Tassman Company

Tassman Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Tassman Company, primarily recognized as Tasman FX, was established in 2009. It emerged as a significant player in the foreign exchange and global payment services sector, catering to both individual and corporate clients. The company was founded with the aim of providing secure and efficient cross-border fund solutions.

Parent Company/Ownership Structure

Tasman FX operates under the ownership of Tasman Foreign Exchange Pty Ltd, which is based in Australia. This structure allows the company to maintain a focus on delivering specialized currency exchange and payment services.

Headquarters Location

The headquarters of Tassman Company is located at 3B/23 Dundonald Street, Eden Terrace, Auckland 1021, New Zealand. This strategic location enables the firm to effectively serve clients in both Australia and New Zealand.

Global Business Scope

Tassman Company operates globally, offering its services across more than 50 countries and regions. The company supports secure payments in over 150 currencies, making it a versatile player in the international financial landscape.

Main Regulatory Bodies

Tasman FX is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services License (AFSL) with the license number 000337970. This regulatory oversight ensures compliance with stringent financial standards, enhancing the trustworthiness of the company.

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2. Company History and Development

Key Milestones

Since its inception in 2009, Tassman Company has achieved several significant milestones. The company quickly established itself as a reputable foreign exchange service provider, gaining regulatory approval from ASIC shortly after its launch.

Business Expansion Journey

Over the years, Tasman FX has expanded its service offerings to include a variety of foreign exchange products, such as spot foreign exchange trading and forward exchange contracts. The firm has also broadened its reach, establishing offices in key locations across New Zealand and Australia.

Customer Base Growth

Tassman Company has experienced substantial growth in its customer base, serving a diverse clientele that includes individual traders, businesses, and corporate clients. The firms commitment to providing secure and efficient financial services has contributed to its popularity among users.

Platform Development History

Tassman FX has continually updated and refined its trading platform to enhance user experience. The platform supports various methods for fund transfers, including telegraphic transfers, ACH, and SEPA, which cater to the needs of its international clients.

Important Awards or Recognitions Received

While specific awards or recognitions for Tasman FX have not been highlighted, the companys regulatory compliance and growth trajectory demonstrate its commitment to maintaining high standards in the financial services industry.

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3. Trading Services Offered

Forex Trading Options

Tassman Company offers a comprehensive range of forex trading options, providing access to numerous currency pairs. The firm specializes in spot trading and forward contracts, enabling traders to engage in various strategies based on market conditions.

Stock Trading Options

Currently, Tassman FX primarily focuses on foreign exchange services and does not prominently feature stock trading options within its service offerings. The company's specialization is in forex and global payment solutions.

CFD Trading Products

Tasman FX does not explicitly list Contracts for Difference (CFDs) as part of its trading services. Clients interested in CFD trading should exercise caution, as the company is primarily recognized as a foreign exchange service provider rather than a CFD broker.

Other Financial Instruments

In addition to forex trading, Tassman Company provides services related to global payments and inward remittance. The firm supports secure transactions in over 150 currencies, catering to a wide range of financial needs.

Special Services or Unique Advantages

One of the unique advantages of using Tasman FX is its commitment to providing tailored risk management solutions. The companys focus on secure cross-border remittances and global payment services sets it apart from traditional forex brokers.

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4. Regulatory and Legal Background

Detailed Regulatory Information

Tasman FX is regulated by the following bodies:

• Australian Securities and Investments Commission (ASIC)
• Financial Markets Authority (FMA) in New Zealand

Legal Entity Structure by Region

Tasman Foreign Exchange Pty Ltd operates as the primary legal entity in Australia, while its New Zealand operations are conducted under the regulatory framework established by the FMA.

Client Fund Protection Measures

The company adheres to strict regulatory requirements, including client fund protection measures mandated by ASIC and FMA. This includes maintaining segregated accounts for client funds to ensure their safety.

Countries/Regions Served

Tassman Company provides services to clients across more than 50 countries, focusing on the Australian and New Zealand markets while also catering to international clients.

Compliance History

Tasman FX has maintained a good compliance history, adhering to the regulations set forth by ASIC and FMA. The companys commitment to regulatory standards enhances its credibility in the financial services sector.

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5. Competitive Landscape

3-5 Main Competitors

Tassman Company faces competition from several key players in the forex and financial services industry, including:

• OFX
• XE
• Wise (formerly TransferWise)
• Western Union Business Solutions

Positioning in the Industry

Tasman FX positions itself as a reliable provider of foreign exchange and global payment services, focusing on secure transactions and competitive rates. Its regulatory compliance and customer-centric approach contribute to its reputation in the industry.

Market Differentiation Factors

Tassman Company differentiates itself through its specialization in foreign exchange services and its commitment to tailored risk management solutions. The ability to support transactions in over 150 currencies and its focus on secure payments further enhance its market position.

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In conclusion, Tassman Company, through its brand Tasman FX, has established a solid reputation in the foreign exchange and payment services market. With a strong regulatory framework, a commitment to customer service, and a focus on secure transactions, it continues to be a reliable choice for individuals and businesses seeking financial solutions. For more information on their services and offerings, learn more.