November 26, 2015 BY Maria Nikolova

New Zealand deregisters 155 financial service providers in October 2015

A total of 155 individuals and companies were deregistered from New Zealand's Financial Service Providers Register (FSPR) in October 2015, in a move highlighting the strict reputation of local authorities. The number of individuals and businesses deregistered is way higher than the 119 entities that lost their registration in September this year. The deregistration is…

Read more
November 26, 2015 BY Maria Nikolova

OzForex to engage in exclusive acquisition talks with Western Union

Shortly after receiving an indicative conditional proposal from The Western Union Company (NYSE:WU) for all of its issued share capital, Ozforex Group Ltd (ASX:OFX) has agreed to engage in further acquisition talks on exclusive basis to progress the proposal. Under the proposal, Western Union will acquire 100% of the shares of OzForex for an all cash…

Read more
November 26, 2015 BY Mike Fox

Darwinex adds indices and commodities trading

Darwinex, the UK-FCA regulated asset manager of DARWIN strategies for FX investors and ECN broker today launched new features rounding out the brokerage offering. This also gives trade-leaders more variety when conducting their investment strategies. Furthermore, corporate accounts are also available which makes it possible for professional providers to conduct business in their legal company name. Lastly, the…

Read more
November 25, 2015 BY Maria Nikolova

UK regulator warns against Forex broker UTMarkets

The Financial Conduct Authority (FCA) keeps the list of warnings against unauthorized investment firms targeting UK investors growing. The UK regulator earlier today issued one more warning against such a firm – UTMarkets, aka United Trading Markets, operating via www.utmarkets.com. The company, offering Forex trading services, says its office is in Bulgaria and that it…

Read more
November 25, 2015 BY Maria Nikolova

CySEC announces start of compensation payments to clients of FXPulp

The Cyprus Securities and Exchange Commission (CySEC) today announced the official start of compensation payments to clients of retail Forex broker FXPulp, aka Pulp International Business Ltd, which had its license withdrawn in April this year. The payments will be conducted and organized by the Investor Compensation Fund for Clients of Investment Firms (the I.C.F). The…

Read more
November 25, 2015 BY Maria Nikolova

CLS, Markit introduce new FX settlement service for cross currency swaps

CLS Group (CLS), a provider of risk mitigation and operational services for the global Forex market, and Markit Ltd (NASDAQ:MRKT), an international provider of financial information services, today announced the launch of a new Forex settlement service for the cross currency swaps market. The new service, built in consultation with major financial institutions in the…

Read more
November 25, 2015 BY LeapRate Staff

Hantec Markets sees Revenue grow 24% in 2015, client assets top £10 million

Hantec Markets, the London-based FCA regulated forex and CFD broker, has reported its financial statement for the fiscal year ended June 30, 2015, showing significant improvement in the business. Hantec Markets is a joint venture between Hong Kong based multinational finance house Hantec Group, and management led by Bashir Nurmohamed (CEO, ex ODL) and Hayel Abu-Hamdan…

Read more