IS Prime’s Will Robbins on FX liquidity, China’s Forex crackdown, ESMA’s leverage cap and more LeapRate

April 10, 2018 BY LeapRate Staff

IS Prime's Will Robbins on FX liquidity, China's Forex crackdown, ESMA's leverage cap and more

LeapRate Exclusive Interview... One of the more interesting companies to step up lately in the FX liquidity and Prime Broker services business is IS Prime. From acquiring the assets of risk management services provider ThinkLiquidity to tripling its Revenues to more than $21 million last year to adding people (especially in the Far East), IS…

April 10, 2018 BY Valentina Kirilova

FCA warns against International Securities Limited t/a Brokers Station firm

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 International Securities Limited t/a Brokers Station. International Securities Limited t/a Brokers Station is not authorised by the FCA but has been targeting people in the UK…

April 10, 2018 BY Valentina Kirilova

Quantitative Brokers hires Bloomberg Tradebook exec Deepak Begari as CTO

Quantitative Brokers (QB), an independent provider of advanced algorithms and data-driven analytics to clients in the Futures and US Cash Treasury markets, has announced that Deepak Begari has joined as Chief Technology Officer and as a member of QB’s Executive Committee. With more than 11 years of experience in electronic trading and a primary focus…

April 10, 2018 BY Valentina Kirilova

OSC establishes first permanent mediation program by a Canadian securities regulator

The Ontario Securities Commission (OSC) has announced that its Mediation Program, which began as a pilot in 2015, will continue on a permanent basis. It is the first and only program of its type offered by a securities regulator in Canada. The Mediation Program provides respondents who are represented by counsel and enforcement staff involved…

April 10, 2018 BY Valentina Kirilova

Paysafe appoints Stuart C. Harvey Jr. as non-executive Chairman

Payments services company Paysafe Group Plc (LON:PAYS) has announced the appointment of Stuart C. Harvey, Jr. as non-executive Chairman of its Board of Directors. The appointment takes immediate effect. Harvey has a proven track record of driving growth in multiple global companies over a 30+ year career with demonstrated expertise in the capital markets, payments…

April 10, 2018 BY Valentina Kirilova

FXTM launches MT5 Pro account for advanced traders

CySEC, Belize and South Africa licensed Retail FX broker Forextime, which also goes by the shortened moniker FXTM, has announced the launch of a brand-new trading account - the MT5 Pro account. Some of the trading conditions on the MT5 Pro include: No commissions Flexible floating Leverage from 1:25 to 1:200 Spreads on EURUSD averaging…

April 10, 2018 BY Valentina Kirilova

Hong Kong SFC charges Fujikon and its senior executives

The Hong Kong Securities and Futures Commission (SFC) has just announced that it commenced proceedings in the Market Misconduct Tribunal (MMT) against Fujikon Industrial Holdings Limited (Fujikon) for failing to disclose inside information as soon as reasonably practicable on the discontinuance of headphone production for one of the company’s top customers. The SFC has also…

April 10, 2018 BY Valentina Kirilova

FCA warns against Funding Circle Loans clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Funding Circle Loans. 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…

April 10, 2018 BY Valentina Kirilova

Moscow Exchange and Kazakhstan Stock Exchange announce strategic cooperation

The Moscow Exchange (MOEX) has announced that it has signed a letter of intent (LoI) on strategic cooperation with Kazakhstan Stock Exchange (KASE). The LoI was signed by Alina Aldambergen, CEO of Kazakhstan Stock Exchange, and Alexander Afanasiev, CEO of Moscow Exchange, at the annual Moscow Exchange Forum in Moscow. The agreement is designed to…

April 10, 2018 BY Valentina Kirilova

ASIC charges South Australian day trader for market manipulation

ASIC has announced today that Stefan Mark Boitcheff of South Australia, has been convicted and sentenced after pleading guilty to two market manipulation-related charges in the District Court of South Australia. Mr Boitcheff was last week sentenced to one year and nine months imprisonment, with an order that he be released immediately upon entering into…