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 company Cullen Price Group. Cullen Price Group 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 following article was written by Anya Aratovskaya, VP of Institutional Sales at Advanced Markets and Fortex, Inc. Our marketing team gets countless emails from retail traders requesting demo versions of our FIX API. Advanced Markets does not work directly with retail traders (the firm only deals with institutional clients), however, upon researching these requests…
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Volante Technologies Inc., a global provider of software for accelerated end-to-end payments processing, has announced that FIMBank Malta has signed as the first customer for Volante’s newly launched cloud-based VolPay-as-a-Service offering. Volante will provide FIMBank with a managed service for processing SEPA payments in the cloud, powered by Volante’s VolPay Suite of payments products running…
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Australian regulator ASIC has just announced that it has permanently banned Annabelle Martincic from providing financial services and engaging in credit activities. Ms Martincic’s former partner was one of three directors of M3 Building and Construction (M3). Between late 2013 and April 2016, Ms Martincic did finance and accounting work for M3, under the job…
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LeapRate Exclusive... LeapRate has learned that Jason Gibson has left London based institutional FX broker FIXI plc, to set up a new Retail FX brokerage brand called 888 Markets, at website 888markets.com. The new business, formally incorporated as Triple Eight Markets Group Ltd, is acting as an Appointed Representative of FCA-regulated FIXI. The new company is a…
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The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has announced the results of a benchmark study which demonstrated for the first time ever that distributed ledger technology (DLT) is capable of supporting average daily trading volumes in the US equity market of more than 100…
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tZERO, the blockchain-meets-Wall-Street subsidiary of Overstock.com, Inc. (NASDAQ:OSTK), has just announced it has completed the issuance of preferred tZERO security tokens. Tokens were issued to investors who had fully funded signed agreements for future equity (SAFEs) prior to the August 6, 2018 close of the company’s Security Token Offering (STO). tZERO raised $134 million from…
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Australian regulator ASIC has just announced that it has cancelled the Australian financial services (AFS) license of WA-based Red Summit Trading Partners Pty Ltd (Red Summit). On 7 March 2018, ASIC suspended the AFS license of Red Summit until 7 September 2018 after it was found that the licensee was not carrying on its financial…
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Cointelegraph just reported that a young man from Russia is currently facing court allegations, as he illegally mined Bitcoin through state-owned servers. Reportedly, the man is from Kurgan, a Siberian city. The "theft" was reported by the local office of Russia’s Federal Security Service or FSB. The breach, however, occurred not only in his region,…
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LeapRate Exclusive... LeapRate has learned that embattled Australia based Retail FX broker Direct FX Trading Pty Ltd has been placed into liquidation. The move became effective as of October 11. Jason Tracy, a Partner in the Financial Advisory group of Deloitte's Restructuring Services arm in Australia was named as Liquidator. The liquidator's plans are apparently to…
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