Going onshore: BlackBull Markets gets NZ derivatives issuer license
Auckland, New Zealand based Retail FX and CFDs broker BlackBull Markets has announced that it has received a Derivatives Issuer license in its home country from New Zealand’s financial regulator, the FMA.
BlackBull was founded in 2014 by Managing Director Michael Walker, and has operated since then as a registered (but unlicensed) financial services provider in the country. BlackBull also has an offshore, Seychelles incorporated entity.
Michael Walker, BlackBull Markets’ Director, commented on the news:
“We have been working with the Financial Markets Authority here in NZ for quite some time now while our business has continued to expand. With the addition of licencing from the FMA, our clients can now rest assured that they’re trading with a regulated broker in one of the safest and fastest-growing financial markets in the world.”
Since its establishment back in 2014, the broker has seen rapid growth and consistently doubled in size year-on-year over the past three years as well as expanded and tailored its product offering in dozens of new markets.
“We have a really great team here in Auckland and are focused on continuing to strategically grow the business over the coming years with the goal of becoming the leading online financial technology and foreign exchange broker.”
BlackBull Head of FX & Metals and General Manager Anish Lal posted the following on social media:
Breaking: BlackBull Markets are now licensed by the FMA.
We have today received our Derivative Issuer license from the FMA in New Zealand. This is a significant milestone for our company as we look forward to servicing our local domestic market, focusing on premium local support and to provide leading conditions for traders.
We thank key team members and consultants who have assisted us over the last 18 months in our application. With your efforts, we have worked to achieve this credible license, affirming our position as one of the largest brokers in New Zealand.