OneTRADEx Ltd. – In Official Liquidation (2024-10-31)

Summary

This is a public notice from CIMA announcing that OneTRADEx Ltd, a company previously holding a Full Securities License, has been placed into official liquidation and has had its licence revoked. It is purely informational, confirming a change in status for this specific entity rather than imposing any general regulatory requirement.

• Liquidation: On 15 October 2024, OneTRADEx Ltd was placed into official liquidation, with Kenneth Melvin Krys and Mark Richard Longbottom of Krys Global appointed as Joint Official Liquidators (JOLs).
• Background: OneTRADEx had previously been placed into Provisional Liquidation by the Grand Court of the Cayman Islands on 27 September 2019.
• Licence revocation: CIMA revoked OneTRADEx's Full Securities Licence pursuant to section 17(6)(d) of the Securities Investment Business Act (2020 Revision, as amended), effective 15 October 2024.
• Contact: Enquiries should be directed to JOL Mark Longbottom via email or telephone, as provided in the notice.

The notice does not create any ongoing compliance obligations for other regulated entities; it simply records the liquidation and licence revocation of this one company for public record.

Applies to

securities investment business licensees

Deadlines

• 15 October 2024: Effective date of official liquidation and revocation of OneTRADEx's Full Securities Licence