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Finance Magnates has learned that Playtech has been quietly reshuffling some of its operations. According to information listed on the Chinese website of Markets.com, the TradeFX subsidiary dedicated to financial trading has been actively looking for new ways to expand its business in China. After some considerations, the company switched the regulatory framework of its operation in China under Australian law by using its Sydney based subsidiary, STA Global Investments.
The previous operator of the Chinese subsidiary of Markets.com, Safecap, remains as the operator of the European entity of Markets.com, and the change appears to be regional. Playtech is already using its ASIC regulated ... (read more)