary halt of new trades on the polling day – starting 7am UK time (6am GMT) until 27th June, Monday, 5pm UK time (4pm GMT), subject to market volatility. This is an imperative that stems from the prediction of volatile trading conditions.
Mr. Latchford explains that the risks posed by this extremely rare event necessitates this policy, and that it is appropriate to give the market time to stabilise before trading resumes.
To further elaborate on this point, Mr. Jansen Khoo, Head of Risk and Prime Services, agrees that such measures act to protect at the core, the trader.
Mr. Khoo says, "The trading halt is to help clients avoid incurring huge slippages during the UK referendum, since most liquidity providers tend to widen spreads due to thin liquidity. Our risk analysts are fully engaged during this period of uncertainty, to further assure our clients of the safety of their investments. "Blackwell Global has a strong track record of handling complex events such as the Swiss National Bank (SNB) crisis, and aims to maintain its reputation of being a reliable and responsible brokerage."
As an extension to its strong security, Blackwell Global routinely practices due diligence by monitoring its clients trading behavior closely, so as to enforce prudent and strict risk policies. This serves as another layer of protection to ensure that clients and the firm are relatively insulated from possible fallout from the market.
FCA Licence a Boost to Blackwell Global UK
LONDON - 3 February 2016 - International online forex and CFDs brokerage Blackwell Global has today announced that it has been awarded its FCA brokerage licence. The company has appointed industry veteran Patrick Latchford to lead their Europe and future South America presence, assuming the role of CEO at Blackwell Global UK. Blackwell Global UK's Financial Conduct Authority (FCA) licence complements its existing Cypriot regulation, providing added infrastructure and support to the EMEA region. The FCA is a highly respected regulator for financial services in the UK. Its strict authorisation rules give enhanced assurance and added protection to clients of FCA-approved brokerages. Patrick Latchford brings with him unparalleled experience in building FCA-regulated businesses within the European financial services and derivatives trading sphere. He has held several senior management positions in other notable forex and CFDs brokerages and was the mastermind behind Finspreads’ dramatic growth, before it was sold as part of IFX Markets to City Index. Following this, Patrick was appointed as MD (UK) for CMC Markets, before going on to run the entire European operation, opening a comprehensive network of regional offices for the brokerage. "It is an honour to have been asked to take on this role. The prospects are extremely exciting, especially with Blackwell Global's innovative approach towards partnerships and cultural sensitivity." said Mr Latchford, who is confident in accelerating growth for both retail and institutional business in Europe and emerging market territories, including South America.