Riyad Bank launches Saudi Arabia’s first contactless payment bracelets LeapRate

March 12, 2018 BY Valentina Kirilova

Riyad Bank launches Saudi Arabia’s first contactless payment bracelets

Riyad Bank, one of the largest financial institutions in Saudi Arabia, has just announced that it is launching the country's first ever range of contactless payment wristbands, using the Gemalto digital security solution. Fitted with Gemalto's contactless MiniTag, the bracelets are linked to the user's existing debit or credit account and offer the freedom to make…

Dukascopy Bank announces live testing of crypto-funding functionality

March 12, 2018 BY Valentina Kirilova

Dukascopy launches CFDs on cryptocurrencies trading

BTC/USD launched for trading on DEMO Geneva based Retail FX broker Dukascopy just announced that it has expanded the range of instruments with a new asset type: CFDs on cryptocurrencies. Bitcoin to US Dollar (BTC/USD) with leverage 1:3 have been added on DEMO environment in response to many trader requests. Live environment will follow soon.…

March 12, 2018 BY LeapRate Staff

Saxo Bank hires Commonwealth Bank's Vivienne Yu as CEO of Greater China

Copenhagen based multi asset broker Saxo Bank has announced the appointment of Vivienne Yu as CEO of Greater China, to further grow Saxo Bank’s retail and wholesale business in the strategically important region. As CEO of Greater China, Vivienne will assume overall responsibility for expanding Saxo Bank’s services and customer base and drive strategic business…

March 12, 2018 BY LeapRate Staff

Raphael Ribeaucourt joins FAM Clearing from PrimeXM as VP Institutional Sales

FAM Clearing, LLC., a joint venture between Advanced Markets Ltd, a wholesale provider of FX liquidity, technology, and credit solutions to banks and brokers and Fortex, Inc., a leading FX ECN trading platform, has announced the appointment of Raphael Ribeaucourt as a Vice President of Institutional Sales. Raphael joins FAM Clearing from PrimeXM where he spent eight…

March 11, 2018 BY LeapRate Staff

UFX.com Weekly Trading Review: Closer EU Integration, Trump Tariff Exemptions

Your Weekly Trading Review by UFX.com – Sunday, March 11, 2018 Here are some of this past week’s leading economic news and events that affected the financial markets: The Markets in a Nutshell US Stocks ended the week on top: S&P 500 rose by 1.74%, closing at a value of 2,786.57; NASDAQ rose by 1.79%, ending at…

March 11, 2018 BY LeapRate Staff

FX Industry Week Review: China FX broker warnings, LCG goes private, Playtech ownership change, and lots more…

What warnings are Chinese authorities now posting for foreign Retail FX brokers operating in the country? Who is taking London Capital Group private? Who has replaced Teddy Sagi as Playtech's largest shareholder? Why did Exness inject $2 million into its FCA regulated UK sub? What FX sector executive moves were made involving Pepperstone, Saxo Bank, IG…

March 09, 2018 BY Valentina Kirilova

FCA warns against Jupiter Loans clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Jupiter 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…

March 09, 2018 BY Valentina Kirilova

SEC bars penny stock executive for exploiting investors

The Securities and Exchange Commission (SEC) announced that it has barred the president of a penny stock company from ever again serving as a public company officer or director after he was caught making false and misleading statements about the company to investors in an effort to increase demand for the stock. The SEC confronted…

March 09, 2018 BY Valentina Kirilova

New York State Department of Financial Services and the Bank of Israel sign MoU

Financial Services Superintendent Maria T. Vullo and the Supervisor of Banks at the Bank of Israel, Dr. Hedva Ber, have just announced that they have signed an agreement of understanding (MoU) and cooperation between the two authorities. The Governor of the Bank of Israel, Dr. Karnit Flug, approved the signing of the document. The memorandum…

March 09, 2018 BY Valentina Kirilova

NSSC warns against cryptobank Bitcoin Bank/Bitcoin-bank.io

The Nova Scotia Securities Commission (NSSC) has made an announcement today, alerting Nova Scotians that Bitcoin Bank/Bitcoin-bank.io is not registered to sell securities in Nova Scotia. Bitcoin Bank claims to be a cryptobank that provides financial and investment services. It is soliciting investments in its BTCB coin that it claims to trade on crypto, Forex,…