The UK Financial Conduct Authority (FCA) has put out details of the cloned firm GMO Investment Management / GMO Funds 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…
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Multibank FX aggregation service FXSpotStream has reported that volumes on its system were fairly flat in March, for the third month in a row. Average daily volume at FXSpotStream came in at $18.8 billion in March - versus $18.7 billion in February and $18.9 billion in January. In context, however, FXSpotStream’s volumes were not as…
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Cyprus financial regulator CySEC has announced that it has withdrawn the CIF license suspensions of Leadtrade Ltd, and TTCM Traders Trust Capital Markets Ltd. Both brokerage groups had their CIF licenses suspended by CySEC last week, with the regulator citing capital level concerns. CySEC had given each broker 10 days to take action in order to comply,…
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Moscow Exchange (MOEX) just announced that on 24 March 2017, the Index Committee of Moscow Exchange decided to recommend that the Exchange set the following free float coefficients: Ticker Issuer Free float DSKY Detsky mir, ordinary shares 34% EPLN Europlan, ordinary shares 35% FTRE FG FUTURE, ordinary shares 20% The Committee also proposed to consider…
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Continuing the recent string of rule proposals and consultations across the EU (and elsewhere) by leading financial regulators, Malta watchdog MFSA has issued a Feedback Statement on rules changes it proposed for Forex and CFD brokers back in October. The main thrust of the MFSA's rule proposed changes were two issues: increase in minimum capital…
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The European Trade Repository REGIS-TR has been formally recognized by the Swiss Financial Market Supervisory Authority FINMA on 1 April 2017, Deutsche Börse announced. REGIS-TR is now officially a foreign trade repository in Switzerland, enabling market participants to meet their transaction reporting obligations under the Financial Market Infrastructure Act (FMIA). Under the terms of the…
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Since reporting its fourth quarter and full year 2016 financial results on March 20, shares of Global Brokerage Inc (NASDAQ:GLBR) - formerly known of course as FXCM Inc - have been on a tear. After hitting an all-time low of $1.45 on March 17, GLBR shares have soared more than 86% in the following 10…
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The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa – CONSOB) just reported that the company Investing Group Trading is not authorised to offer out-of-the-office, or promote or place through remote communication techniques in Italy, investment services or business in any way, and, therefore, neither through the…
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Why is it important for IBs to make sure that the brokers they refer clients to take customer fund protection seriously? Adinah Brown, content manager at Leverate, explains. Forex, Binary Options, CFD and similar trading instruments, all carry an inherent level of risk, however, there is no reason to take on unnecessary risks. As an IB…
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The following article was written by Luis Aureliano, a business writer and financial analyst. With over 15 years of experience in global finance and an MBA in economics and management, Luis’s areas of expertise include business, marketing, communications, personal finance, macro economics, stocks and emerging markets. European Union law will no longer be the law…
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