ASIC has banned Adelaide financial adviser Michael Mahoney from providing financial services for a period of four years. Mr Mahoney was employed by the BT Financial Group Pty Ltd (BTFG) in the Westpac Scaled Advice Insurance business from October 2013 to July 2014 to provide general advice only to retail clients on insurance products. ASIC's…
Read moreBloomberg, the global business and financial information and news leader, today announced that Thanachart Bank (BKK:TCAP), Thailand’s sixth largest bank by asset size, has selected Bloomberg’s multi-asset risk solution (MARS) for counterparty risk management. A subsidiary of Thanachart Group, Thanachart Bank will be adopting MARS to recognize and report the credit value adjustment (CVA) on…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) released a revamped version of its Group website on the weekend featuring a suite of new features designed to improve functionality and make information easier to find. The new HKEX Group website has been completely rebuilt from the ground up, with all new infrastructure and content management system, to…
Read moreLeapRate's Forex Industry News was headlined this week by our exclusive report on how a flaw in UK bankruptcy law is effectively preventing Alpari UK special administrator KPMG from paying back former clients of the bankrupt broker - more than 20 months after Alpari UK entered administration. Our report on the matter has gone viral…
Read moreOctaFX, the Saint Vincent and the Grenadines based broker just announced a complete revamp of its trading accounts and conditions. OctaFX has further enhanced conditions on both MT4 and cTrader accounts as well as launching a brand new MT5 Pro Account. OctaFX’s new Pro Account is designed to suit traders who wish to take advantage…
Read moreSan Francisco based Bitcoin Exchange and provider Coinbase just announced the launch of weekly buy/sell limits on Coinbase. In the past, Coinbase used daily limits. This created frustration as users were forced to come back every day to purchase their maximum amount. The change was made given feedback to the company from users who prefer…
Read moreCrane Currency, a rapidly growing global producer of currency products, announced this week plans to build a new banknote printing facility and customer experience center in the country of Malta. The Malta facility will represent an investment of approximately $100 million for the construction of the factory, the machinery and the equipment. The company expects…
Read moreForex ECN Hotspot FX may end up under a new roof once again, if rumors of a sale of Hotspot's parent company Bats Global Markets Inc (BATS:BATS) to the CBOE turn out to be true. News broke late Thursday on several business news outlets that the CBOE was in advanced negotiations to acquire Bats, which has…
Read moreUK payments systems regulator PSR has received a "super-complaint" from Which? relating to concerns it has around consumer safeguards in the market for push payments. Which? is the largest consumer body in the UK, with over 680,000 members that subscribe to its magazine, plus over 335,000 online subscribers. Which? is best known for doing things such as…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Jamal Y. Vance and All City Investments, LLC (All City), charging Defendants with solicitation fraud in connection with off-exchange Forex transactions and with failure to register as Commodity Trading Advisors (CTAs) with the…
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