ACY Securities Opens New Melbourne Office, Eying for a 2024 IPO

The broker is going to consolidate its financial services and technology arms.It is also planning for further global expansion.

Australia-based  forex  and CFDs broker, ACY Securities announced on Monday the opening of a new office in Melbourne. It came as a part of the broker’s effort to continue growth and expansion. It has plans to establish more offices this year.

The press release shared with Finance Magnates revealed other corporate restructuring plans at the ACY Group. It is consolidating ACY Securities, the financial services arm, and Zerologix, the technology arm, to form a holding company, ACYLogix Pty Ltd.

The consolidation is happening to drive the brokerage group towards the path of being a  fintech . In addition, it is eying to become a public company within the next few years.

“Our Victorian Headquarters is a symbol of empowerment, a center for excellence, a hub for local innovation and a celebration of progress! Once the consolidation has been successfully executed, PWC will then formally lead the company to IPO in 2024,” said Jimmy Ye, the Chief Executive Officer at ACY Securities.

“With ACYLogix projected for massive growth in the next few years, the opportunities for cross-departmental, cross-functional and cross-branch career growth, progression and expression are there for all the members of the team to explore as they see fit.”

Another Aussie Broker with High Ambitions

Founded in 2013, ACY Securities offers trading services with forex pairs and CFDs of multiple asset classes like stocks, indices, commodities and exchange-traded funds (ETFs). The platform, with former Aussie footballer Tim Cahil as the brand ambassador, is regulated in Australia and Vanuatu.

Meanwhile, the platform is expanding its offerings with the addition of new instruments.

Earlier this year, the broker onboarded industry veteran Andrew Taylor as the Managing Director, who is playing a crucial role to materialize the company’s expansion goals.