MahiFX Granted FMA License for Derivatives Offering in NZ

MahiFX has been granted a license from Financial Markets Authority (FMA), bringing its comprehensive derivatives offering under the regulatory jurisdiction of New Zealand’s principal compliance entity.

The FMA has been one of the most active regulators in recent months, embarking on a pair of initiatives that has radically redefined the atmosphere in New Zealand for brokers. This includes the launch of Phase Two, as well as the relaxation of capital requirements for brokers in the country.

Under the new legislation, MahiFX is officially licensed to become a derivatives user in New Zealand, as stipulated by the regulations outlined in the landmark Financial Markets Conduct Act 2013.

In addition to the FMA license, MahiFX is also regulated by the Australian Securities and Investments Commission (ASIC), with an additional Financial Conduct Authority (UK) approval pending, making it one of the more certifiable entities in the region.

In accordance with the Financial Markets Conduct Act, MahiFX has demonstrated the proper regulatory standards, including capitalization and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term requirements, and financial reporting obligations. Furthermore, MahiFX segregates all retail client funds from company funds.

According to MahiFX and MFX Compass’ CEO David Cooney in a recent statemen on the license, “We share the FMA’s aim to ensure greater fairness, efficiency and transparency in financial markets.”

“The fallout in the industry from recent market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term highlights the importance for strengthening the rules to provide greater transparency and protection for clients. We’re very happy to sign up to that,” he added.