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 Chemmi Holdings t/a Max CFD. Chemmi Holdings t/a Max CFD is not authorised by the FCA but has been targeting people in the UK and is…
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LeapRate Exclusive... If anyone had any doubt as to who was in charge and calling the shots at Retail FX broker FXCM Group, after FXCM had distanced itself from one-time controlling shareholder Global Brokerage Inc (OTCMKTS:GLBR), well those questions should be clearly answered now. As we have written and explained several times ever since Leucadia National Corp (NYSE:LUK)…
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After coming hard on cryptos, Korea has now changed its rigid position on regulation of cryptocurrencies. The Korean financial regulator came with a statement today that the government will support “normal transactions” of digital currencies, just only three weeks of banning trading through anonymous bank accounts. The statement was made by Choe Jeung-sik, the governor…
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Rosenthal Collins Group LLC (RCG®), an independent futures brokerage and clearing firm, today announced the promotions of Jason Manumaleuna to President and Richard Mackey to Deputy President. Manumaleuna had served as Executive Vice President & Chief Financial Officer (CFO), and Mackey was Executive Vice President, Strategic Initiatives. They have a combined 45-year history in the…
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Stox, the blockchain-powered prediction markets platform which raised $33 million in only 34 hours last year making its ICO the seventh-largest of 2017, has announced that it has launched its risk-free beta version, known as Sun Tzu in honor of the Chinese New Year. Stox was founded by invest.com co-founder Ophir Gertner. Niv Abramovich, CMO of Stox, appealed to…
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BNP Paribas Asset Management (BNPP AM) announced the appointment of Christophe Bonnefoux to the newly-created role of Chief Data Officer. Based in Paris, he joined on 22 January and reports to Fabrice Silberzan, BNPP AM’s Chief Operating Officer. In this role, Christophe Bonnefoux will be responsible for data management, including determining the strategic direction of…
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Finastra has unveiled a tailored Fusion Treasury solution for Russia and the CIS. The local language solution enhances customer experience in Russian speaking markets and demonstrates Finastra’s commitment to the regions. Boris Lipiainen, CTO, Retail Banking and TCM at Finastra said: We are seeing a profound evolution of the role of the treasury within banks…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm TSB Wealth Advisory. 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…
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LeapRate recently spoke with Dmitriy Petrenko, the founder of FXBackOffice, a newer entrant in providing CRM and office management solutions for brokers worldwide. Founded in 2016, the company has established a very strong customer base. FXBackOffice combines CRM, client admin, and partnership management all in one, and is compatible with both MetaTrader and cTrader, and…
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The Board of the Cyprus Securities and Exchange Commission (CySEC) has informed the public that, at the meeting held on 13th November 2017, it has decided to impose a total administrative fine of €138.000 to CIF ICFD Ltd for non compliance with several issues (see below). ICFD Ltd operates the iForex Retail FX brokerage brand.…
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