Today the UK Financial Conduct Authority put out details of the cloned firm MTA Trade Limited t/a MTA Trade UK. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. The clone firm are using or giving out the following details as part…
Read moreOTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has announced that the Securities and Futures Commission has granted approval of its clearing services for cross currency swaps. OTC Clear expects to launch the service in August of this year. OTC Clear will initially provide clearing for…
Read moreUnited Kingdom Parliament Treasury Committee has published a letter from a group of challenger banks which outlines – among other things – the opportunity afforded by the EU referendum result to improve competition in the banking sector. Letter from challenger banks, dated June 30, 2016 Letter from Andrew Bailey, Governor, Prudential RegulationCEO, Prudential Regulation Authority,…
Read moreThe Attorney-General’s Chambers (AGC), Commercial Affairs Department (CAD), Singapore Police Force, and Monetary Authority of Singapore (MAS), have announced today in a joint statement that the Singapore authorities have been investigating various 1MDB-related fund flows through Singapore, for possible money laundering, securities fraud, cheating, and other offences committed in Singapore. Singapore’s investigations began in March…
Read moreCMC Markets Plc (LON:CMCX), a leading global provider of online retail trading, today issues its interim management statement for the period from 1 April to 30 June 2016. The Group continues to make good progress against its strategic plan since the start of the year, with continuing strong levels of active clients and client applications…
Read moreMT4 systems integrator Gold-i has announced the launch of a new product called Scalper Watch. Scalper Watch was developed to help MT4 brokers detect unwanted scalpers, and protect their profits. Gold-i Scalper Watch, fully integrated with MT4, does not require any additional servers. It automatically watches out for scalper traders and issues alerts when it detects them.…
Read moreBrokerage house XTB Ltd UK (formerly known as X Open Hub Ltd) released year ended Dec 31st 2015 financial statements which shows the UK office of the brokerage XTB Group swung to a profit of £268k on £4.6m in revenues compared to 2014 where revenue stood at £970k and the company absorbed a loss of £686k. Parent company X-Trade Brokers…
Read moreFollowing public consultation, ASIC has finalised an Instrument to maintain relief concerning the entities to which client money can be deposited under s981B of the Corporations Act. The Instrument replaces ASIC Class Order [CO 04/1063] Section 981B money in cash common funds due to sunset on 1 April 2017. ASIC made [CO 04/1063] to address…
Read moreJust three days ago, EBS BrokerTec, ICAP Plc’s (LON: IAP) market-leading electronic foreign exchange (FX) and fixed income business, has announced that Jim Iorio joins the company as Global Head of Sales and will sit on EBS BrokerTec’s Executive Management Committee. Today, ICAP has announced that EBS BrokerTec's CEO, Gil Mandelzis, has decided to step…
Read moreLeading CySEC and FCA regulated broker FxPro is informing clients that normal trading activity on Turkish lira (TRY) pairs will be re-enabled on all platforms on Monday, July 25, 2016, at 12.00 (GMT+3), subject to an increase of margin requirements to 5% for all existing and new positions. On Sunday July 17 FxPro informed clients…
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