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