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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LeapRate Exclusive... LeapRate has learned that FCA regulated retail forex and CFD broker Valutrades has completed a £1.2 million recapitalization, as the company looks to both shore up capital and free up money for an increased marketing budget. We understand that Valutrades, which offers trading on the MT4 platform, is planning a serious marketing push…
Read moreING Bank (Australia) Limited, the promoter and investment manager of the ING Direct Superannuation Fund (Living Super), will compensate around 24,500 members approximately $5.38 million following ASIC concerns that statements made in its promotional material about the fees paid in connection with its Living Super product were potentially misleading. In particular, ASIC was concerned that…
Read moreSingapore Exchange (SGX:S68) has just reported its market statistics for August 2016. Here are some of the highlights: Securities Total Securities market turnover value fell 2% month on month and fell 27% year on year to S$20.6 billion, during 22 trading days compared to 20 in July 2016 and 19 in August 2015. Securities daily…
Read moreMorgan Stanley Australia Securities Limited has paid a penalty of $123,750 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The MDP had reasonable grounds to believe that Morgan Stanley contravened subsection 798H(1) of the Corporations Act by reason of contravening a number of account reconciliation rules in Part…
Read moreMT4 systems integrator Gold-i has announced that it has bolstered its Product Development and Support Teams, with the hiring of Fidessa's Matthew Smith (pictured at left) and the internal promotion of Chris James. Chris James was named to be Product Development Manager at Gold-i, while Matthew Smith will be Global Head of Support. As Product Development…
Read moreThe Foreign Exchange Professionals Association (FXPA) today announced the addition of Jump Trading as the newest Governing Council Member of the FX trade group. Jump Trading combines sophisticated quantitative research, best-in-class technology, and an entrepreneurial culture to create a leading global, quantitative-based trading firm. Jump has more than 500 employees across offices in Chicago, New York,…
Read moreSão Paulo based financial exchange BM&FBOVESPA announced today it will be collaborating with over 60 of the world’s largest financial institutions to develop ground-breaking commercial applications for the financial services industry that leverage the appropriate elements of distributed and shared ledger technology. This initiative is part of the company’s strategy of supporting transformative projects that…
Read moreThe SWIFT Institute has published a new research paper analysing whether Bitcoin will crowd out fiat currencies in the global community. The paper, entitled “Virtual currencies: Media of exchange or speculative assets?”, looks at the dynamic relationship between virtual currencies, such as Bitcoin, and fiat currencies, and evaluates any immediate risks that virtual currencies pose…
Read moreMatch-Trade Technologies LLC, a Forex brokerage technology company headquartered in Irvine, California, is pleased to announce the launch of MT4 WL Manager application. This application is a broker specific business solution, which allows all White Label (WL) forex brokers to configure the most important business parameters of MT4 Servers in real-time. Match-Trade MT4 WL Manager…
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