Forex brokerage solutions provider MahiFX has just issued a warning notice regarding a cloned Chinese website. Fraudsters are using false details or mix these with some correct details of the registered firm MahiFX. The scammers operate via the website https://www.mahi-fx.com/. A MahiFX spokesperson commented on the news: We are deeply concerned that our trading platform…
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Investment technology provider Eze Software has just announced its strategic collaboration with NEX Regulatory Reporting, a business area within NEX Group plc. As an Approved Publication Arrangement (APA) provider, NEX Regulatory Reporting supports clients in their MiFID II obligation to publish pre- and post-trade data and reports as soon as possible after execution. The collaboration…
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Switzerland based Saga Foundation has just announced its mission to create Saga (SGA), the first non-anonymous blockchain-based digital currency. The currency is designed with a tamed volatility mechanism. These characteristics can set the ground for the currency to become a store of value and a medium of exchange. Saga is designed to address legitimate concerns…
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FashionTV, the international fashion and lifestyle broadcasting station, has announced its debut in the blockchain space. FashionTV’s decentralized platform will empower up-and-coming models with new ways of breaking into the trade and will eliminate the need for intermediaries, such as talent agencies, that currently hold much of the industry’s power. FashionTV’s new FTV Coin Deluxe…
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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 SW1 Options. SW1 Options is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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ASIC has informed the public that it has suspended the Australian financial services (AFS) license of WA-based Red Summit Trading Partners Pty Ltd (Red Summit) from 7 March 2018. ASIC found that, due to various staffing changes, Red Summit is not currently carrying on a financial services business. As a license variation application is pending,…
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After reporting record Revenues for the first half of Fiscal 2018 (the company has a May 31 year-end), UK online trading leader IG Group Holdings plc (LON:IGG) has gone one better in Q3 (quarter ended February 28, 2018), reporting best-ever Revenue of £152.9 million. IG's previous best ever quarter was Q1-2018, when Revenues hit £135.2 million.…
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Euronext, the pan-European exchange in the Eurozone, has announced that the Supervisory Board has approved unanimously the following appointments: Paul Humphrey, Head of Fixed Income, Rates and FX (FICC), is appointed in addition to his current position and subject to regulatory approvals, interim CEO of Euronext London, interim Head of Global Sales, and interim member…
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Following our exclusive report from earlier this month revealing that FCA regulated Retail FX, CFDs and spreadbetting broker London Capital Group is going to be taken private by CEO Charles-Henri Sabet, the company has announced that a shareholders meeting was held yesterday and that the proposed transaction (see more details below) was approved as planned. The going-private…
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Leading social trading and investment platform eToro has announced a Series E fundraising of $100 million to support its expansion into new markets as well as its continued research and development of blockchain technology and the digitisation of assets. Led by China Minsheng Financial, the round of funding was participated in by SBI Group, Korea…
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