June 10, 2014 BY Mike Fox

FCA finalises rules to improve the protection of client money and custody assets

The Financial Conduct Authority (FCA) has today finalized changes to the client money and custody assets (client assets) rules. These changes affect approximately 1,500 FCA regulated firms that carry out investment business, from the largest investment banks to the smallest investment advisor, who collectively hold over £100bn of client money and £10tn of custody assets.…

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June 10, 2014 BY Mike Fox

Russia's CRFIN blacklists Forex-Deposit and Costa Rica's Rockwell Partners

CRFIN Press Release Translated from Russian to English Forex Deposit (www.forex-deposit.com) and Rockwell Partnerts SA (www.rockwell-partners.com) have been included in the blacklist of TSRFIN, Russian FX self regulatory organization. Both websites promise customers implausible and / or a guaranteed rates of return, the websites also offer substantial bonuses to attract customers who do not have sufficient transparency in terms…

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June 10, 2014 BY Gerald Segal

LeapRate Exclusive: AxiTrader set to launch AxiPrime liquidity services

Leading Australian retail forex broker AxiTrader is breaking into the institutional business. LeapRate has learned that about two months ago AxiTrader went live with a soft launch of AxiPrime, combining liquidity, prime brokerage and aggregation services for retail forex brokerages and institutional traders, leveraging off AxiTrader's regulated status in both Australia and the UK. AxiPrime…

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