Soon after imposing a monetary penalty of €100,000 on Cypriot Forex broker CommexFX, the Cypriot regulator fines the company again. This time the penalty is €50,000. The decision for the fine was made at a CySEC Board meeting on February 1, 2016. The sanction relates to CommexFX's violations of section 139(2) of the Investment Services and…
Read moreRetail Forex broker FXPRIMUS has redesigned its website home page, in an effort to simplify and accelerate the account opening process. The renovated home page makes the account opening process faster, while also putting the stress on the broker latest marketing move - the Meet Your Heroes campaign. New traders willing to check out FXPRIMUS’s offering…
Read moreRussia's president Vladimir Putin earlier this week signed “Federal Law On Amendments to the Russian Federation Code of Administrative Offences”, with the document introducing tougher penalties for those who support the activity of financial pyramids. The Law envisages administrative fines for individuals and businesses that organize financial pyramids and attract investors. There are fines also…
Read moreTriOptima, a post trade infrastructure provider, part of ICAP plc (LON:IAP), announces today that 18 SwapClear members have compressed 40% of outstanding notional and 49% of outstanding trades in Polish zloty (PLN) interest rate swaps and forward rate agreements (FRA) in the latest triReduce compression cycle. The participants eliminated PLN 2.6 trillion PLN ($654 billion)…
Read moreGMO Click Holdings Inc (TYO:7177), the parent of Japanese online trading giant GMO Click Securities, today published its preliminary financial metrics for February 2016, with the month bringing a steep drop in operating revenues. The drop marked a stark contrast with January 2016, when the company managed to see a sharp rise in revenues. GMO Click…
Read moreAustralia-based payment services provider Novatti Group Ltd (ASX:NOV), which had its public float on ASX in January this year, today announces that it has secured two new Asia-headquartered clients. Contracts have been signed and initial payments received from these two clients that are going to use the Novatti Payments Platform for payment processing transaction on a…
Read moreSwiss interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) has earlier today posted its consolidated results for full year 2015, with the numbers in tune with the preliminary metrics the company announced earlier this year. Revenues for the full year felt the effect of lower trading activity levels in the fourth quarter and amounted to CHF 814.5…
Read moreJapan’s Financial Services Agency (FSA) has earlier today updated its Warning List of investment companies targeting Japanese clientele without the necessary permission from the authorities. The set of latest additions includes binary options broker SimPop, offering its services via sim-pop.com. The company behind this binary options broker is World Union Lead Trust Limited, purporting to…
Read moreSwiss online trading services provider Dukascopy today announces an expansion to its CFD offering via the addition of CFDs on single stocks. Currently, the new product is available to clients of Dukascopy Bank and Dukascopy Europe in demo mode for self-trading accounts, with live trading set to be available soon. The start is made with…
Read moreInternational derivatives broker Sucden Financial Limited today announces that Chris Adams will re-join the company in April. Mr Adams will assume strategic responsibility for the LME Ring Dealing Team, which will still be managed by Geoff Ison and Danny Messinger. Mr Adams, who at present works at Levmet in Monaco, is returning to London. He…
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