Date：19th Oct, 2018
Official Statement on the Cooperation of OriginECN with GeminiCap
After two months of negotiation, Origin ECN and the Bahamas leading platform IX Capital Group Limited ("IXCG") reached a strategic restructuring. Origin ECN's financial derivatives brokerage business will be integrated into IXCG, and the restructured brand operations will be fully upgraded by its subsidiary Gemini Capital Markets Ltd ("GeminiCap"). In the coming month, the two parties will complete the relevant business transition in accordance with the principle of "not affecting the customer experience". The brand of financial derivatives of OriginECN will be officially renamed to GeminiCap after the announcement.
GeminiCap's key management team is led by CEO Robert Berkeley and Head of Operations Alex Praill. Robert has served as a chartered accountant for Arthur Andersen, an international business consulting firm. After years of the accumulation of experience, he has become an established figure in the industry. Alex Praill joined a leading and award-winning brokerage firm as a start of his career in the financial services industry. Alex has always focused on the company's infrastructure and project management, and has continued to innovate and obtained excellent accomplishment.
Origin ECN is Australia's experienced financial derivatives trading service provider. Since its establishment in 2004, after 14 years of development, from the infrastructure, product diversity, liquidity depth, investor education to the industry's leading value-added services, Origin ECN has become a high-profile trading partner for traders. It is OriginECN's established reputation and coherent strategy leads to this successful cooperation. The strong integration of the OriginECN market brand and GeminiCap's strong management team is a new upgrade of the advantages of both parties.
This integration will complete a comprehensive upgrade of GeminiCap's self-regulatory system, capital insurance, product structure, technology services and management team.
Upgraded financial regulatory system leads to compliant operations
Gemini Capital Markets Ltd is the registered trading name of IX Capital Group Limited and is authorized and regulated by the Securities Commission of the Bahamas ("SCB") under registration number SIA F-188. The Securities Commission of the Bahamas, an important financial regulator of the Bahamas, is mandated by Bahamian law. Since its inception in 1995, the Securities Commission of the Bahamas has been committed to establishing and managing the operating rules of financial markets. In recent years, its regulatory authority has been highly recognized by global markets and investors. Under the terms of the Bahamian law, the Commission adopts the definitions and standards of the World Trade Organization (WTO) and requires any company or individual engaged in financial services in the Bahamas to accurately, comprehensively and promptly disclose information in an effort to build a fair and equitable safe, dynamic and competitive investment trading market. At the same time, the framework and rules of the Securities Commission of the Bahamas follow many of the principles of established financial regulators such as the UK and Australia. For example, client funds must be deposited in secure, segregated accounts. Service providers must be committed to providing world-class extremely fast execution speed, and ensure that the customer fully understands the trading operation and potential risks of the investment products before investing.
Upgraded client money insurance, providing more protection.
GeminiCap provides customers with a million-dollar client money insurance. Eligible claimants can claim up to $1,000,000 which gives customers more confidence in trading. A Claimant is a customer of the Insured who (i) is an Eligible Claimant in respect of the Insolvency Event (ii) has submitted its claim (including a claim form) to the Insolvency Practitioner within 12 months of the date of the Insolvency Event of the Insured; and (iii) has submitted its Investor Compensation Form to the Insured within 12 months of the date of the Insolvency Event of the Insured.
Full details of the policy are available upon request.
Upgraded product structure, providing more choices.
GeminiCap provides customers with a wealth of trading products and flexible leverage. In terms of trading products, there is no substantial change in the existing trading products of OriginECN in the early stage of the cooperation. But in the near future, GeminiCap will further enrich the product library based on GeminiCap's future development plan. In the next product plan, GeminiCap will add Contract for Difference (CFDs) such as Hong Kong stocks, British stocks and US stocks based on OriginECN. In terms of trading leverage, GeminiCap will provide customers with up to 500:1 leverage in the next period of time, and may introduce a floating leverage mechanism. Since then, customers are free to trade.
Upgraded technology, helping investment and trade.
GeminiCap adopts the most cutting-edge technology in order to enhance the trading environment. Taking this cooperation as an opportunity, GeminiCap actively integrates better liquidity providers and introduces more competitive spreads to provide customers with great trading environment. It also increases its investment in IT, risk control and product data teams. Investing in efforts to provide cutting-edge technology, GeminiCap aims at helping customers trade.
The service system is upgraded again. GeminiCap is committed to providing customers with professional and high-quality trading service support, and further improving the upgrade service system by providing customers with VPS virtual server, free Trading Central trading strategy service, mobile APP, CRM account management system and market headlines.
From 19th October, all OriginECN customers will be migrated from OCN to GeminiCap after agreeing the migrate agreement in the CRM. The entire migration process is quick and easy. The migration deadline is November 20th, 2018. After that, OriginECN's CRM and APP will be out of service. Please pay attention to the migration to GeminiCap.
At the time of this cooperation, GeminiCap inherited and enhanced the service philosophy of "integrity, rigor, safety and efficiency". Our unwavering belief requires your understanding and trust; we need your support and assistance in the pace of our progress. Let us work together!
Meanwhile, in order to make investors understand more about the background, development philosophy and origin intention of our brand, GeminiCap will hold our debut press conference entitled "Well stored experience, releasing extraordinarily. " GeminiCap Global Press Conference, four countries linked live interactive broadcast. Please stay tuned.
Foreign exchange and CFD transactions refer to high risk margin trading, which is only applicable to individuals and institutional investors who are able to bear the risk of loss. Before you make a decision, you should consider your investment objectives, financial situation, experience level, risk tolerance, etc.. You should be familiar with all the risks of margin trading, and make prudent investment decisions independently.