Australian Market Maker AFSL
Provide financial product advice for:
- Non-cash payment products.
- Derivatives (limited to interests in foreign exchange contracts).
- Foreign exchange contracts. Deal in financial products:
- Issuing, applying, acquiring, varying, or disposing of: Non-cash payment products. Derivatives (FX contracts). Foreign exchange contracts.
- Acting on behalf of others for the above products. Make a market for:
- Foreign exchange contracts.
- Derivatives (FX contracts). License applies only to wholesale clients.
Company Status
- Operational with 2 clients transitioning out by Feb 2025.
- Clean record with no enforcement issues.
Team
Responsible Manager (1).
Responsible Manager & Key Person (1).
Director (1).
All willing to stay on post-sale.
Banking & Trading Infrastructure
Bank Accounts: Commonwealth Bank & Macquarie Bank.
Liquidity Providers: Macquarie Bank & Velocity Trade.
Operational Expenses
Minimal due to client transition and lean team.
Capital Requirement
$50,000 AUD (adjustments may apply).
Advantages
Motivated Seller offering an attractive price.
Rare opportunity to acquire an MM AFSL license.
Easier variation/upgrades to retail or additional permissions.
Digital Assets Supervision (2025): Get ahead of the curve for ASIC-regulated digital asset services.
Information is indicative and confirmed on enquiry. Acquisition is subject to due diligence and the applicable regulatory approvals.