One of the recent 'hot topics' in the Retail Forex world, we're pleased to present a guest post by Tamas Szabo, Chief Executive Officer Australia and NZ of IG Group Holdings plc (LON:IGG) on the changes to retail client money handling rules recently proposed by Australia's Government. For eight years I have been urging our industry, ASIC, the…
Read more
The premier post-trade market infrastructure for the global financial services industry, the Depository Trust & Clearing Corporation (DTCC), has announced that its Global Trade Repository (GTR), through its locally registered trade repository, has added trade repository services for Newfoundland and Labrador. With this addition, GTR now supports all Canadian provinces and territories, with existing support…
Read more
It was officially announced today that Anton Kreil, Managing Partner of the Institute of Trading and Portfolio Management, an online Forex Trading Education course is to step down from delivering Vacation Mentoring Programmes to retail traders come February 2017. The move is motivated in order for Mr. Kreil to focus more time and effort on…
Read more
Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo Inc (TYO:7185), has announced that recently there has surfaced a scam site using its company name, Hirose Financial UK Ltd. but it is not legitimate. Hirose's official website is https://www.hiroseuk.com. Using any other sites will put your account at…
Read more
The following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. FXPRIMUS Week in Focus for week beginning 21 Nov: UK Autumn Statement, Preliminary PMIs, US “Black Friday” Traders exhausted by all the excitement of the last two weeks can relax a bit this week. With the US Thanksgiving holiday…
Read more
Following an investigation by the Financial Conduct Authority (FCA), Charanjit Sandhu of Grays, Essex, has appeared before the City of London Magistrates Court charged with conspiracy to defraud, together with offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006. The offences relate to the promotion and sale of shares through…
Read more
The European Securities and Markets Authority (ESMA) has published an updated questions and answers document on the application of the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS). The Q&A includes two new questions and answers on how investment limits should be applied where a UCITS wants to invest in an umbrella fund.…
Read more
The International Organization of Securities Commissions (IOSCO) has introduced the new chairs and vice chairs of the IOSCO board committees who were recently elected as part of a periodic renewal of IOSCO leadership. On behalf of IOSCO, Board Chair Ashley Alder expressed his gratitude to the outgoing committee leadership for their contribution and dedication to IOSCO…
Read more
The Securities and Futures Commission (SFC) has prohibited Mr Benedict Ku Ka Tat, a former employee of The Pride Fund Management Limited, from re-entering the industry for one year from 18 November 2016 to 17 November 2017 and fined him $150,000 for failings relating to his sale of a fund to a client. An SFC…
Read more
Industrial and Commercial Bank of China Limited (ICBC) Singapore Branch has adopted business information giant Thomson Reuters Corp (NYSE:TRI)'s FX e-commerce solution Electronic Trading to strengthen its presence in the foreign exchange market. ICBC is the first Chinese bank to adopt this next generation solution from Thomson Reuters. Electronic Trading provides efficient market making capabilities and…
Read more