GRAND CAYMAN, Cayman Islands, Aug. 13, 2018 /PRNewswire/ -- BYFX Global Co., Limited is pleased to announce The Cayman Islands Monetary Authority (CIMA) has granted BYFX Global Co., Limited the Securities Investment Business Licence (SIBL) which will allow BYFX Global Co., Limited to conduct securities investment business as a Market Maker. Under SIBL, securities are broadly defined, as shares, debt instruments, warrants, options, futures and contracts for differences. This scope allows BYFX Global Co., Limited to offer an array of financial products in the future, namely offering contracts for difference (CFD) in leveraged Foreign Exchange, Spot Bullion at its launch.
The Securities Investment Business Law regulates securities investment business, including market makers, broker-dealers, securities arrangers, securities advisors and securities managers, in or from the Cayman Islands. With the Cayman Islands' reputation as a leading financial centre with strong regulatory system, the Securities Investment Business Law is effective, transparent, and globally recognized as meeting or exceeding other international standards. The Cayman Islands have stringent regulations against anti-money laundering and terrorist financing. Thus investors, financial institutions, clients and partners can be assured of the security and safety of their funds. With this licence, BYFX Global Co., Limited will launch in 2018Q3, offering retail clients around the globe top tier liquidity and an array of online trading services for securities investment.
Zhu Min, Director of BYFX Global Co., Limited commented, "As a wholly owned oversea subsidiary of the SBI Group, the leading online financial conglomerate from Japan, we bring retail clients fair and transparent pricing, and a smooth and easy trading experience. The SIBL licence granted by CIMA to BYFX Global Co., Limited constitutes an important milestone."
About BYFX Global
BYFX Global Co., Limited is a wholly owned subsidiary of SBI Holdings, Inc (8473:JP), providing liquidity solutions and highly secure and comprehensive online trading services for Spot FX, Spot Bullion and Physical Bullion (www.byfx.com). SBI Holdings, Inc., Japan's leading online financial and fin-tech conglomerate, began its business in 1999. SBI Holdings, Inc is listed on Tokyo Stock Exchange and has accumulated over 23.9 million customers in June 2018.
BYFX Global Co., Limited
Reported by SBI Holdings, Inc. Financial Results for the three-month period ended June 30, 2018 (Fiscal year ending March 31, 2019)
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