Australia-based prime broker, Invast Global, will donate 100% of the trading commissions generated on Friday, January 31st, to the New South Wales Rural Fire Service (NSW RFS). The donation will directly benefit volunteer firefighters and families who have lost their homes to the horrific bushfires, the company says.
Australia is currently experiencing its worst ever bushfire season. The blazes first ignited in September 2019 and have continued to burn throughout the Christmas and New Year period. Experts forecast that the fires are likely to devastate the east coast of Australia for another two months.
Twenty-five people and over 400 million animals have been killed by the fires which have burned about 14.5 million acres across Australia. Many more have suffered serious injury. The area already burned is more than triple the size of the land destroyed by the 2018 California Fires and six times the size of the 2019 fires in the Amazon Rainforest.
Gavin White, CEO of Invast Global, says: “We have had an amazing response from our brokerage clients who are spread all over the world. They are all getting behind this and I’m hopeful we can get a great result, to support the incredible volunteers who have fought these fires with such dedication and selflessness – and also to help provide comfort to the unfortunate victims of the disaster. It is a humbling experience to see how much the rest of the world is taking notice of the tragedy unfolding Down Under. Some of the most supportive of our clients are based on the other side of the world, with many never having been to Australia – yet they are pledging strong support to Charity Day.”
Invast Global is a multi-asset prime broker based in Sydney, Tokyo and Hong Kong. The company specialises in providing prime services to hedge funds, asset managers, proprietary trading firms, retail brokerages and banks. Invast Global provides liquidity of interbank FX, Index CFDs, Commodity CFDs and global Single Stock CFDs.