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The latest announcement is out from Halo Technologies Holdings Ltd ( (AU:HAL) ).
Halo Technologies Holdings Ltd has announced a strategic shift in its UK operations, transitioning to a capital light, B2B technology-only model. This move aims to reduce regulatory and operating costs while enhancing partnerships with FCA-authorised counterparties, aligning with the company’s broader strategy to strengthen B2B relationships across various regions. The company will no longer require a regulatory licence in the UK and is awaiting confirmation from the FCA regarding the return of its regulatory permissions. This strategic pivot is expected to streamline operations, drive efficiency, and sharpen the company’s strategic focus, although it is not considered material at this time.
More about Halo Technologies Holdings Ltd
HALO Technologies Holdings Ltd is a provider of online global equities research and trade execution software solutions. The company offers sophisticated institutional-grade analytical tools and market insights to everyday investors through its HALO Global and HALO Trading offerings, catering to both hands-on and low-touch investors.
Average Trading Volume: 119,621
Technical Sentiment Signal: Buy
Current Market Cap: A$18.98M
For an in-depth examination of HAL stock, go to TipRanks’ Overview page.