Sam Boughedda
LeapRate Analyst
January 09, 2025 BY Sam Boughedda

Easy Exchange Registration as Small Payment Institution Cancelled by FCA

The regulator’s action follows the firm's inability to meet essential conditions under the Payment Services Regulations 2017 (PSRs). Easy Exchange, which was registered to provide money remittance services, failed to submit the required annual regulatory reports, known as FSA057 returns, for the years 2021, 2022, and 2023.  Despite repeated reminders and warnings from the FCA,…

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FINRA building
January 09, 2025 BY Sam Boughedda

Fidelity Brokerage Services Hit with $600,000 Fine

The fine comes as the regulator said the company failed to adequately supervise its employees' access to client data and the transmittal of funds from international stock plan services (SPS) accounts.  The violations, spanning from December 2012 to October 2020, resulted in an associated person converting approximately $750,000 from 37 international plan participants. FINRA's investigation…

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January 08, 2025 BY Sam Boughedda

Sky Links Capital Announces Strategic Partnership with Centroid Solutions

The collaboration aims to enhance trading experiences for clients and improve liquidity distribution across financial markets. Centroid is a fintech provider known for its advanced technology and infrastructure in capital markets. Sky Links said that by integrating Centroid's technology, it plans to offer clients enhanced trading capabilities, real-time analytics, and superior decision-making tools. "The move…

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January 08, 2025 BY Sam Boughedda

Saxo Bank Fined €1.6 Million by AFM

The violations occurred between January 2021 and April 2023. They reportedly involved inadequate asset segregation, poor risk management, and unsatisfactory customer treatment during BinckBank's migration to Saxo Bank. The AFM investigation was prompted by consumer complaints and a critical assurance report from BinckBank's accountant. Customers reported delayed transactions, incorrect charges, and missing shares. The AFM…

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Acuity Trading
January 08, 2025 BY Sam Boughedda

Acuity Trading Announces Launch of Fully Automated AI-Powered Trading Signals

The new feature, integrated into Acuity's AnalysisIQ product, offers traders both expert human-led multi-asset signals and automated signals driven by advanced AI, specifically targeting the FX and cryptocurrency markets. The product was developed by Acuity Analytics.  The AI-powered signals leverage Natural Language Processing (NLP) and sentiment analysis to help boost traditional technical analysis, according to…

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ATFX UK to allow more deposit and withdrawal options via Trustly
January 07, 2025 BY Sam Boughedda

ATFX Launches ATFunded Prop Trading Platform

The online trading provider said ATFunded was created with a focus on the traders potentially using the platform, providing them with the potential for a sustainable, long-term pathway to funding, as well as various features to help improve the trading experience.  In an interview on the ATFunded Website,  ATFX chairman Joe Li said the prop…

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January 07, 2025 BY Sam Boughedda

Onbe Names Sayid Shabeer as Chief Product Officer

The corporate payouts platform said Shabeer is a "fintech leader" who brings a wealth of experience to the company. Shabeer, who has experience in building enterprise-scale financial solutions, will report directly to CEO Bala Janakiraman. He previously served as Chief Product Officer at HighRadius. Shabeer is said to have led the transformation of the company…

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Eurex ESG
January 07, 2025 BY Sam Boughedda

Eurex Dividend Options Gain CFTC Approval for US Trading

The exchange said that effective 6 January (Monday), US investors can now trade EURO STOXX 50 Index Dividend Options and EURO STOXX Banks Index Dividend Options.  The move is expected to expand US investors' ability to manage exposure to European equity markets. Robbert Booij, CEO of Eurex Frankfurt AG, commented, “Removing access barriers and making…

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Market commentary and analysis from Clifford Bennett
January 06, 2025 BY Sam Boughedda

ACY Securities Expands Copy Trading to MT5 via Tradingcup

Beginning January 3, 2025, the company said the enhancement aims to provide broader trading opportunities for traders. The Tradingcup platform, launched in early 2024, has quickly gained traction, with 3,321 total signals, $53.2 million in invested funds, and $176,100 in performance fees paid out. There has also been $13,200 in total subscription fees. With the…

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