SFC fines
April 07, 2017 BY Valentina Kirilova

Westward International Ltd and Coucarin Holdings Ltd charged more than $1.77 million in CFTC binary options fraud action

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge James I. Cohn of the U.S. District Court for the Southern District of Florida entered final default judgments against Relief Defendants Westward International Ltd. and Coucarin Holdings Ltd., both of Deerfield Beach, Florida. The Default Judgment Orders, both entered on March 23, 2017, require Westward…

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April 07, 2017 BY Valentina Kirilova

Beta version of the mobile MetaTrader 5 Web platform now available

Forex trading platform developer MetaQuotes just announced that has developed the mobile version of the MetaTrader 5 Web. The web application is adapted for smartphones and allows trading Forex and on world exchanges from any mobile browser. Currently, the beta version provides the basic trading features: online quotes of financial instruments, the full set of…

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Crypto “bot” trading hurting market reputation and individual investors
April 06, 2017 BY Valentina Kirilova

Robo-advisors permeate Asian markets

Robo-advisors are gradually becoming more popular in Asia, especially among retail investors. While it will take some time, these advancements-and the technologies that underpin these platforms-are likely to seep into the institutional space in years to come. Wei-Shen Wong from Waters Technology speaks to several firms in the region to discuss how they’ve built out…

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xceptor data automation
April 06, 2017 BY Valentina Kirilova

Xceptor appoints Marco Sablone as Director of Sales following recent NY office opening

Xceptor, a provider of process automation and data management services for the financial sector, today announced the appointment of Marco Sablone as Director of Sales & Business Development for North America. Reporting directly to Andrew Kouloumbrides, Chief Executive Officer, Sablone will be working closely with existing clients and driving new business as part of the company’s…

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April 06, 2017 BY Valentina Kirilova

Spain’s Correos selects Paysafe to drive e-commerce payments

Paysafe’s NETELLER, Skrill and Rapid Transfer added as payment options on Correos’ e-commerce platform Comandia Spain’s state-owned postal company Correos announced that has chosen payments services company Paysafe Group Plc (LSE:PAYS) as a recommended payment provider for businesses using Comandia, its e-commerce platform. As part of the collaboration between the two companies, Paysafe’s Skrill Quick…

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April 06, 2017 BY LeapRate Staff

Spam? Scam? ...Shame

The following article was written by Jens Chrzanowski, Regional German Director at FCA regulated broker Admiral Markets UK. Hello! Chanel or Chanell? Gucci or Guci? The question of what is real or not is one that’s posed a ‘problem’ for fashion retailers and consumers for years. But, more recently, we’ve seen similar issues develop on…

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cysec license suspended
April 06, 2017 BY Valentina Kirilova

CySEC withdraws CIF license of CommexFx Ltd

After prolonging license suspensions and fines, the Cyprus Securities and Exchange Commission (CySEC) announces that, on its meeting of 25th July 2016, has decided to wholly withdraw the Cyprus Investment Firm authorisation with number CIF 153/11 of CommexFx Ltd, operating at www.commexfx.com. The reasons: The Company had not complied with section 28(1) of the Law…

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April 06, 2017 BY Valentina Kirilova

FCA warns against Matchpoint Finance PLC clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Matchpoint Finance PLC. 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…

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CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
April 06, 2017 BY Valentina Kirilova

CLS to extend payment netting service to all global currencies

In response to market demand, CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, just announced that will expand its proposed bilateral payment netting service – CLSNet – to support more than 140 currencies (coverage will include all currencies associated with jurisdictions not on an official black/grey or sanctions…

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