Cyprus financial regulator CySEC has issued a circular to all licensed CIFs in the country, outlining the rules under which CIFs (mainly Forex, CFD and Binary Options brokers) can operate using third party affiliates. Over the past two years CySEC has fined or even suspended the licenses of certain brokers, due to actions taken by…
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The Market Misconduct Tribunal (MMT) today ordered the former chairman and chief executive officer of Greencool Technology Holdings Limited, Mr Gu Chujun, to disgorge $481,969,785 of profit from his market misconduct, Hong Kong SFC just announced. This is the largest disgorgement order amount ever imposed by the MMT to date. On 29 December 2016, the…
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Fintech mobile-app Trade Interceptor has announced the launch of live FX trading. The apps’ global user base will benefit from full front-to- back functionality of the app, right from account creation, charting and analysis to placing trades and funding & withdrawals. As was exclusively reported on LeapRate, FCA regulated retail forex and CFDs broker ThinkMarkets acquired…
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France financial regulator Autorité des Marchés Financiers (AMF) has announced that it is waiving the prohibition against Binary Options, Forex and CFDs broker 24option.com on providing services on French territory. 24option parent company Rodeler Limited, which is licensed by CySEC in Cyprus, received the France ban last August, after the AMF determined that 24option was providing…
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INTL FCStone Inc. (NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd’s Global Payments Division (GPD) has introduced Automated Clearing House (ACH) connectivity, significantly enhancing the Company’s solutions for high-volume, low-value cross-border payments. Low-value payments are the single largest driver of growth in GPD’s payments volumes, which are currently ~60% higher than at…
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TransferMoney Latvia, a cloud payment institutions, announced that has selected Accuity to streamline its account and payments screening processes. The move is to help better identify financial crime risk, highlight potential sanctions breaches and flag potentially high-risk customers. In addition to regulatory compliance, Accuity will also help TransferMoney boost its payment processing. By using Accuity’s…
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The following article was written by Adinah Brown, content manager at Leverate. While mobile adoption underwent an extraordinary uptick in recent years, for a long time mobile trading continued to lag behind. To the extent that in other interactive consumer industries such as e-commerce or the entertainment industry, the 50% threshold for mobile adoption was…
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Euronext just announced that the U.S. Commodity Futures Trading Commission (CFTC) has confirmed its non-objection for Euronext to grant direct trading access to U.S. participants on the CAC 40® Dividend Index Futures and the AEX® Dividend Index Futures. Effective 13 June 2017, Euronext participants and investors domiciled in the U.S. now have direct trading access…
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ASIC announced that has commenced civil penalty proceedings in the Federal Court of Australia in Melbourne against Patrick John Godfrey, former managing director of Banksia Securities Limited (In Liquidation). ASIC alleges that: Banksia’s financial reports for the financial years ending 30 June 2011 and 30 June 2012, and the half-year financial report for the half…
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The MetaTrader 5 trading platform has further expanded its presence in Turkey. This time, forex trading platform developer MetaQuotes announced that Turkish forex broker GCM Forex started offering the multi-asset platform to their traders. As GCM, we are glad to announce that we have launched MetaTrader 5 in a trading environment with changing trends and…
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