UK financial regulator The FCA issued today its 2017 Mission Statement and Business Plan, plus its Sector Views which highlight the issues and developments the FCA sees in the sectors it regulates. While there seems to be a lot new now at the FCA - including a quietly unveiled new-look website and logo (see at…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loans Factor. 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…
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KCG Holdings, Inc. (NYSE: KCG) today released trade volumes for the month of March 2017. In Market Making, KCG averaged $26.3 billion dollar volume traded (slightly down from February's $28.0 billion), 10.4 billion shares traded, and 3.3 million trades per day in U.S. equities. In Global Execution Services: KCG Institutional Equities averaged 206.0 million U.S.…
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Gallant Capital Markets Ltd, the British Virgin Islands incorporated parent company of retail forex broker GCMFX, has announced on its website gcmfx.com that it has filed for bankruptcy via a voluntary petition under Chapter 11 of the United States Bankruptcy Code, with the United States Bankruptcy Court for the Eastern District of New York. GCMFX…
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It was a holiday shortened week of Forex Industry News, but not too short for a number of important issues and topics you read about only at LeapRate: Which Forex company is the latest recipient of a CySEC CIF license? Which leading broker had its best ever volumes month? Which European central bank took a large…
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The U.S. Securities and Exchange Commission has announced an emergency court order to freeze assets in two brokerage accounts used last week to reap more than $1 million in alleged insider trading profits in connection with a merger announcement by telecommunications companies. According to the SEC’s complaint filed in U.S. District Court for the Southern…
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The financial regulatory environment is changing as Forex broker technology provider T4B outlines here. The company has recently developed two new innovative plugins for MT4 in which brokers operating in France and Japan can now implement addressing limited risk measures and reporting solutions. In order to be compliant with new regulations, brokers need to implement…
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New York-headquartered EM4X, an emerging markets multi-asset and multi-currency trading platform has announced the establishment a new data center to provide FX market participants with improved local connections to its FX liquidity venues. The new London LD4 data center and matching engine will provide improved pricing, market access and enhanced workflow for foreign exchange market participants within…
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This article was written by Jameel Ahmad, VP of Corporate Development and Market Research at FXTM. Unless one candidate can garner more than 50% of the vote in the first round of elections, French voters will go to the polls twice to elect their new leader. The two candidates that score the most votes will go head…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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