The UK Financial Conduct Authority (FCA) has put out details of the cloned firm FastUKLoan. 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 scam…
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LeapRate Exclusive… LeapRate has learned that Estonia based Retail FX brokerage firm Admiral Markets Group AS has posted a nice 17% rise in Revenues for 2017, with the company bringing in €27.0 million (USD $31.6 million), versus €23.0 million in 2016. Most of the growth came in the second half of the year, with 2H-2018…
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The Autorité des marchés financiers (AMF) has informed the public that it has analysed nearly 800 French funds using a method based on fund return and market data, which enables more funds to be examined than was previously possible. This approach does not relieve the regulator of carrying out an in-depth individual analysis of the…
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The Dubai Gold and Commodities Exchange (DGCX) and its Central Counter Party (CCP) subsidiary, Dubai Commodities Clearing Corporation (DCCC), have announced that clearing members can now deliver eligible global securities as collateral. To underpin the expansion of the collateral basket, Standard Chartered Bank will provide Custody Management Services on this additional form of collateral and…
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LeapRate Exclusive... LeapRate has learned that former ADSS and Saxo Bank executive Jamieson Blake has left his new job with Basset & Gold after less than two months, joining interdealer broker Compagnie Financière Tradition as Business Development Manager. He will be based in London for the Swiss listed company. LeapRate had exclusively reported back in…
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Canadian securities regulator the British Columbia Securities Commission (BCSC) just announced that it has become aware of a suspicious entity, Capital Currency Trade (the Company), claiming to be an online Forex and cryptocurrency trading platform provider. BCSC has recently became aware of the Company and that it made an unsolicited offer to a British Columbia…
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The Financial Conduct Authority (FCA) has today issued a consultation paper on new guidance about the handling of certain regular premium payment protection insurance (PPI) complaints. In March 2017 the FCA has made rules in relation to the Supreme Court judgment in Plevin. That judgment and the rules say that a lenders failure to disclose…
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Banque Internationale à Luxembourg (BIL) has announced that it has decided to further strengthen its partnership with post-trade services provider Clearstream. Going forward, Clearstream, which is part of Deutsche Börse Group, will support the bank in streamlining its third-party fund processing activities. The scope of services includes order execution, settlement and asset servicing of both…
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Retail FX broker FXCM has announced that its volumes in June were down by 5% month-over-month, $202 billion versus $212 billion in May. We are expecting a (quiet) rebranding of FXCM in the coming weeks. FXCM incorporated the name of its parent company Leucadia into its logo a few months back. However Leucadia recently renamed itself Jefferies Financial…
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Cboe Global Markets, Inc. (Nasdaq: CBOE) has announced plans to establish a new venue in Amsterdam to ensure the company is well-positioned to continue to serve its customers across Europe from April 2019, after the UK’s planned exit from the European Union (EU). Cboe Europe has filed its application with the Dutch Authority for the…
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