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…
Read more
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…
Read more
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)…
Read more
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…
Read more
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…
Read more
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…
Read more
Global retail forex and multi-asset broker HotForex has announced enhancements to its mobile app. This follows a significant retouch one year ago which enabled access to the myHotForex client area, essentially allowing traders to deposit, withdraw and transfer trading funds on the go. Now, the HotForex Mobile Application boasts many more optimized features which make…
Read more
The XYO Network has announced the launch of the world’s first decentralized location-verification oracle network. The XYO Network’s ecosystem of crypto-location technologies combined with its protocols provide any location reliant markets with the ability to employ transactions dependent on time or location of delivery. While Bitcoin and other popular cryptocurrencies are seemingly taking over the…
Read more
JPMorgan Chase (NYSE: JPM) announced that its Board of Directors has elected Mellody Hobson, 48, a director of the company, effective tomorrow. Ms. Hobson will also join the boards of JPMorgan Chase Bank, N.A., Chase Bank USA, N.A. and JPMorgan Chase Holdings LLC. The company also announced today that Crandall C. Bowles, 70, has decided…
Read more
Travel money provider WeSwap informed that its peer-to-peer currency exchange platform can now be used in any currency, anywhere in the world – marking the latest launch in a series of 2018 rollouts that help travellers get the most out of their holiday money. As well as being able to swap into any of WeSwap’s existing…
Read more