New Zealand FMA adds Coinbrokerz to its warning list LeapRate

September 05, 2019 BY Valentina Kirilova

New Zealand FMA adds Coinbrokerz to its warning list

The Financial Markets Authority (FMA) has recently added another name to its list of unregulated firms. The latest addition is the company Coinbrokerz. According to the regulator, Coinbrokerz has the hallmarks of a scam, including withholding clients' funds, requesting clients to transfer additional funds before being able to withdraw investments and bank accounts that do…

September 05, 2019 BY Valentina Kirilova

Broadridge acquires Financial Database Services

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech firm and part of the S&P 500® Index, announced yesterday that it has completed the acquisition of Financial Database Services. Financial Database Services provides compensation management, compliance and advisor onboarding solutions for the wealth management industry. The acquisition of Financial Database Services is the latest example of…

September 05, 2019 BY Valentina Kirilova

Daily market commentary: FTSE-100 index trading lower today

ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for September 5, 2019. See details below: EUROPEAN SHARES Global equities jumped this morning while safe haven assets like the Japanese Yen, Gold and 10-Years U.S. Treasuries retreated as investors regained their appetite for risky assets. This shift took place after China’s…

September 05, 2019 BY Valentina Kirilova

Stater Global Markets Founder Ramy Soliman joins GMO-Z.com as CSO

GMO-Z.com Trade UK Limited, FCA-regulated and an affiliated company of retail forex provider GMO CLICK Securities Inc., just announced that it has added industry expert Ramy Soliman to its team as Chief Strategy Officer (CSO). Prior to GMO-Z.com Trade UK Limited, Ramy Soliman was CEO and founder of Stater Global Markets, and has extensive experience in…

September 05, 2019 BY Valentina Kirilova

CLS hires Euronext's Masami Johnstone as Head of Information Services

CLS, a market infrastructure group delivering settlement, processing and data solutions, just announced that it has added Masami Johnstone to its team as Head of Information Services. Johnstone joins CLS from Euronext, where she was Head of Buy Side Sales, responsible for advanced data sales and development. Previously she was Head of Institutional Quant Research.…

September 05, 2019 BY Valentina Kirilova

DTCC and Accenture to manage risks and promote safety across DLT landscape

The Depository Trust & Clearing Corporation (DTCC), the market infrastructure for the global financial services industry, and Accenture (NYSE: ACN) have yesterday published a white paper named Governing DLT Networks. The white paper introduces a DLT governance operating model to manage risks and consequences of an evolving DLT landscape, to ensure the safety and soundness…

September 05, 2019 BY Valentina Kirilova

Bitcoin flipped the chess board over – Heading north with new momentum

And once again, Bitcoin rises from the ashes, astonishing its critics and advocates alike. When every technical measure on nearly every chart was pointing down, Bitcoin responded appropriately by reversing course and heading upward with new vigor. We may soon have to refer to Bitcoin as the “Comeback Kid”, if this scenario keeps repeating itself.…

September 05, 2019 BY Valentina Kirilova

How will markets react to ASIC's binaries ban and CFDs restriction?

Two weeks back, the Australian Securities and Investments Commission (ASIC) released a consultation paper, which suggested that, since all other measures had failed to curb extraordinary losses caused by binary options and to a lesser extent by CFDs, the agency intended to ban binary options and severely restrict the use of CFDs. The measures were…

G20 group adopts tough FATF KYC/AML rules: Debate is how to implement

September 05, 2019 BY Mariela Naydenova

Dutch Central Bank will start regulating the crypto sector by January 10, 2020

While regulatory bodies around the world are still making their minds up about cryptocurrency regulation, Netherland's central bank, De Nederlandsche Bank (DNB), has just announced that it will start regulating the crypto sector in the country by January 10, 2020. DNB has invited all crypto exchanges and wallet providers to submit more information about their activities…

September 04, 2019 BY Valentina Kirilova

MOEX FX Market volume down 6% MoM in August

Moscow Exchange (MOEX) just released its trading volumes report for the month of August 2019. Total trading volume across MOEX markets was RUB 68.9 trln last month (RUB 79.5 trln for the same period last year; RUB 72.1 trln in July 2019). The number of trading days in August 2019 was 22 (23 trading days…