ADS Securities SFC Licenses Acquired – Type 1&2


8 June, AtoZForex — ADS Securities LLC is a global financial service firm regulated by the Central Bank of the UAE and headquartered in Abu Dhabi. In general, ADS Securities offers Forex and CFD trading solutions to private as well as institutional investors. Being distinguished with the 2016 Best Islamic Forex Broker Award, ADS Securities has expanded its services in Hong Kong. The Forex broker announced to have obtained the Type 1 and Type 2 licenses from the Hong Kong Securities and Futures Commission (SFC) on the 26th of May, 2016.

Reasons for ADS Securities SFC Licenses I and II expansion

The subsidiary of ADS Securities is ADS Securities Hong Kong Limited, which is regulated by the SFC under the CE No. AXC847. The Hong Kong subsidiary has been licensed by the SFC since 2011, after a local broker was acquired by ADS Securities. Ever since, the broker is in possession of the Type 3 SFC license, which only allows the Hong Kong subsidiary to offer leveraged foreign exchange trading.

As ADS Securities SFC Licenses Type 1 and Type 2 have been acquired, the broker is able to also offer its Futures and securities contracts services in Hong Kong. ADS Securities Hong Kong Limited will extend its scope from offering Forex solutions into a full-service providing brokerage firm. To sum it up, the clients of ADS Securities Hong Kong will become eligible to trade options, futures, global stocks, Forex and ETFs later on this year.

ADS Securities strengthens its position in Hong Kong

The former FXCM and Saxo Bank executive, Francis Lee was hired by ADS Securities Honk Kong Limited last year as their Managing Director. Francis Lee stated that the market for Securities and Futures in Hong Kong has one of the highest traded volumes around the globe. By securing these complementary licenses, he indicated that the clients could trade multiple asset classes. Alongside, they could still continue to bank on high capitalization as well as access to tier one bank/non-bank liquidity. Building further, the Vice Chairman and Chief Executive of ADS Securities – Philippe Ghanem stated that:

“ADS Securities has a long-term commitment to Hong Kong and we intend to continue improving and expanding the products and services we offer to our clients.  The addition of these new business areas makes our position a lot stronger and allows us to provide greatly enhanced services which will benefit a range of investors.”

When can ADS Securities’ clients use the new services?

Now that the 2016 Best Islamic Forex Broker is able to set up the required agreements with local stock exchange operators, it is projected that it will take 6 months before their clients are able to trade the added securities and futures products. Along the existing Forex and bullion products, the new tradable products will become available for the clients of ADS Securities on their OREX platform. 

As ADS Securities SFC Licenses I and II have been acquired, the company is able to diversify it’s catering for its clients in Hong Kong as well as attract wealth management clients. Customers of ADS Securities Hong Kong probably will have to wait 6 months, before they are able to trade the additional futures, stocks and ETFs.

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