Retail forex broker FXCM Group, LLC announced that it has today launched an Effective Spread Widget. The widget shows the FXCM quoted spread for its top FX pairs, overlaid with the spread at which trades were filled (the Effective Spread), the difference being clearly displayed in a table key. FXCM launches a brand new tool…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Marc Hermann Wealth Management. 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…
Read moreAustralian regulator ASIC has just announced that it cancelled the registration of 117 approved self-managed superannuation fund (SMSF) auditors who did not lodge their annual statements. Notice of cancellation was sent to these auditors on 20 February 2018. On 10 November 2017, ASIC sent a final warning to 404 approved SMSF auditors with outstanding annual…
Read more
LeapRate Exclusive... LeapRate has learned that FCA regulated CFDs and spreadbetting broker Capital Index (UK) Limited, owned by author and self proclaimed Master Trader Greg Secker (pictured above), posted a net profit of £398,000 in 2017 although the company saw a decline in both Revenues and Client Funds held. Revenues for 2017 at the MT4 broker…
Read moreThe Autorité des marchés financiers (AMF) has just issued a public warning regarding the activities of the website https://epargne-eco.fr/, proposing savers to invest in various projects and pretending to be a crowdfunding advisor (CIP) – or about to be registered. The website https://epargne-eco.fr/ offers investors the opportunity to invest in different kind of projects as…
Read moreInternational derivatives broker Sucden Financial has appointed Darren Barker. He will be joining the company's FX team and helping to expand its institutional client base, selling the firm’s broad range of electronic and voice services. Barker has over 30 years of experience in FX and specialises in selling a full range of FX products to…
Read moreThe global clearing house LCH has just announced that it has begun clearing of non-deliverable interest rate swaps. Market participants are now able to clear this product denominated in Chinese Yuan, Korean Won and Indian Rupee. This is the first time that SwapClear has offered clearing of derivatives denominated in these currencies. Clearing for Chinese Yuan,…
Read moreLeapRate Exclusive... LeapRate has learned that Jamieson Blake, Head of Client Experience at the FCA regulated, London based arm of ADS Securities, has resigned from the company. Jamieson Blake had been a key part of the team which has helped Abu Dhabi based ADS Securities grow its business in the UK, especially among retail investors.…
Read moreCarats.io, the diamond backed token, has introduced a sophisticated algorithm to compare individual diamond grade and daily market conditions that will achieve the often elusive goal of objective and consistent pricing. Carats.io Diamond Pricing Algorithm (DPA) will price three million diamonds, all valued over one billion USD. The digitization achieves highly reliable accountability, stability, and…
Read moreThe Australian Securities and Investments Commission (ASIC) has announced that it cancelled the Australian Financial Services (AFS) license of NSW-based Mackellar Financial Services Pty Ltd (Mackellar). Mackellar's AFS license has been cancelled, following a suspension in October 2017, for continued failure to lodge financial statements and auditor's reports for a period of four years. Licensees…
Read more