Macquarie Bank Fined Record $4.995 Million By ASIC For ‘Serious’ Gatekeeper Failure LeapRate

September 25, 2024 BY Sam Boughedda

Macquarie Bank Fined Record $4.995 Million By ASIC For 'Serious' Gatekeeper Failure

ASIC revealed it found that Macquarie had breached market integrity rules on 50 occasions between January and September 2022, allowing three of its clients to place orders that displayed characteristics of an intention to "mark the close." This involves placing orders within the last minute of market close to influence the daily settlement price in…

September 25, 2024 BY Sam Boughedda

IG Group Begins Second Tranche of Share Buyback Program

The investment brokerage is using UBS AG London Branch to purchase shares worth up to £75 million in this phase of the program, which is expected to be completed by January 31, 2025. It said the purchased shares will be held in treasury. This second tranche is part of a broader initiative by IG Group…

September 24, 2024 BY Sam Boughedda

Worldline Partners With Anadolubank Nederland For Cloud-Based Instant Payments

The collaboration is said to enable Anadolubank to "seamlessly comply" with the new EU Instant Payments regulation, setting a precedent for other mid-size banks seeking to modernise their operations while adhering to regulatory standards. Worldline said in its press release that its cloud-based solution offers various services, including instant payment processing, customer sanction screening, and…

September 24, 2024 BY Sam Boughedda

NinjaTrader Ordered to Pay Over $980,000 for Supervision Failures

The CFTC found that NinjaTrader, which operates out of Deer Park, Illinois, failed to implement sufficient policies and procedures to manage accounts in emergency situations, particularly in response to a statutory restraining order issued in a previous fraud case. It is also alleged to have not exercised sufficient oversight over its employees' handling of accounts.…

September 24, 2024 BY Sam Boughedda

ATFX Relocates MT Trading Servers to Hong Kong and London

The move is aimed at optimising services for clients across China, Southeast Asia, Australia, the Middle East, North Africa, and Latin America, ensuring faster and more stable trading experiences, according to the company. By partnering with Equinix, a colocation and interconnection vendor, ATFX said it has leveraged the company's network infrastructure to enhance performance and…

September 23, 2024 BY Leaprate Staff

ATFX Enhances Global Trading Infrastructure Expanding Trading Server Hosting At Equinix Data Center in Hong Kong and London

Joe Li, Chairman of ATFX Group, stated, “We are committed to delivering the highest quality trading services to our global clients. By relocating all trading servers to Equinix, we not only enhance trading speed and stability globally but also lay a solid foundation for future technological innovations and market expansions.” The Equinix relocation project…

September 23, 2024 BY Sam Boughedda

PayAfrique.com's Small Payment Institution Registration Cancelled by FCA

The FCA took the action due to PayAfrique.com's failure to comply with regulatory obligations. Specifically, the regulator said the company failed to submit annual reports (Returns) for the past two years (2022 and 2023) despite its repeated requests. "The Authority has concluded, on the basis of the facts and matters described above, that by failing…

September 23, 2024 BY Sam Boughedda

Italian Regulator Blocks Access to 4 Sites that "Offer Financial Services Illegally"

The websites allegedly offered financial services without proper authorisation, posing a risk to Italian investors. CONSOB's action leverages authority granted by the "Growth Decree" (Law no. 58 of 2019), which empowers them to restrict access to websites offering unauthorised financial services within Italy. The targeted websites include FCapital24 (fcapital24.org), Multibank Group (multibankfx.com), Stocket (www.stocket.me), and…

September 23, 2024 BY Sam Boughedda

Revolut Adds Nearly 2 Million Customers in 2024

The achievement comes as the company has seen a substantial increase of nearly 2 million customers in 2024 alone, solidifying its position as one of the largest payments businesses in the market. Founded in the UK in 2015, Revolut has expanded rapidly both domestically and internationally. The company now has a global customer base of…

September 20, 2024 BY Leaprate Staff

ATFX Connect Wins “Institutional Forex Broker of the Year 2024” Award

This accolade acknowledges ATFX Connect’s contributions in the field of institutional brokerage services and affirms its continuous efforts in driving industry progress and innovation. Corporate Vision magazine presents its annual Corporate Excellence Awards to honor companies and individuals who demonstrate excellent leadership, innovation, and performance in their respective fields. This year, ATFX Connect, earned unanimous…