September 13, 2016 BY Valentina Kirilova

ASIC accepts enforceable undertaking to address compliance failures of Perth financial advice firm

ASIC has accepted an enforceable undertaking (EU) from Neo Financial Solutions Pty Ltd following concerns about the adequacy and application of Neo’s risk management and compliance frameworks. Under the EU, Neo will engage an independent expert to assess, report and make recommendations about Neo’s risk management and compliance frameworks. NEO is based in Perth, Western…

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September 13, 2016 BY Valentina Kirilova

Westpac refunds $9.2 million after failing to waive bank account fees for eligible customers

Westpac Banking Corporation (WBC:ASX) has recently refunded approximately $20 million to around 820,000 customers for not clearly disclosing the types of credit card transactions that attract foreign transaction fees. Now the banking corporation has refunded approximately $9.2 million to 161,414 customers after it failed to waive fees on Westpac and St. George branded savings and…

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September 13, 2016 BY Valentina Kirilova

H2Ocean embraces OnMarket Technology for IPO

H2Ocean Ltd, a company which invests in a diversified global portfolio of early and growth stage financial technology (fintech) companies, has announced that it is extending the reach of its Initial Public Offering (IPO) and offering shares to retail investors through fintech firm OnMarket. Ben Heap, co-founder of H2Ocean, said: We are delighted that investors can…

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September 13, 2016 BY Valentina Kirilova

Colt adds low-latency TOCOM market data feeds

Shortly after joining Koscom to provide ultra-low-latency connectivity between Korea and global markets, telecommunications company Colt Group S.A. (LSE: COLT) has announced that it has become a market data provider for the Tokyo Commodity Exchange (TOCOM), with the service set to launch alongside the scheduled migration of TOCOM’s derivatives trading to the J-GATE trading system…

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September 13, 2016 BY LeapRate Staff

Blueberry Markets adds Autochartist FX market scanner service

LeapRate has learned that Australian-based MT4 broker Blueberry Markets has added Autochartist's market scanner service for its clients. Autochartist is a market scanner that recognizes potential trade set-ups based on support and resistant levels. Once the opportunity has been identified, clients of firms such as Blueberry Markets are notified, allowing the trader to make the final…

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September 12, 2016 BY LeapRate Staff

FXCM Retail Forex volumes down 4% MoM in August, Institutional off 37%

Retail forex broker FXCM Inc (NYSE:FXCM) released August FX trading volume data, and they have come in fairly in-line with the industry wide late-summer slowdown we have seen at most of the leading Retail and Institutional eFX platforms. Retail forex volumes at FXCM came totaled $270 billion in August, down 4% MoM and 18% YoY, while Institutional…

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September 12, 2016 BY Mike Fox

Quod Financial releases next-generation FX trading and liquidity management platform

Quod Financial, a London based provider of adaptive trading technology, announced today that it has released its Adaptive Foreign Exchange Platform, a foreign exchange trading and liquidity management solution for buy-side and sell-side firms. Quod Financial Adaptive FX Trading Platform (AFX) provides all of the tools that are essential for navigating the complexity of the…

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