jemook-old
Former GlobalPrime.com Representative
- Messages
- 21
Getting back to something earlier in the thread. Many ASIC regulated brokers did drop their claims to being ECN, quite probably out of worry of being penalized by ASIC for deceptive advertising. If you truly feel Global Prime's claims of being ECN are false, why not take that and all of your other complaints and information to ASIC? An ASIC ruling on whether or not Global Prime really is or is not ECN would be something of great interest to traders, as would rulings on everything else you brought forward.
We spoke to two lawyers, in house counsel, and external compliance about our use of the term 'ECN' when we relaunched our website in early 2020. We are very comfortable with our use of the terms 'ECN' and 'A-book' to describe our business model. The disclosures on our website were seen to be sufficient by everyone who reviewed it.
We welcome any queries from Australia's regulators over GPs status as an ECN broker.
Regards,
Jeremy