FCA to give more small businesses access to the Financial Ombudsman Service LeapRate

January 22, 2018 BY Valentina Kirilova

FCA to give more small businesses access to the Financial Ombudsman Service

The Financial Conduct Authority (FCA) has today launched a consultation on plans to give more small businesses access to the Financial Ombudsman Service (the Ombudsman). This follows a review of the protections available to small and medium sized enterprises (SMEs) as users of financial services. At the moment only individual consumers and around 5.5 million…

January 22, 2018 BY Valentina Kirilova

Hong Kong SFC bans a former investment counsellor of DBS Bank

The Securities and Futures Commission (SFC) announced that it has banned Mr Chan Wai Nun, a former investment counsellor of DBS Bank (Hong Kong) Limited (DBSHK), from re-entering the industry for six months from 19 January 2018 to 18 July 2018 for transferring client data out of DBSHK prior to his departure from DBSHK to…

January 22, 2018 BY Valentina Kirilova

Canadian regulator NSSC introduces new Investor Alert Database

The Nova Scotia Securities Commission (NSSC) informed that it is making it easier for investors to find out if those “latest and greatest” investment opportunities are potentially scams. The commission has a new Investor Alert Database on its website. Investor alerts are published by the Commission to warn of unlawful investment raising schemes that the…

January 22, 2018 BY Valentina Kirilova

Jyske Bank selects Barracuda for FX order management

Barracuda FX, the specialist provider of FX Order Management technology, today announced the signing of a new contract with Jyske Bank, the major Danish FX trading institution. Jyske Bank embarked on a project in 2017 to streamline their FX operations in order to make them more efficient. A detailed analysis of the Barracuda platform established…

January 22, 2018 BY Valentina Kirilova

CFTC charges CabbageTech Corp. (Coin Drop Markets) for fraudulent virtual currency scheme

The Commodity Futures Trading Commission (CFTC) nformed that it has filed a federal civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Patrick K. McDonnell, of Staten Island, New York, and CabbageTech, Corp. d/b/a Coin Drop Markets (CDM), a New York corporation, charging them with fraud and…

January 22, 2018 BY Valentina Kirilova

FCA warns against EJS Gesrion D’actifs / EJS Placements Financiers clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm EJS Gesrion D’actifs / EJS Placements Financiers. 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…

æternity releases a live version of its blockchain platform

January 22, 2018 BY Valentina Kirilova

BTL Interbit Blockchain platform to drive next phase of energy trading systems

BTL Group Ltd. (TSX Venture: BTL) has provided further information on the next phase of its previously announced European energy trading project, under which four oil and gas supermajors and five energy traders including Eni Trading & Shipping, Total, Gazprom Marketing & Trading Limited, Mercuria, Vattenfall, Petroineos and Freepoint, propose to participate in using BTL’s…

January 22, 2018 BY Valentina Kirilova

TAIFEX adds GBP and AUD futures to FX product portfolio

The Taiwan Futures Exchange (TAIFEX) announced that it has just launched two new FX futures contracts – GBP/USD Futures and AUD/USD Futures. The addition of the two new futures contracts is the next step in TAIFEX’ strategy to rapidly expand its FX product line, which it began building in 2015 with the introduction of RMB…

January 21, 2018 BY LeapRate Staff

UFX.com Weekly Trading Review: U.S. Government and Wall Street Cause Stir in the Financial World

Your Weekly Trading Review by UFX.com – Sunday, January 21st, 2018 Here are some of this past week’s leading economic news and events that affected the financial markets: The EUR/USD fell by 0.13%, closing the week at $1.2222. The GBP/USD decreased by 0.26%, ending the week at a £1.3858 exchange rate. Gold went up by 0.44% as…

January 21, 2018 BY LeapRate Staff

FX Industry Week Review: FBI binary options raid, IronFX's $100M investor, ESMA CFD and crypto leverage, and lots more…

In Forex Industry News this week... Which Binary Options platform provider in Israel had its offices raided by the FBI? Who was revealed as the $100 million investor in Retail FX broker IronFX? How did ESMA's updated proposals to regulate leveraged CFD trading differ from its initial statement last month? And, what did ESMA have…