The UK Financial Conduct Authority (FCA) keeps its conquest against clone firms – unauthorized entities that abuse the details of authorized firms in an effort to defraud investors more easily. The latest warning concerns Markets Central Investment, a company which misuses the details of an FCA-licensed firm - Central Markets (London) Ltd. The clone entity,…
Read moreSlovakian based Fintech holding company PineByte has just announced today the acquisition of 100% of the assets of U.S. based social trading community, FX Junction. The deal was made back in January but just made public. The acquisition of the largest social forex network will enable PineByte to expand within the Fintech sector in particular…
Read moreFinancial services provider USAA has expanded Coinbase integration to all of its members, the Bitcoin exchange expert announced today. Thanks to the expansion, all members of USAA can now view their Coinbase bitcoin balance on USAA.com and USAA’s mobile app. Last November, USAA launched a pilot Coinbase integration for a small group of members. As…
Read moreProvider of online payment solutions MoneySwap PLC (LON:SWAP) today announces that it has raised $150,000 by the issue of a new convertible loan note. The Convertible Loan is unsecured and carries interest at an annual rate of 5%, It is repayable on March 11, 2018. The loan may be converted into new ordinary shares in…
Read moreProvider of HTML5 charting and data visualization tools ChartIQ today announces that it has secured $4 million in a Series A investment, led by venture capital firm Illuminate Financial, with participation from existing investors ValueStream, Tribeca Angels and other angel investors. ChartIQ, which is headquartered in Charlottesville, is beefing up its existing sales, marketing, and…
Read moreLess than a week after leading Swiss online trading services provider Swissquote Group Holding SA (SWX:SQN) released an updated application for Android devices, the company is introducing a raft of enhancements to its Advanced Trader application for iOS gadgets too. The latest version (3.4.0) of the iOS app now offers reports in Arabic and Chinese,…
Read moreKCG Holdings, Inc. Class A (NYSE:KCG) has just published its operating metrics for February 2016, with the month bringing a double-digit month-on-month decline in market making volumes for the company. In Market Making, KCG averaged $31.2 billion dollar volume traded, 4.4 billion shares traded, and 4.3 million trades per day in U.S. Equities. The result…
Read moreLeapRate Exclusive Interview... The issue of Automation seems to be coming up a lot more lately in the lexicon of Forex and Binary Options brokers. Following the lead of brokers (such as Plus500) which have been very successful at automating their operations - including everything from customer acquisition to retention - we have been witnessing…
Read morePost trade infrastructure provider TriOptima, part of ICAP plc (LON:IAP), announces today that market participants have eliminated more than $750 trillion in notional principal outstanding via its multilateral compression service for OTC derivatives triReduce. Since the launch of the service in 2003, over 210 financial institutions have participated in this risk-reducing achievement which includes compression…
Read moreShortly after announcing a 10-month ban on Mr Jia Zhen, former China Merchants Securities (HK) Co., Limited (CMSHK) account executive, the Securities and Futures Commission (SFC) of Hong Kong announces a similar penalty for Mr Ng Hongs. Mr Ng Hongs is also a former account executive of CMSHK, a subsidiary of subsidiary of China Merchants…
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