Reason for this visit

Australia has a profound trading culture and a world-recognized regulatory environment. Currency markets are very popular there. Australia's top currency brokers reportedly have more daily trading volume than cash trades in Australian stocks. There are three trading sessions - Asia Pacific, Europe and the United States. Located in the Asia Pacific region, Australia is the first country to start trading forex and commodities during the day. Although the trading volume is relatively small at the beginning, due to the time difference, the addition of Japanese traders after a few hours can make the trading volume larger. The Europe trading session is the most traded in the global foreign exchange market. Australia is a country with abundant natural resources, rich in oil and coal, precious metals as well as grains. The physical trading of these products in global markets has led to a robust derivatives market, with active participation by both retail and institutional investors. Many exploration and production companies are publicly traded on the securities market, making Australian equities highly liquid and risky. In addition, many commodities are priced in USD, EUR and JPY, which contributes to a highly liquid currency trading environment. The physical delivery nature of Australia's thriving export market supports both spot and forward currency markets. Furthermore, China, which is one of Australia's largest trading partners and the world's second-largest economy, brings huge amounts of Australian natural resources into the country. China's influence as a consumer nation provides investors in the currency market with a natural trading partner. Demand for resources may provide a potential exchange rate basis for its currency. In order to help investors or practitioners have a more comprehensive understanding of foreign exchange dealers in Australia, the survey team is going to the country for on-site visits.

Regulatory Information

The dealer holds a full license (MM) issued by the Australian Securities and Investments Commission (ASIC), and the address of the licensed institution is: '01B Tower One' Suite 25 Level 25, 100 Barangaroo Avenue, BARANGAROO NSW 2000. In addition, it also holds a retail foreign exchange license issued by the Vanuatu Financial Services Commission (VFSC).

On-site visit

This time the survey team went to Australia to visit the foreign exchange dealer Decode Global as planned. The survey address is Suite 25.01B,Level 25,International Tower One,100 Barangaroo Ave,Barangaroo,NSW 2000.

The survey personnel came to the destination of the current survey according to the above address. Decode Global’s office is located in International Tower One on Barangaroo Ave, Sydney, which is a 217-meter-high commercial building with 49 floors. The project was completed in mid-2016. Both PwC and HSBC signed lease agreements. The building surveyed this time is very grand, with modern interior decoration. The investigators found the trader's name on the elevator sign in the building.

The survey personnel found the dealer's office on the 25th floor, and the dealer's logo was pasted on the background wall of the front desk. They also entered the company for filming. There are about 2 to 3 offices, and there is a bar around the corner. The survey personnel confirmed the real existence of the dealer's office.

Conclusion

The investigators went to Australia to visit the trader Decode Global as planned, and the trader's logo can be found on its public exhibition address. They also entered the company for a visit, and could see the office and its staff, indicating that the dealer has a real business venue. Investors are requested to make a sensible choice after careful consideration.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.