The Hong Kong Securities and Futures Commission (SFC) has announced the implementation of the new open-ended fund companies (OFC) regime with effect from 30 July 2018. This will enable investment funds to be established in corporate form in Hong Kong, in addition to the current unit trust form. The Code on Open-ended Fund Companies and…
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LeapRate Exclusive... LeapRate has learned that regulated cryptocurrency exchange DX.Exchange has raised a significant amount of venture capital from Silicon Valley-Israeli VC firm NFX. DX.Exchange was launched earlier this year by former Oanda UK and Alpari UK CEO Daniel Skowronski, as was exclusively reported by LeapRate back in May, and is being being built on Nasdaq’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 Lindmand Group. Lindmand Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
Read moreThe Securities and Exchange Commission (SEC) has informed that it has charged Howard M. Appel with manipulating the stocks of three microcap companies while on supervised release following his criminal conviction for a prior securities fraud. According to the SEC’s complaint, Appel orchestrated multiple schemes to manipulate the market for trading in shares of Virtual…
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Integrated global payments platform ZED Network has announced a strategic partnership agreement with IdentityMind Global™, Digital Identities You Can Trust, whereby ZED Network will use IdentityMind Global’s Version 2.0 platform to meet know your customer (KYC) and anti-money laundering (AML) compliance requirements for ZED Network Money Transfer Operators (MTO) worldwide. We’re pleased to work with…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. US GDP initial value in the second quarter reached 4.1%. The University of Michigan consumer confidence index in July was also higher than expected at 97.9%. However, the market believes that the earlier US tax cuts and exporters' efforts to avoid…
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Which FX and crypto affiliate group posted $18 million of Revenues in 2018? Which FX and CFD brokers reported results this past week? How are brokers, and those providing services to brokers, preparing for the new ESMA leverage limits and other client protection initiatives which are scheduled to come into effect this week? Which Forex…
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The Spanish Stock Market Bolsa de Madrid (BME)’s net profit for the first half of 2018 totalled 71.3 million euros while in the second quarter of the year it reached 33.4 million euros, down 11.2% and 18.4 year-on-year respectively. The result is 11.2% lower year-on-year Net profit in the second quarter came in at 33.4…
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The EFTA Surveillance Authority (EFTA SA) has just announced that it has registered today the Nordic Credit Rating AS (NCR) as a credit rating agency under Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on Credit Rating Agencies (the CRA Regulation), as incorporated into the Agreement on…
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Swiss interdealer broker Compagnie Financière Tradition (SWX:CFT) has informed that its activity grew in the first semester with reported consolidated revenue of CHF 459.8m compared with CHF 411.4m in same period in 2017, up 10.3% in constant currencies. At current exchange rates, consolidated revenue presented an increase of 11.8%. For the same period, the Group’s…
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