Village Capital goes live on Ullink’s XTrain to streamline post-trade processing LeapRate

June 19, 2017 BY Valentina Kirilova

Village Capital goes live on Ullink’s XTrain to streamline post-trade processing

Singapore-based Hedge Fund becomes early adopter of ULLINK’s new portfolio and performance management tool ULLINK, a global provider of electronic trading and connectivity solutions to the financial community, announced the successful go-live of Village Capital with ULLINK’s new post-trade solution, XTRAIN. The solution extends Village Capital’s use of ULLINK’s buy-side Execution Management System (EMS), XILIX,…

June 19, 2017 BY Valentina Kirilova

Australia ACCC warns of phishing scams targeting consumers

The Australia Competition and Consumer Commission (ACCC) just warned people to stay alert to ‘phishing’ scammers pretending to be from well-known businesses and government departments trying to con unsuspecting victims out of their personal information and money. So far in 2017, the ACCC’s Scamwatch has received more than 11,000 reports of this scam, with nearly…

June 18, 2017 BY LeapRate Staff

FCA and PSR Chairman John Griffith-Jones to resign

John Griffith-Jones, Chairman of UK financial regulator the Financial Conduct Authority (FCA) as well as of the spun-out payment systems regulator the Payment Systems Regulator (PSR), has announced that he will leave both organisations at the end of his term of office, on March 31, 2018. No replacement for Mr. Griffith-Jones has yet been named. HM Treasury…

June 18, 2017 BY Valentina Kirilova

FCA warns against MRTmarkets.com

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 website MRTmarkets.com. Italy regulator CONSOB, New Zealand’s FMA, French AMF, and CySEC have already warned against this website. MRTmarkets.com is not authorised by the FCA but has…

June 18, 2017 BY LeapRate Staff

Forex Industry Week Review: Betfred launches FX broker TradeFred, Israel Binary Options law, and lots more…

It was very much a week of new beginnings in Forex Industry News, with the key stories appearing exclusively at LeapRate: Betfred into getting the Retail FX business by launching TradeFred, FxPro launching spread betting, and Saxo Bank expanding its Australia footprint in a deal with leading online equities broker OpenMarkets. See below for more…

June 17, 2017 BY Valentina Kirilova

FCA warns against Aequitas Financial LLP 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 Aequitas Financial LLP. Aequitas Financial LLP is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

June 17, 2017 BY LeapRate Staff

The importance of KYC and AML procedures for financial institutions

The following article was written by Brandon Russell, CEO of Etana Custody. In the modern globalized world money launderers and other criminal elements have come up with plenty of resourceful ways to cover their tracks. It is a common practice among such groups to use the everyday activities of legitimate entities such as banks, credit…

June 16, 2017 BY Valentina Kirilova

FCA warns against Funds Point clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Funds Point. 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 to…

June 16, 2017 BY Valentina Kirilova

ASIC welcomes the dawn of a new regulatory era

The Australian Securities and Investments Commission (ASIC) announced that has welcomed the passage of legislation enabling a more secure and accountable funding of the model for regulation of the Australian corporate sector. Effective from 1 July 2017, ASIC’s regulatory costs will be recovered from all industry sectors regulated by ASIC through annual levies. ASIC Chairman…

June 16, 2017 BY Valentina Kirilova

FCA warns against HBFX Markets Limited 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 HBFX Markets Limited. HBFX Markets Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…