Press ReleasePACRA Upgrades Broker Fiduciary Rating of KTrade Securities Limited
|Current (12-May-23 )
|Major stakes are owned by Oxford Frontier Capital, a UK based Fintech focused VC/PE firm which provides KTrade access to capital, expertise and global networking.
|The rating upgrade factors in the strengthening of governance structure and transparency with the diverse board and presence of independent directors.
|Management and Client Services
|The rating takes comfort from a well-defined organizational structure and experienced management team. The integration of a customized CRM module has led to efficient reporting and increased customer
|Internal Controls and Regulatory Compliance
|KTrade has further strengthened the control framework with the recent appointment of a separate head of risk management.
|KTrade's primary revenue stream is derived from equity brokerage, although diversification is present through its offerings in corporate finance while KTrade has also established a money market desk t
|KTrade mitigates market risk by refraining from engaging in proprietary book investments. KTrade has managed to retain its market share despite of declining market volumes and economic uncertainty.
|Key Rating Drivers
|About the Entity
|Year of Establishment
|Type of License
|Trading and Self-clearing
|Oxford Frontier Capital Limited | ~60%
| Afnan Iqbal
Methodology | Broker Fiduciary Rating | Jan-23
Sector Study | Brokerage & Securities | Jan-23
|This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA. The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.