asic afs license
May 02, 2019 BY Valentina Kirilova

Australasia Wealth Services and Management’s AFS license suspended

Australian regulator ASIC has announced yesterday that it has just suspended the Australian financial services (AFS) license of Sydney-based financial services provider Australasia Wealth Services Management Pty Ltd (AWSM) until 25 June 2019. According to the regulator, the company AWSM had breached its financial reporting and audit obligations and the requirement to obtain membership of…

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clone firm FCA warning
May 02, 2019 BY Valentina Kirilova

FCA warns against Purse International clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Purse International. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

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forex market crypto news and updates
May 02, 2019 BY Valentina Kirilova

Daily Market News: FAANGs disrupting investment

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for May 2, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Bitcoin Not a Replacement for Gold: A recent ad from a cryptoasset fund manager encourages investors to…

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May 02, 2019 BY Valentina Kirilova

IBM and Thomson Reuters to simplify how financial institutions tackle regulatory compliance challenges

IBM (NYSE: IBM) and information giant Thomson Reuters (NYSE:TRI) have teamed up to help banks address ever-growing regulatory requirements through the powerful combination of artificial intelligence (AI) and real-time regulatory insights. IBM and Thomson Reuters Regulatory Intelligence will offer financial institutions access to IBM Cloud's RegTech solution. The two companies  collaboration will enable risk and…

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avelacom
May 02, 2019 BY Valentina Kirilova

Avelacom launches a new PoP in Thailand

Global connectivity and IT infrastructure provider for the financial services industry, Avelacom, has just announced it is deploying a point of presence (PoP) at The Stock Exchange of Thailand’s (SET) data center facilities. Earlier this year, the company added its third PoP in Tokyo and opened a new office in Singapore, managed by Gabriel Bassas,…

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ActivTrades office
May 02, 2019 BY Valentina Kirilova

ActivTrades launches Cashback rewards program

FCA regulated London based FX and CFDs broker ActivTrades announced that it has launched its new premium Cashback program, exclusively for eligible professional clients. The program pays rebates on spread and swaps, as well as interest on unused margin. To qualify, clients need to trade a monthly average of at least €50 million in notional volume…

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AETOS daily forex market commentary
May 02, 2019 BY Valentina Kirilova

AETOS daily forex market commentary

ASIC and FCA licensed Retail FX broker AETOS Capital Group have provided their daily commentary on traditional markets for May 2, 2019.  GBPUSD The Pound is currently trading at 1.3052, 14 pips above where it opened at on Wednesday. The Dollar's sell-off ahead of Fed's decision helped the GBP/USD pair reach a fresh high at 1.3101…

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RBA May Rate Meeting
May 02, 2019 BY Valentina Kirilova

RBA May Rate Meeting might send AUDUSD lower

The following guest post is courtesy of ATFX. The Australian dollar is always interesting to trade, but early next week it will be even more interesting. The markets are giving it a 50% probability that the central bank will reduce interest rates by 25 basis points at their May 7th meeting, and if they indeed…

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