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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Tradency, a pioneering financial technology provider, focusing on B2B product development and advanced services for retail investors and retail traders and Gerchik & Co announced the launch of RoboX. The new service is a smart trading machine based on powerful packages of strategies. The packages selection process is accompanied by proprietary risk matching engines. Gerchik…
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AxiTrader CEO Rajesh Yohannan is dipping further into his pool of former colleagues to continue building the management team at Axi. After recently hiring Oanda Australia office head Louis Cooper as Global Head of Retail Services, Mr. Yohannan and his leading Australia-based retail forex broker AxiTrader has hired Forex industry veteran Gavin Ward as Global Head…
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The Securities and Exchange Commission (SEC) announced an award of more than $900,000 to a whistleblower whose tip enabled the SEC to bring multiple enforcement actions against wrongdoers. Jane Norberg, Chief of the SEC’s Office of the Whistleblower, commented: With the issuance of this second award in less than one week, we hope to continue…
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Bats Global Markets, Inc.(Bats: BATS) has welcomed another fund from Exchange Traded Concepts (ETC) to the Bats ETF Marketplace. The new issue, The WEAR ETF (Bats: WEAR), seeks to provide investment results that track the price return performance of the EQM Wearables™ Index. Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats, said:…
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Online gaming and financial trading giant Playtech PLC (LON:PTEC) has been in the market repurchasing its own shares every day since last Tuesday, December 6, following its announcement that the company will buy back up to €50 million (USD $53 million) of its own shares in the coming weeks through to December 31, 2016. Playtech bought 785,000…
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The Autorité des marchés financiers (AMF) has warned French investors against marketing material issued by BLUE STONE LTD via several web sites proposing offers to invest in diamonds. BLUE STONE LTD, whose head office is located at 3rd Floor, 120 Baker Street, London, England, W1U 6TU, proposes offers to investors residing in France to invest…
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In remarks fairly critical of the FCA's new rules banning bonus payments to retail traders and limiting trading leverage to 50x, IG Group Holdings plc (LON:IGG) CEO Peter Hetherington questioned the logic behind the FCA's moves, and what the likely fallout will be. While discussing what last week was like with UK newspaper The Telegraph in an…
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ASIC has banned Mr Andrew TambyRajah, a former employee of ANZ Financial Planning, from providing financial services for a period of five years. Mr TambyRajah, of Sydney, New South Wales was a financial planner with ANZ Financial Planning at Hurstville between 19 January 2006 and 30 July 2014. Mr TambyRajah was banned from providing financial…
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Forex Industry News at LeapRate was headlined by regulator moves which are clearly going to alter the online trading industry landscape, if not change it altogether. Following news that Cyprus regulator CySEC is proposing to ban bonus payments to retail traders and put a soft cap on leverage - news which was first reported exclusively at…
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