The UK Financial Conduct Authority (FCA) has put out details of the cloned firm NBLFX/ Niru Bala Limited / Numex Foreign Exchange Corporation. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following…
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LeapRate Exclusive... LeapRate has learned that two senior FX sector executives in the London office of global banking giant UBS AG (SWX:UBSN) have left, to form their own consultancy serving brokers and large FX and fixed income trading entities on both the buy and sell side. The two are Richard Longmore, Managing Director and Head…
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Nasdaq Dubai and The Nairobi Securities Exchange have signed a Memorandum of Understanding (MoU) to facilitate the creation of a Sukuk sector in Kenya. No Sukuk has been issued in the East African region; however the Kenyan government has previously made known its intention to raise funds through issuance of Sukuk, including making necessary amendments…
Read moreHSBC (NYSE:HSBC) just announced that it has launched a new type of sustainable bond based on the United Nations Sustainable Development Goals (UNSDGs). This is the first time that a private sector entity has issued a benchmark-size bond of this type and reflects the Group’s commitment to financing projects that benefit communities and the environment. Recent…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm MBQ International Incorporated. MBQ International Incorporated is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Board of the International Organization of Securities Commissions (IOSCO) has today published 14 good practices on the voluntary termination of investment funds that seek to protect investors’ interests during the termination process. In its final report titled IOSCO Report on Good Practices for the Termination of Investment Funds, IOSCO highlights the importance for investment…
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ChartIQ's WebTrader for MT4 and Trading Central's Featured Ideas have combined powers for forex brokers to enhance their MT4 integrations. Featured Ideas looks at user-defined preferences to scan price movement in real time and display up to ten ready-to-go trade ideas. ChartIQ's WebTrader for MT4 offers the industry's best UI/UX for forex trading and is…
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InvestCloud Inc., a global FinTech firm, has announced UK startup Freetrade as the first firm to enter its UK Innovation Center. Freetrade is using the space to bring its app-only stockbroker to market. Founded by former KPMG accountant Adam Dodds with Co-Founder André Mohamed, Freetrade is democratising investing. It offers zero commissions on basic accounts…
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The Autorité des marchés financiers (AMF) has just announced the appointment of Moad Fahmi to the new position of Director, Fintech and Innovation. This new function will foster the collaboration that is essential to developing Québec's fintech ecosystem," said Louis Morisset, AMF President and Chief Executive Officer. "It is good news for our Fintech Working…
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LeapRate Exclusive... LeapRate has learned that Simon Bird, who was COO of spreadbetting broker City Index for six years ahead of City Index's 2015 acquisition by Gain Capital Holdings Inc (NYSE:GCAP), is "back in the game" joining the board of Ikon Finance Limited, the FCA regulated arm of the global Ikon Group, once one of the…
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