ASIC announced that has banned Christopher Robert Con Foo (also known as Christopher Robert Confoo) from engaging in credit activities and providing financial services for a period of seven years. Mr Con Foo, a former finance business manager, arranged car finance and insurance for customers buying vehicles from South Yarra BMW, a car dealership operated…
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It was one of those weeks in Forex Industry News where things were 'all over the place'. We saw senior executive moves at ADS Securities, ArgusFX, and of course FXCM parent Global Brokerage Inc, which finally replaced CEO Drew Niv. There were regulatory actions. And, the arrest of the owner of a Binary Options brokerage…
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VeChain will become a portfolio company of PwC’s incubation program to accelerate blockchain adoption in Hong Kong and Southeast Asia.
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Hana Rado, a well-known senior business executive in Israel and Vice Chair of the Israel office of global advertising agency McCann Erickson, is apparently finalizing plans to admit to charges of insider trading in shares of Compugen Ltd. (USA) (NASDAQ:CGEN). Rado will apparently plead guilty to charges that she bought NIS 50,000 (about USD $14,000)…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that EZTrader founder and long-time CEO Shimon Citron has resigned from the company's publicly traded parent EZTD Inc (OTCMKTS:EZTD), following a several months long dispute with some of the company's board members and investors. Pursuant to the company’s bylaws, due to Mr. Citron’s resignation the entire Board…
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Bats, a CBOE Holdings, Inc. (NASDAQ:CBOE) company today welcomed a new J.P. Morgan Asset Management fund to the Bats ETF Marketplace. The J.P. Morgan Ultra-Short Income ETF (Bats: JPST) seeks to achieve its investment objective by primarily investing in investment grade, U.S. dollar denominated short-term fixed, variable and floating rate debt. As part of its…
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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 Izumi Ventures. Izumi Ventures is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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The Wall Street Journal announced that is bringing to life the daily drama of the U.S. stock market through a new WSJ Augmented Reality experience built with Tango. WSJ AR projects a holographic 3D view of the live U.S. stock market onto the real world, offering a new way to see how every stock is…
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The following article was written by Jens Chrzanowski, Member of the Management Board of Admiral Markets Group AS. Hello, Today, I’d like to focus on something that beginners often overlook, but experienced traders know the importance of: Order Execution Quality. The first things that new traders take into consideration are spreads and commissions. This is…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated FX liquidity and technology solutions provider Finotec has reported Revenues of £1.26 million and Net Profit of £211,000 in 2016. While an improvement over 2015 (Revenues £1.1 million, Net Loss £158,000), activity remained very slow in 2016 at one of the original players in Retail Forex. Finotec…
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