HK Movers | Victory Securities Surges 139% on Optimism Over Virtual Asset Trading Qualification
Victory Securities shares soared 139% in morning trading.
Victory Securities, a fully licensed securities firm with over 50 years of history, has announced that it has secured significant regulatory approval from the Securities and Futures Commission (SFC) of Hong Kong to offer two key virtual asset (VA)-related services.
The approval for discretionary account management services (DAMS) allows Victory Securities to manage customizable investment portfolios that can include spot virtual assets, VA futures, and VA options for a broad range of clients, the firm said in a statement in the first half of the year that.
Notably, Victory Securities is the first licensed broker in Hong Kong authorized to offer VA DAMS through platforms including Binance FZE and Deribit FZE, two of the world's largest VA and VA derivative exchanges by trading volume.
The company aims to bridge the gap for investors hesitant due to market volatility by offering an experienced investment team and an institutional-grade risk control system that adheres strictly to clients' risk preferences and investment objectives.
The DAMS service will cover asset allocation, risk assessment, and dynamic strategies with round-the-clock monitoring.
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