Compliance
Compliance Corner: CMC Markets Singapore Invest, MAS

The latest compliance news: regulatory developments, punishments, guidance, permissions and new product and service offerings.
UK-listed CMC
Markets, the online financial trading firm, yesterday said
that its Singapore subsidiary entity, CMC Markets Singapore
Invest Pte, has received a regulatory in-principle approval from
the Monetary Authority of Singapore for a capital markets
services licence.
The move by the MAS means that CMC can offer online and mobile
trading of globally listed shares, exchange traded funds,
futures, and options, the firm said.
Pending final regulatory approval, the CMSL will allow CMSI to
offer CMC Invest – a multi-product single platform for clients to
trade international and local stocks, ETFs, futures, and options.
CMC Invest is expected to soft-launch at the end of the first
quarter of this year.
CMC Invest will provide clients with zero commission and
real-time pricing in selected markets such as Singapore, the US,
and Australia. CMC Markets already has similar licences in the UK
and Australia for Invest.