ACY Securities Opens New Melbourne Office, Eying for a 2024 IPO

Australia-based forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs broker, ACY Securities announced on Monday the opening of a new office in Melbourne. It came as a part of the broker’s effort to continue growth and expansion. It has plans to establish more offices this year.

The press release shared with Finance Magnates revealed other corporate restructuring plans at the ACY Group. It is consolidating ACY Securities, the financial services arm, and Zerologix, the technology arm, to form a holding company, ACYLogix Pty Ltd.

The consolidation is happening to drive the brokerage group towards the path of being a fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term. In addition, it is eying to become a public company within the next few years.

“Our Victorian Headquarters is a symbol of empowerment, a center for excellence, a hub for local innovation and a celebration of progress! Once the consolidation has been successfully executed, PWC will then formally lead the company to IPO in 2024,” said Jimmy Ye, the Chief Executive Officer at ACY Securities.

“With ACYLogix projected for massive growth in the next few years, the opportunities for cross-departmental, cross-functional and cross-branch career growth, progression and expression are there for all the members of the team to explore as they see fit.”

Another Aussie Broker with High Ambitions

Founded in 2013, ACY Securities offers trading services with forex pairs and CFDs of multiple asset classes like stocks, indices, commodities and exchange-traded funds (ETFs). The platform, with former Aussie footballer Tim Cahil as the brand ambassador, is regulated in Australia and Vanuatu.

Meanwhile, the platform is expanding its offerings with the addition of new instruments.

Earlier this year, the broker onboarded industry veteran Andrew Taylor as the Managing Director, who is playing a crucial role to materialize the company’s expansion goals.