A tied agent in practice is a form of Introducing Broker. This terminology was introduced to the foreign exchange industry in 2018 under the MIFID II regulatory framework update in the European Union.
Technically, a tied agent is a firm that has a responsibility to one conforming investment firm, for whom it acts on behalf of as it promotes investment services, provides the service of either receiving and transmitting trading orders, placing financial instruments or providing investment advice. The key difference from a traditional introducing broker here is the undertaking of regulated activities usually only provided by a broker. In this regard, it is a step between an Introducing Broker and a White Label.
In other regions of the world this relationship functions under various titles such as Authorised Representative as they would be referred to in Australia.
BlackBull Partners pays commissions to its tied agents who refer clients to the company. The first step towards becoming a tied agent is getting started as an introducing broker. Successful introducing brokers with a stable track record will have the opportunity to discuss this option.
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Black Bull Group Limited (trading name: BlackBull Markets) is a company registered and incorporated in New Zealand (NZBN 9429041417799) located at Level 20, 188 Quay St Auckland 1010. Black Bull Group Limited is registered FSP403326.
BlackBull Group UK Limited is registered in United Kingdom, Company Number – 9556804. Services provided by: BlackBull Group UK Limited (Company Number – 9556804) Address – 6 Thornes Office Park Monckton Road, West Yorkshire, England, WF2 7AN.
Black Bull Trade Limited is a NZ limited liability company incorporated and registered under the laws of New Zealand, with NZBN 9429049891041 and registered address Floor 20, 188 Quay Street, Auckland Central, Auckland 1010, New Zealand. Black Bull Trade is registered FSP403326.
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