May 15, 2017 BY Valentina Kirilova

CommexFX client ICF compensation process paper issued by CySEC

Pursuant to the Cyprus Securities and Exchange Commission (CySEC)'s announcement, the Investor Compensation Fund for IF Clients (ICF) shared the commencement of the compensation payment process by the ICF to the covered clients of CommexFX Ltd. The address of CommexFX, whose authorisation has been suspended since July 2016, was at 4 Profiti Ilia street, Kanika…

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asic charges
May 15, 2017 BY Valentina Kirilova

Former Jacqalex Pty Ltd director jailed for dishonesty

Mr Gavin Keith Hyland has been convicted in the Brisbane District Court on two counts of dishonestly using his position to misappropriate investor funds. In relation to the first count, Mr Hyland was sentenced to two years imprisonment and one year imprisonment for the second count. The sentences are to be served concurrently, ASIC shared…

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ADS Securities management
May 15, 2017 BY LeapRate Staff

FX Executive Moves: Nidal Abdelhadi joins ADS Securities from Advanced Markets as Head of Institutional Sales

LeapRate has learned that experienced Forex industry executive Nidal Abdelhadi has joined Abu Dhabi based FX brokerage house ADS Securities as its new Head of Global Institutional Sales. A native of Jordan, Mr. Abdelhadi began his FX career with Jordanian-owned but Swiss-based MIG Bank, spending 10 years at MIG moving up the ranks from regional…

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May 15, 2017 BY Valentina Kirilova

Rakuten becomes first Japan forex broker to launch Tradency’s RoboX FX robot trading platform

Japan retail forex broker Rakuten, Inc. (TYO:4755) and financial technology provider Tradency today announced that the two companies have collaborated to launch the RoboX service. As a result of this newly formed partnership, the RoboX service will become available to Rakuten Securities, retail forex traders. Rakuten will become the first broker offering this service in…

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May 15, 2017 BY Valentina Kirilova

SGX welcomes Waterland Futures as Derivatives Trading Member

Singapore Exchange (SGX) announced that Waterland Futures Company Limited (WLF) has become a Trading Member in its derivatives market. Established in 1993, Taipei-based WLF focuses on three main areas in futures and options – brokerage, advisory services, and proprietary trading. Its largest shareholder is Waterland Securities Company Limited. Janice Kan, Senior Vice President for Derivatives…

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