GO Markets Expands Global Reach: Boosts Payment Transfers with New Currency Service

<p>The Australian-based CFD broker, GO Markets has teamed up
with Currencycloud to simplify multi-currency business operations. This
partnership aims to automate the process of client deposits and withdrawals and
to offer real-time API-driven competitive foreign exchange rates the
companies said.</p><p>At the center of this
collaboration is a virtual multi-currency account, which
serves as a gateway for GO Markets to accept wire payments across various local
and SWIFT payment rails. According to a statement shared with <a href="https://www.financemagnates.com/tag/finma/" target="_blank" rel="follow">Finance Magnates</a>, this approach enhances the efficiency of fund
uploads, thanks to the <a href="https://www.financemagnates.com/terms/a/automation/">automation</a> facilitated by Currencycloud's platform.</p><p>Streamlining Global
Trading Services</p><p>Soyeb Rangwala, the CFO
Director at GO Markets, said: "Integrating Currencycloud enables us to
provide our clients with a complete global trading experience with expanded
funding and withdrawal options. We look forward to enabling GO Markets'
expansion plans as they add new currencies, jurisdictions, and products into
their repertoire."</p><p>Additionally, GO Markets
expects to benefit from the real-time foreign <a href="https://www.financemagnates.com/terms/e/exchange/">exchange</a> liquidity that
Currencycloud brings onboard as a gateway to new markets. GO Markets was
established in 2006 as a provider of online CFD trading services. The broker
offers a wide array of tradable CFD instruments, spanning forex, shares,
indices, metals, and commodities.</p><p>About three weeks ago, <a href="https://www.financemagnates.com/tag/go-markets/" target="_blank">GO Markets</a> selected Options Technology as the primary
market data provider to support its operations in the Asian market. According
to the company, this collaboration enables the delivery of market data and CFD
products, initially focusing on the Hong Kong Stock Exchange. Under the
agreement, Options will provide risk monitoring, data management solutions, and
technological infrastructure to GO Markets.</p><p>GO Markets' Expansion
Plans</p><p>Commenting on the
partnership, Rangwala said: "Options' advanced market data capabilities
align perfectly with our vision of providing top-notch services to our clients.
Their technology and expertise will strengthen our risk management framework
and empower us to expand our presence in the Asian markets."</p><p>GO Markets has since <a href="https://www.financemagnates.com/forex/brokers/go-markets-obtains-uae-broker-license/" target="_blank">expanded
its operations</a> to the
Middle East and North Africa (MENA) region by obtaining a broker license from
the United Arab Emirates (UAE) regulatory authority. The UAE broker license was
awarded to the company's subsidiary, GO Markets MENA DMCC, in 2020. This
approval enables the company to offer financial services within the UAE.</p>

This article was written by Jared Kirui at www.financemagnates.com.