The FX based in Canada, goods and shares and shares trade has announced the expansion of the CMS license with the Singapore Monetary Authority (MAS) to include securities and funding of products in the suite of regulated products offered in the area.
The company said that this milestone is perfectly setting the speed trade as a main participant in the area and complements existing curatorial and foreign exchange companies that are already facing rapid growth.
In this development, the Telocity Trade Singapore will now be able to provide the following products with the CMS license:
- OTC, Deliverable & Margin FX
- Investment Solutions (Structured Products & AMCS)
- Natural precious metals and compensation solutions
- Securities
- Money
- Derivatives negotiating in stock markets
- Funding products for US shares
- Fixed income
- Diligence
Speed trade initially received a more limited license in Singapore in late 2023.