LXDX, a firm providing high-performance exchange technology and services, has announced that it is launching a public digital currency exchange that brings the institutional tools of high finance to all investors. The company is led by CEO Joshua Greenwald, former SpaceX automation and propulsion engineer and founder of high-frequency trading firm Greenlight Trading. Lack of…
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Retail FX brokerage company TigerWit Group has announced that it has launched its blockchain-based trading app and announced a partnership with Liverpool FC. As the ‘Official Foreign Exchange Trading Partner of Liverpool FC’ the sponsorship agreement provides TigerWit with a high-profile opportunity to increase its brand recognition. This visibility should drive downloads of its new trading…
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Australian regulator ASIC has announced that the unlicensed financial adviser, Mr Senen Pousa, has been permanently banned from providing financial services or engaging in credit activity. Mr Pousa, the former director of Investment Intelligence Corporation Pty Ltd (IIC) was banned after engaging in unlicensed financial advice. Through IIC, Mr Pousa had advised clients to invest…
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Forex industry news at LeapRate this week centered on a number of changes in ownership (and board seats) at some of the best-known names in the Retail FX sector. Who took over control of Saxo Bank? (And at what valuation?) Who sold control of Pepperstone? (And to whom?) Who is replacing Playtech and the company's…
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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 company InstaFX24. InstaFX24 is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
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The payment provider Klarna Bank AB (Klarna) has just announced that it is acquiring Close Brothers Retail Finance (CBRF) from UK merchant banking group Close Brothers Group plc (Close Brothers). Michael Rouse, Chief Commercial Officer of Klarna: We are delighted to welcome CBRF to Klarna, the complementary talents and propositions will help accelerate Klarna’s leadership…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm UK Insurance. 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 details as part of their tactics to…
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Pan-European exchange operator Euronext has announced the results of the annual review of the CAC® family indices. The changes following the review will be effective from Monday 24 September 2018. Results of the Annual Review CAC 40® Index: Inclusion of: Exclusion of: Dassault Systemes Solvay In accordance with section 5 of the rules. CAC® Next…
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Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) has made another announcement today regarding the withdrawal of the CIF license of a company called Gobaba FX Cy Ltd. The complete text of the regulator’s decision can be seen below: Announcement date: 13.09.2018 CySEC Decision date: 10.09.2018 Regarding: Gobaba FX Cy Ltd Legislation: The Investment…
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Australian regulator ASIC has today commenced civil penalty proceedings in the Federal Court of Australia against Australia and New Zealand Banking Group Limited (ANZ) for an alleged continuous disclosure breach in relation to a $2.5 billion institutional share placement undertaken by the ANZ in 2015. On 6 August 2015, ANZ issued a release to the…
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