FCA warns against MBQ International Incorporated firm LeapRate

November 23, 2017 BY Valentina Kirilova

FCA warns against MBQ International Incorporated firm

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 firm MBQ International Incorporated. MBQ International Incorporated is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

IOSCO issues statement on liquidity risk management recommendations for investment funds

November 23, 2017 BY Valentina Kirilova

IOSCO Good Practices for the Termination of Investment Funds seek to protect investors

The Board of the International Organization of Securities Commissions (IOSCO) has today published 14 good practices on the voluntary termination of investment funds that seek to protect investors’ interests during the termination process. In its final report titled IOSCO Report on Good Practices for the Termination of Investment Funds, IOSCO highlights the importance for investment…

November 23, 2017 BY admin

ChartIQ integrates Trading Central on WebTrader for MT4

ChartIQ's WebTrader for MT4 and Trading Central's Featured Ideas have combined powers for forex brokers to enhance their MT4 integrations. Featured Ideas looks at user-defined preferences to scan price movement in real time and display up to ten ready-to-go trade ideas. ChartIQ's WebTrader for MT4 offers the industry's best UI/UX for forex trading and is…

November 23, 2017 BY Valentina Kirilova

InvestCloud announces Freetrade as the first startup in its UK innovation center

InvestCloud Inc., a global FinTech firm, has announced UK startup Freetrade as the first firm to enter its UK Innovation Center. Freetrade is using the space to bring its app-only stockbroker to market. Founded by former KPMG accountant Adam Dodds with Co-Founder André Mohamed, Freetrade is democratising investing. It offers zero commissions on basic accounts…

November 23, 2017 BY Valentina Kirilova

French AMF appoints Moad Fahmi as Director of Fintech and Innovation

The Autorité des marchés financiers (AMF) has just announced the appointment of Moad Fahmi to the new position of Director, Fintech and Innovation. This new function will foster the collaboration that is essential to developing Québec's fintech ecosystem," said Louis Morisset, AMF President and Chief Executive Officer. "It is good news for our Fintech Working…

November 23, 2017 BY LeapRate Staff

Exclusive: Former City Index COO Simon Bird joins Ikon Finance ahead of institutional FX relaunch

LeapRate Exclusive... LeapRate has learned that Simon Bird, who was COO of spreadbetting broker City Index for six years ahead of City Index's 2015 acquisition by Gain Capital Holdings Inc (NYSE:GCAP), is "back in the game" joining the board of Ikon Finance Limited, the FCA regulated arm of the global Ikon Group, once one of the…

November 23, 2017 BY Valentina Kirilova

Ebury opens office in Brussels, second in Benelux

Ebury, a fintech for corporate global transaction services, has announced the opening of a second office in the Benelux region. Following the success of Ebury’s office in The Netherlands, Ebury is expanding its regional growth and has chosen Brussels as a second location in the region. The new office is located in the city centre…

November 23, 2017 BY Valentina Kirilova

CySEC to suspend its Fast Track Examination CIF licensing scheme

The Cyprus Securities and Exchange Commission (CySEC) has just informed that it decided to suspend the ‘fast track’ examination scheme (the ‘Scheme’) for the assessment of applications for granting a Cyprus Investment Firm authorisation in accordance with Section 21 of the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). The CySEC…

November 23, 2017 BY Valentina Kirilova

Hong Kong SFC fines a former account executive of Fulbright Securities Ltd and bans him for life

The Securities and Futures Commission (SFC) has banned Mr Danny Fung Kwong Shing, a former account executive of Fulbright Securities Limited (Fulbright Securities), from re-entering the industry for life and fined him $542,071. The disciplinary action follows an SFC investigation which found that between January 2013 and May 2014, Fung had: conducted 772 unauthorized transactions…

Cryptocurrencies and real estate now added to Swissquote's Robo-Advisor

November 23, 2017 BY Valentina Kirilova

Swissquote launches first actively managed Bitcoin Certificate traded on SIX Swiss Exchange

Gland, Switzerland based online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) announced that it has today launched the first actively managed Bitcoin certificate. It allows mainstream investors to participate in the cryptocurrency’s boom through a traditional financial vehicle publicly traded on the SIX Swiss Exchange. By buying Bitcoins certificates at a regulated exchange,…