Hong Kong-based Futu Holdings will be expanding its investment platform moomoo to Malaysia, its second Southeast Asian market following its Singapore launch in June 2021.
The company’s wholly-owned Malaysian subsidiary had recently received the Approval-In-Principle (AIP) for the Capital Markets Services license (CMS) from the Securities Commission Malaysia (SC).
Futu offers market data, financial news, interactive social features, and investor education on its proprietary one-stop digital platforms, Futubull and moomoo.
Its subsidiaries provide clients with investing services, including trading and clearing services for the United States, Hong Kong SAR, China Connect, Singapore, and Australia stocks, margin financing, and securities lending, and wealth management.
Robin Xu, Senior Partner and Senior Vice President, Futu Holdings said,
“”We are thrilled to have been granted the AIP from the SC, as it is a validation of our mission and vision to make investing more convenient and accessible to investors worldwide.
Following our success in Singapore and other APAC markets, we are well-equipped to bring our international know-hows in transforming the digitised investment landscape in Malaysia.”
