Former CFO of Traditional Therapy Clinics Limited charged with market manipulation and fraud LeapRate

June 11, 2020 BY Steffy Bogdanova

Former CFO of Traditional Therapy Clinics Limited charged with market manipulation and fraud

These transactions created an artificial price for TTC shares on the ASX during this 12-week period. The Australian also alleges that Wu dishonestly obtained loans from the Commonwealth Bank of Australia (CBA) for personal property purchases. Wu provided falsified documents to support his loan applications and he managed to obtain funds in the amount of…

June 11, 2020 BY Valentina Kirilova

Daily Market News: Fed not expecting to raise rates until end of 2022

OECD says UK will be hardest hit major economy Following a sharp sell-off yesterday, London-listed stock indices continued falling on Wednesday after the OECD warned that the UK is likely to be the major economy hardest hit by the pandemic. The OECD anticipates the UK economy will sink by 11.5% in 2020, worse than contractions…

June 11, 2020 BY Steffy Bogdanova

UK Bonds Capital, Swissquotes Ltd and others added to FCA warning list

UK Bonds Capital Address: 60a Holborn Viaduct, Holborn, London EC1A 2DE Website: www.ukbondscapital.co.uk British Bonds Company Address: 145 City Road, Hoxton, London EC1V 1AW Telephone: 02037695631 Website: https://britishbondscompany.co.uk/ Hamamatsu Merger Group Address: Shiroyama Trust Tower 21F, 4-3-1 Toranomon, Minato-ku, Tokyo 105-0001 Japan Telephone: +81 505 213 0406 Email: [email protected], [email protected], [email protected] Website: www.hamamatsumerger.com Carter Lee…

June 11, 2020 BY Steffy Bogdanova

Online broker Doo Prime obtains Mauritius FSC license

The retail FX brokerage firm Doo Prime is a wholly owned subsidiary of Hong Kong-based fintech firm Doo Holding Group. The Group’s other subsidiary, Doo Prime Vanuatu Limited is regulated by the Vanuatu Financial Service Commission (VFSC). The fintech also operates Doo Clearing Limited, which is licensed by the UK’s Financial Conduct Authority (FCA) to…

June 11, 2020 BY Valentina Kirilova

Exclusive: ATFX reports 41% growth in Q1 trading volumes owed in part to Covid-19 volatility

ATFX also increased its offerings by launching new products, including Gold and natural gas futures, as well as 3M (MMM), the U.S. stock CFD. The COO of ATFX Group, Jeffrey Siu, commented on the news: The positive results we registered in Q1 were driven partly by increased volatility in the global financial markets. The state…

June 11, 2020 BY Steffy Bogdanova

Swiss cantonal bank BCV launches white-labelling services based on smartTrade’s LFX interface

Eric Vauthey, Head of Trading at BCV said: smartTrade’s follow-up on this project was great and allowed us to launch this new service in a timely manner. Deploying this solution to our customers was seamless as it is the same environment as the one we use. Our first client, The Banque Cantonale Neuchâteloise is live,…

June 10, 2020 BY Steffy Bogdanova

Former Sidney financial adviser and Royal Commission witness charged with dishonest conduct

ASIC also claims that Henderson gave Financial Services Guide, containing the false claims to at least two clients. The charges follow an investigation into Henderson and his company by ASIC after evidence of misconduct was presented in the Royal Commission. Deputy Chair Daniel Crennan QC said: ASIC is dedicated to improving standards across the financial…

June 10, 2020 BY Steffy Bogdanova

LMAX Group enables clients to trade outside of market hours with a new Weekend FX service

David Mercer, CEO of LMAX Group, commented: The last few months have reinforced the common understanding that volatility doesn’t stop on a Friday night and risk events have now extended beyond the working week. As a result, the current trading session doesn’t reflect market participants’ increasing need to access FX liquidity 24/7 in order to…

June 10, 2020 BY Steffy Bogdanova

CMC Markets’ professional Prime Derivatives platform launches in Australia

Andrew Wood added: There has been unprecedented market activity this year across global markets driven by the Coronavirus pandemic, and with that comes opportunities, in particular for intra-day traders. Our new platform opens up a range of popular products and trading features for partners and their clients in times of volatility including short-selling and hedging.…

June 10, 2020 BY Steffy Bogdanova

BidFX updates mobile app to improve remote trading

Alan Dweck, Chief Operating Officer at BidFX, commented: This unprecedented health crisis is splitting office and remote working. As some of the worlds largest financial institutions adjust their working practices to fit this new enviroment, it is imperative FX technology keeps apace. This latest version of our app provides traders with the full desktop FX…