PIT is your dedicated outsourced trading desk.
PIT is not an exchange participant or clearing participant and will act solely on behalf of its clients, representing them as their agent to ensure best service and execution. PIT is a HK Securities and Futures Commission (SFC) licensed Type 1 (Equities) Broker. PIT: No client assets & no proprietary book.
Parry International Trading (PIT) is a Type 1 (Dealing in Securities) licensed brokerage company with the Securities and Futures Commission of Hong Kong (CE: AUV257). PIT is neither a market participant, exchange participant nor a clearing participant and as such, PIT uses other licensed corporations that are exchange participants.
As we do not hold client assets or participate in the clearing or settlement process, we direct trades on behalf of our clients only to counter party brokers that are on our client’s investment committee’s approved broker counter party list. This effectively removes any counter party risk in settlement, booking or clearing for our clients dealing with PIT.
While other Asian markets mostly marked time Friday, Hong Kongs Hang Seng Index rose to a record. Regional stocks were affected by the late-Thursday rally in the U.S. dollar, which came after President Donald Trump declared the currency would get stronger. The dollar pulled back after rising... read more
The Federal Reserve looks set to avoid hiking rates too aggressively, which would be positive for stocks, says Gavin Parry of Parry International... read more