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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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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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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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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The following guest post is courtesy of ATFX. The dollar is back under strong pressure as the EURUSD took a leap higher on better than expected Euro Area GDP figures. Annual Euro area GDP was projected to increase by 1.1%, but instead, increased by 1.2%, which is a slightly higher pace than seen in the…
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A new pacemaker has arrived in the crypto world, as the United Arab Emirates raced to the front of the pack take the first place crown in token sales for 2019. The U.S., which has been the outright leader in prior years, is sadly now in seventh place, due primarily to the regulatory clampdown that…
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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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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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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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It seems that ever since Elon Musk announced that his favourite crypto is DogeCoin, people have gone on to great lengths to somehow connect the "dots" between Musk and any relatable cryptocurrency that might be of interest to him. Just last month, Leaprate reported that the founder of Dogecoin, Jackson Palmer, said he is ready…
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