Leading institutional trading and liquidity services firm Finalto has announced the launch of its ODP Liquidity Solution, as one of a small number of financial institutions in South Africa with an ODP (Over-the-counter Derivative Product) license.
Since the introduction of FMA 2016, a limited number of providers have had a license to market, price and execute derivative products such as CFDs. The license was issued to institutions with a high priority for compliance, responsible ways of engaging with clients, access to deep liquidity and a good technology and platform offering.
Finalto was awarded its ODP license in March 2022, joining a limited number of financial services providers that were able to meet the high bar set by regulators.
What Are The Regulations?
The purpose…
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