Michael McCarthy joins Moomoo AU from Number13Black, where he was Trader/Director, but he is mostly known for his prior roles as Chief Strategy Officer at Tiger Brokers (AU) and Chief Market Strategist at CMC Markets.
The new CCO of moomoo AU is a trading, communications, and education professional, involved in profitably trading, dealing, and managing FX, interest rate, commodity, and equity markets since 1983, with a specialization in derivatives since 1993. McCarthy is a former AOM market-maker and SFE registered representative who has held ASXD level II accreditation and series 7 license from SEC NY. He is ASIC accredited RG146 (Financial Advisor) and RG105 (Responsible Manager). He’s been a regular on ABC Newsradio, BBC, Bloomberg, ChannelNewsAsia, Nine, SBS, SKY, and TEN.
As Chief Commercial Officer, McCarthy will be responsible for leading moomoo’s strategic direction, market expansion, and customer engagement across the region. Moomoo leverages artificial intelligence to provide an intuitive investing experience suitable for both beginners and experienced traders. The platform has gained significant popularity over the past two years, indicating a critical market need for comprehensive yet manageable trading options.
Moomoo Australia now directly linked to ASX
Earlier this year, Moomoo AU initiated CHESS-sponsored trades, enabling Australian investors to directly access and own shares on the Australian Securities Exchange (ASX) with minimal trading fees starting from AUD $3 per trade.
CHESS, the Clearing House Electronic Subregister System used by the ASX, provides a secure method of managing shareholdings and transactions. Moomoo’s integration with CHESS sponsors adds an extra layer of security for client assets, in addition to existing measures like client funds segregation and SIPC insurance for US assets.
Moomoo’s offering in Australia includes access to over 22,000 shares and ETFs across Australia, the US, and Hong Kong markets, along with competitive trading fees and a suite of professional-level features and tools. The platform also offers AI-powered capabilities, access to global news, and free investment courses, aiming to cater to investors across all levels.
