Hong Kong’s asset and wealth management business reached $24,270 billion in 2017 LeapRate

July 20, 2018 BY Valentina Kirilova

Hong Kong’s asset and wealth management business reached $24,270 billion in 2017

The Hong Kong Securities and Futures Commission (SFC) has released the findings of its annual Asset and Wealth Management Activities Survey, previously known as the Fund Management Activities Survey, which shows that the asset and wealth management business in Hong Kong amounted to $24,270 billion (US$ 3,108 billion) as at 31 December 2017. To provide…

July 20, 2018 BY LeapRate Staff

HotForex enables MT5 platform trading for clients

International multi-asset broker HotForex has announced that it has now added the new and innovative MetaTrader 5 trading platform, available for a variety of devices operating on Windows, Android and iOS systems. A HotForex spokesperson commented, HotForex is aware that every trader is different, and is always looking to ensure its clients have the tools they…

July 20, 2018 BY LeapRate Staff

Optimove hires Earnix executive Yarden Malka as COO

Customer marketing and retention specialist Optimove has announced that it has hired Yarden Malka as the company's new COO. He replaces Eilam Avinary, who had been with Optimove for the past seven years including the past year as COO. Yarden Malka joins Optimove after serving as VP Engineering for financial services focused predictive analytics software…

July 20, 2018 BY Valentina Kirilova

B21 partners with Flexepin to allow crypto investing with cash

B21, the personal wealth manager for crypto assets, has just announced a partnership with Flexepin to allow users throughout the UK, Australia, Canada and regions in Europe, to fund their B21 investment accounts with cash. Flexepin is a cash voucher available for purchase at thousands of retail locations across Australia and Canada, with thousands more…

July 20, 2018 BY Valentina Kirilova

Itiviti partners with Syspower of Taiwan

Itiviti, the global provider of multi-asset trading technology and financial infrastructure, has announced a new alliance with Syspower, a Taiwanese provider of trading solutions. The partnership will allow Syspower to scale up its existing network with the 700+ brokers accessible through Itiviti’s NYFIX network, paving the way for international outreach. Syspower already benefits from a…

July 20, 2018 BY Mariela Naydenova

Wethaq - the first Islamic capital platform based on blockchain

Wethaq will be the very first Islamic capital blockchain platform to be created. The innovation will be brought to life by Arabian Chain Technology, blockchain disruptor that has already signed as a partner Curiositas. The platform will be developed based on the blockchain technology to cater to the Islamic capital markets with the help of…

July 19, 2018 BY LeapRate Staff

Illegal binary options trading nets Intrade and TEN a $3 million fine

The U.S. Commodity Futures Trading Commission (CFTC) has announced that on July 5, 2018, Senior Judge Royce C. Lamberth of the U.S. District Court for the District of Columbia issued an Opinion and Order against defendants Intrade The Prediction Market Limited and Trade Exchange Network Limited (TEN), Irish companies based in Dublin, Ireland, requiring them to pay, jointly and…

July 19, 2018 BY LeapRate Staff

Estonian FX broker Tallinex to pay $10M in restitution and $681K penalty

The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge David Nuffer of the U.S. District Court for the District of Utah entered an Order for Final Judgment by Default against Tallinex Ltd., an Estonian company that was licensed to do business in St. Vincent and the Grenadines. The Default Order requires Tallinex to pay…

July 19, 2018 BY Valentina Kirilova

NSSC issues a cease trade order against Ocean Links Investments

The Nova Scotia Securities Commission (NSSC) announced that it has issued a cease trade order against Ocean Links Investments Inc. The company, a Nova Scotia community economic development corporation, violated securities laws by failing to file continuous disclosure documents. The director of corporate finance ordered Ocean Links Investments Inc. to comply with Nova Scotia securities…

July 19, 2018 BY Valentina Kirilova

New Zealand FMA warns against MBI International or MFC Club

The Financial Markets Authority (FMA) has just issued a warning against a company called MBI International and/or MFC Club. Reason for warning: The FMA informed that it is concerned that a Malaysian based loyalty scheme, MBI International also trading as MFC Club (MFC Club) is being promoted in New Zealand. The regulator has received reports…