Following the acquisition of Rakuten Securities Australia Pty Ltd, a subsidiary of Rakuten Securities, Inc., ATFX, the world's leading online CFDs trading broker, has acquired Khwezi Financial Services, a South African licensed Over-the-Counter Derivative Provider (ODP).
Khwezi Financial Services is regulated by the Financial Sector Conduct Authority (FSCA) and the acquisition enables ATFX to legally offer OTC derivatives services to South African clients as an ODP.
With the acquisition of Khwezi Financial Services, ATFX is boldly charting its path to significant growth in the South African market, according to ATFX Chairman Joe Li.
"In addition to competitive spreads, cutting-edge technology platforms, and round-the-clock customer support, ATFX aims to cater to the needs of retail clients with a client-centric approach and provide a new source of liquidity in the African institutional business," says Joe Li.
"By leveraging our resources and expertise, we aspire to establish as a leader in the industry, offering trading opportunities and services ahead, and service a wider range of customers in the African market."
In June, ATFX further strengthened its licensing in the Middle East by obtaining the Arrangement and Advice License from the UAE Securities and Commodities Authority (SCA).