Japanese Giant Muscles Into the Australian CFD Market as INVAST Launches DMA CFDs via the IRESSTrader Platform
23 December 2014 - 4:03PM
Business Wire
Invast Australia, one of the largest and most successful global
CFD & FX brokerage firms, is set to shake up the Australian CFD
industry with the launch of a competitively-priced DMA CFD offering
which boasts extensive coverage of global stocks and ETFs and a
commitment to industry-leading treatment of client funds.
Australian investors are about to reap major benefits from the
latest entrant into the local CFD space. Invast Australia, the
local arm of Japanese-listed broking giant, Invast Securities, has
announced the launch of a DMA CFD product offering which has been
the result of years of planning by a hand-picked team of DMA
experts.
This launch marks the first entry into the DMA CFD market by a
Japanese broker and is an exciting development for the industry.
With typical Japanese diligence, Invast has ticked all of the boxes
in the design and implementation of its offering.
“We thought long and hard about the sort of CFD offering we
wanted for our clients,” commented Invast Australia CEO, Brendan
Gunn. “The best technology – we have it, the most competitive fee
structure – we have it, the highest level of security of client
funds – we have it. Above all though, we wanted to follow a DMA
methodology, so our clients benefit from the transparency and
accountability inherent in that model.”
Security of funds has been big issue in the CFD industry, with
market participants clashing over the risks associated with brokers
being allowed to use client funds for various purposes.
“One of our main focuses was to build an offering where client
funds remained at all times in a Client Segregated bank account.
Given the strength of our parent company in Japan – particularly
their large balance sheet – we are in the very advantageous
position where we can afford to use our own money for all
operational expenses, even hedging,” says Gunn.
“According to our research, we are the only fully-DMA broker in
Australia who does not use client funds for any purpose. We see a
real need in the Australian market for this type of product. It is
the perfect combination of the fairness of DMA and the most secure
treatment of client funds – the perfect combination.”
In order to bring the product to market, the brokerage – which
has been servicing investors in Japan for over 50 years – scoured
the industry for the most experienced and talented staff.
“From our Technology team, headed by Jon Leung a 10-year veteran
of the DMA CFD industry, to our Operations team, headed by Kushla
Hall a DMA CFD specialist, to our client-facing teams, headed by
Gavin White and James Alexander, both high-profile pioneers of the
DMA CFD product, we have assembled a team with unsurpassed
experience and a genuine passion for the benefits DMA CFDs offer
investors.”
Chief Commercial Officer of Invast, Gavin White, says “We are
extremely proud of the product we have built. The IRESS platform is
renowned in terms of its stability and connectivity to exchanges.
Our coverage of markets is broad and our client-facing teams are
knowledgeable and attentive. We expect to make a big impact in the
industry as word gets out about our offering.”
To help that process, White points to a very generous launch
offer the company has put together; “We wanted something special
for the first group of clients, so we put together a great package
for 'Foundation Members.' While there are conditions, the offer
includes free IRESSTrader for 2 years and other special benefits
which take it to a value of over $1300.”
With such a large player entering the DMA CFD industry, the
outcome can only be good news for Australian investors.
The last word goes to Gunn, “With global multi-asset coverage,
the transparency and accountability of the DMA methodology and the
fact Invast does not use client funds for any purpose, I can
genuinely say, I don’t know why you would trade anywhere else.”
To find out more about the Foundation Member offer, visit the
Invast website today at http://goo.gl/HxPrRc.
About Invast
Since 1960, Invast has grown to become one of the largest and
most successful global brokerage firms, offering state-of-the-art
trading technology and unparalleled service catering to all levels
of traders.
Invast provides a comprehensive choice of platforms, including;
Invast IRESSTrader, Invast MT4, Invast cTrader, Invast ST24 and
Invast ShareTrading. Using these platforms, Invast clients
worldwide can trade Forex, Indices, Commodities, Bonds and DMA CFDs
over global stocks and ETFs.
Invast Financial Services Pty Ltd (ABN 48 162 400 035) is
regulated by the Australian Securities and Investments Commission
and holds an AFS Licence 438283.
InvastAshley Jessen, +612 8036 7567Director of
Communicationsajessen@invast.com.au