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 Meridian Financial Group. Meridian Financial Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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QuantHouse, the independent global provider of end-to-end high-performance market data and trading through API-based technologies, has announced that it has reported strong double-digit revenue growth since its 2017 buyback from S&P. Throughout 2017, QuantHouse has launched many strategic initiatives to accelerate growth: MiFID II initiatives: the launch of an algo-trading stress testing solution; a UTC…
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Swiss stock exchange operator SIX Group announced that it has achieved a solid annual result in a challenging environment. Through strategic investments and acquisitions, primarily to strengthen its market position in payment transactions, and through strategic and organizational adjustments, SIX created the conditions during 2017 to ensure its long-term competitiveness. SIX generated an annual result of…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Soft 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 to…
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The Financial Conduct Authority (FCA) announced that it has today published its Approach to Supervision and its Approach to Enforcement. When the FCA launched its Mission, it committed to publishing a series of documents that would explain its approach to regulation in more depth. These articulate how the FCA carries out its main activities, aiming…
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Retail FX and CFD broker Plus500 Ltd (LON:PLUS) has just released its annual report for 2017. For the full year 2017, Plus500 brought in $437.2 million in Revenues and earned Net Profit of $199.7 million, both best-ever results for the Forex and CFDs broker. The highlights for 2017 at Plus500 can be seen below: Financial…
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Qatar Stock Exchange has admitted to trading the Al Rayan Qatar ETF under the symbol “QATR”. To mark the launch of the ETF, the exchange today welcomed the fund’s founder, Masraf Al Rayan, and fund manager, Al Rayan Investment, to open trading in Doha. The Fund will track the QE Al Rayan Islamic Index (Price)…
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The Securities Commission Malaysia (SC) has issued a warning to investors over the increase use of blogs, forums and social media platforms to spread false and misleading information on certain companies in order to perpetrate ‘pump and dump’ schemes. Perpetrators would accumulate shares at lower prices before posting positive sentiments about the companies, with the…
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The Hong Kong Securities and Futures Commission (SFC) announced that it has reprimanded and fined UBS Securities Asia Limited (UBS Securities) $4.5 million for failing to put in place effective controls to record transactions and client consents in relation to its facilitation trading activities. In the course of an SFC inspection in 2016 and a…
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LeapRate Exclusive... LeapRate has learned that Japanese online and FX trading giant GMO Financial Holdings (TYO:7177) has invested an additional £2 million (USD $2.8 million) of capital into its FCA regulated UK subsidiary, GMO-Z.com Trade UK Limited, which operates the Z.com Trade brand. GMO is the world's largest Retail FX broker, mainly based on its leading…
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