Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a statement warning investors that its full year 2016 results will show a significant decrease in net profit by over 50%, as compared to 2015. KVB already issued a profit warning for the third quarter of 2016, which saw a 20%…
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eFX trading technology solutions provider TradAir has announced the release of a major platform upgrade, focusing on added functionality, reduced latency and continued improvement of execution performance. TradAir Version 5.0, delivers significant improvements in: Execution quality and fill ratios Platform latency and performance According to the company, TradAir’s new ‘Micro Services’ based modular architecture significantly reduces…
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CySEC regulated forex broker FXCC has announced the introduction of an extra payment facility - Netbanx Asia from Paysafe Group Plc (LON: PAYS). In forging this new relationship the broker is opening up a gateway to allow easy use of service for FX traders from leading Asian countries such as China. Netbanx Asia is a…
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Warsaw based retail forex brokerage group X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates the XTB.com brand and the X Open Hub trading platform, has made filings in its home country of Poland that it foresees significantly reduced activity from the Turkish forex market. XTB's filings were made after regulators in Turkey decided to crack…
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Does this portend a departure of Drew Niv from FXCM altogether?
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LeapRate Exclusive... LeapRate has learned from court documents that retail forex broker FXCM Inc (NASDAQ:FXCM), recently banned from the US forex market, has agreed to pay a $650,000 fine in settlement of charges that it was undercapitalized, and slow to report its capital position, in the wake of the January 15, 2015 spike in the value…
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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 Wainscott Consulting Group. Wainscott Consulting Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Dubai Financial Services Authority (DFSA) has launched the next phase of consultations on its proposed framework for regulating crowdfunding platforms in the Dubai International Financial Centre (DIFC), with a paper detailing its approach to investment-based crowdfunding. The consultation is the second in a series of papers which outline the DFSA’s measures to support the…
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Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has released a list of minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in these particular futures contracts. The information is with effect from the commencement of trading on Monday,…
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The Cyprus Securities and Exchange Commission (CySEC) has today published a consultation paper regarding its proposed reforms to the regulatory framework governing the provision of investment services in binary options by firms under its supervision (CIFs). CySEC proposes five fundamental reforms to eliminate deficiencies in the existing regulatory framework for binary options, and establish new,…
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