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 Savoy Asset Management. Savoy Asset Management is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read more
The following article was written by Brandon Russell, CEO of Etana Custody. Today traders find an overwhelming variety of Account funding options offered by forex brokers. The deposit options proposed by the broker depend on their clients personal preferences, location etc., with the most popular ones being Credit Card deposits, Bank wire transfer or by…
Read more
Based on recent research, ASIC reported that prospectuses are important for investors in considering an investment in an IPO but there is scope for improvement in the usability and credibility of these documents. ASIC announced that aims to support confidence in the capital markets by proactively regulating IPOs. To ensure that ASIC is regulating IPOs…
Read more
LeapRate Exclusive... LeapRate has learned that Switzerland based Retail FX brokerage firm Dukascopy has seen a further decrease in business activity in the first half of 2017, following what was a fairly disappointing year in 2016. In the first six months of 2017, Dukascopy reported Revenues of CHF 14.3 million (USD $15 million) - 6%…
Read more
Bats Europe, a CBOE Holdings, Inc. (NASDAQ:CBOE), company has today announced it received approval from the UK’s Financial Conduct Authority (FCA) on 24 August 2017 to operate its trade reporting facility as an Approved Publication Arrangement (APA) under MiFID II, with effect from 3 January 2018. The TDM, which is one of Bats’ BXTR suite…
Read more
After reporting FY2017 net profit of S$339.7 million (S$349.0 million) several days ago, the Singapore Exchange (SGX) announced that Mr Lim Chin Hu will cease to be a member of its Listings Advisory Committee (LAC) with effect from 20 September 2017. Mr Lim will be standing for election to be appointed as a non-executive and…
Read more
The Hong Kong Securities and Futures Commission (SFC) announced that has issued restriction notices to Caitong International Securities Co., Ltd, Pacific Foundation Securities Limited and Yuanta Securities (Hong Kong) Company Limited (the brokers), prohibiting them from dealing with or processing certain assets held in client accounts which are related to suspected market manipulation in the…
Read more
The following article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). Hurricane Harvey has taken its toll on the oil prices. It is said that Texas – Louisiana borders has been hit by the strongest storm in more than five hundred years. Heavy floods caused…
Read more
CySEC regulated Retail and CFD brokerage group AAATrade has announced the launch of six cryptocurrency pairs, further broadening its choice of trading instruments. Bitcoin, Ethereum, Litecoin and Dash are now tradable against the dollar and there are also two cross pairs, Ethereum/bitcoin and Litecoin/bitcoin. The increasing popularity of bitcoin and other crypto trading among traders…
Read more
LeapRate Exclusive... LeapRate has learned from court documents that about two weeks ago a US judge in Illinois entered a $22.9 judgement in favor of several plaintiffs which had sued Retail Forex broker IKON Global Markets for fraud, as well as its former principals Diwakar Jagganath, Ioannis Litinas and George Daskaleas. IKON Global Markets was…
Read more