Doo
Monetary HK Restricted, a subsidiary of the Doo Group specializing in offering
CFDs for retail merchants, has obtained the Sort 1 (Dealing in Securities)
License from the Hong Kong Securities and Futures Fee (SFC). This authorization
permits the corporate to supply regional purchasers a complete vary of
securities buying and selling providers.
In accordance
to as we speak’s press launch, Securing the Sort 1 license concerned rigorous
analysis of Doo Monetary’s enterprise mannequin, monetary standing, company
governance, and personnel {qualifications}, underscoring the corporate’s dedication
to excessive compliance requirements.
With this
license, Doo Monetary HK Restricted is now licensed to execute securities
dealing transactions on behalf of purchasers, distribute securities, corresponding to unit
trusts and mutual funds, act as a joint book-runner, and interact in inserting and
underwriting actions.
“The
Hong Kong market is pivotal for Doo Group, presenting various strategic
alternatives,” the corporate commented. “With the acquisition of this
license, we’re poised to develop our enterprise sectors, offering buyers with
a broader spectrum of economic providers and facilitating the invention of recent
funding alternatives.”
Beforehand,
Doo Monetary HK Restricted had secured the SFC’s Sort 4 (Advising on Securities)
and Sort 9 (Asset Administration) licenses, permitting the corporate to supply
funding session and asset administration providers. The addition of the Sort
1 license enhances these choices.
Supply: Doo Group
Doo Group Continues
Growth
Acquiring
the SFC license follows the latest announcement of the corporate’s new workplace
opening in Dubai, solidifying its presence in key monetary hubs
worldwide.
The Dubai
workplace will home a staff of specialists specializing in digital know-how,
software program improvement, and consumer help. This strategic transfer goals to cater to
the rising regional consumer base, offering tailor-made options and customized
providers to satisfy their distinctive wants.
As well as
to its newly established Dubai workplace, Doo Group has a robust presence throughout
a number of international locations, together with the USA, the UK, Cyprus,
Egypt, South Africa, Seychelles, Mauritius, Hong Kong, Thailand, Malaysia,
Singapore, Vanuatu, and Australia.
The group’s
brokerage platform has demonstrated seen progress, dealing with over $452.3
billion in buying and selling quantity through the first six months of 2023, representing an
annual improve of 39.4%. Moreover, Doo Group’s buying and selling platforms ended the
interval with greater than 130,000 lively purchasers.
Doo
Monetary HK Restricted, a subsidiary of the Doo Group specializing in offering
CFDs for retail merchants, has obtained the Sort 1 (Dealing in Securities)
License from the Hong Kong Securities and Futures Fee (SFC). This authorization
permits the corporate to supply regional purchasers a complete vary of
securities buying and selling providers.
In accordance
to as we speak’s press launch, Securing the Sort 1 license concerned rigorous
analysis of Doo Monetary’s enterprise mannequin, monetary standing, company
governance, and personnel {qualifications}, underscoring the corporate’s dedication
to excessive compliance requirements.
With this
license, Doo Monetary HK Restricted is now licensed to execute securities
dealing transactions on behalf of purchasers, distribute securities, corresponding to unit
trusts and mutual funds, act as a joint book-runner, and interact in inserting and
underwriting actions.
“The
Hong Kong market is pivotal for Doo Group, presenting various strategic
alternatives,” the corporate commented. “With the acquisition of this
license, we’re poised to develop our enterprise sectors, offering buyers with
a broader spectrum of economic providers and facilitating the invention of recent
funding alternatives.”
Beforehand,
Doo Monetary HK Restricted had secured the SFC’s Sort 4 (Advising on Securities)
and Sort 9 (Asset Administration) licenses, permitting the corporate to supply
funding session and asset administration providers. The addition of the Sort
1 license enhances these choices.
Supply: Doo Group
Doo Group Continues
Growth
Acquiring
the SFC license follows the latest announcement of the corporate’s new workplace
opening in Dubai, solidifying its presence in key monetary hubs
worldwide.
The Dubai
workplace will home a staff of specialists specializing in digital know-how,
software program improvement, and consumer help. This strategic transfer goals to cater to
the rising regional consumer base, offering tailor-made options and customized
providers to satisfy their distinctive wants.
As well as
to its newly established Dubai workplace, Doo Group has a robust presence throughout
a number of international locations, together with the USA, the UK, Cyprus,
Egypt, South Africa, Seychelles, Mauritius, Hong Kong, Thailand, Malaysia,
Singapore, Vanuatu, and Australia.
The group’s
brokerage platform has demonstrated seen progress, dealing with over $452.3
billion in buying and selling quantity through the first six months of 2023, representing an
annual improve of 39.4%. Moreover, Doo Group’s buying and selling platforms ended the
interval with greater than 130,000 lively purchasers.
