2. ARD foreign exchange in New Zealand was first established in Australia by four senior bankers in 200 1 year. At the beginning of its establishment, it was supervised by the Australian Securities Commission (ASFL:329828), focusing on providing institutional clients with investments in bonds, funds and other fields. In 2006, ARD established a direct branch in New Zealand (ARD Limited), focusing on providing foreign exchange, contracts for differences and futures markets for individual investors.