CySEC fines
June 01, 2020 BY Steffy Bogdanova

CySEC fines Indication Investments Ltd for €160,000

CySEC also found that the company may have violated European Securities and Market Authority’s decisions regarding the provision of maximum leverage to retail clients, up to 1:30, at specified products and the margin close-out protection, a requirement to market, distribute or sell CFDs to retail clients. Indication Investments and CySEC reached a settlement regarding the…

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June 01, 2020 BY Steffy Bogdanova

Alpari discontinues denominated in GLD accounts

On 12 June 2020, all open positions on GLD accounts will be closed at the day’s closing prices. The funds on accounts in GLD will be converted in USD at the exchange rate of the company on the that day. The funds will be credited to the client’s transitory account. The investor funds on PAMM…

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asic afs license
June 01, 2020 BY Steffy Bogdanova

ASIC cancels the AFS licences of Personal Risk Management and Australian Golden Securities

ASIC also cancelled the AFS licence of Melbourne-based financial services provider and responsible entity Australian Golden Securities Ltd (formerly AFS Capital Securities Ltd) effective 21 May 2020. The Australian watchdog discovered that Australian Golden Securities did not lodge its financial and audit reports and failed to address its short comings in maintaining adequate competence and…

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moex moscow exchange
June 01, 2020 BY Steffy Bogdanova

MOEX appoints Andrey Burilov as Chief Information Officer

Yury Denisov, Chief Executive Officer of Moscow Exchange, said: Reliable and advanced IT infrastructure is the cornerstone of our future success. We are pleased to welcome a high-caliber professional to our team with great expertise in software development, building complex IT systems and leading large IT teams, as well as deep knowledge of capital markets…

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June 01, 2020 BY Steffy Bogdanova

FXCM releases April report, XAU/USD spreads continue to decline

Instrument Active Trader Average Spread Active Trader Effective Spread At Price Orders Positive Slippage Negative Slippage XAU/USD 11.8 14.2 54.0% 32.0% 14.0% SPX500 0.6 0.6 53.5% 29.6% 16.9% NAS100 2.2 1.0 39.1% 37.5% 23.3% EUR/USD 0.4 0.2 59.3% 32.3% 8.4% GBP/USD 1.2 0.8 44.3% 46.7% 9.0% AUD/USD 0.6 0.3 47.9% 44.4% 7.7% The retail broker…

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June 01, 2020 BY Steffy Bogdanova

Swissquote defends cryptocurrency against Goldman Sachs

Swissquote agrees with Goldman Sachs that crypto has been used in Ponzi schemes, money laundering and other dark market functions but fiat currencies can also be used for illicit activities. Chris Thomas commented: Banks and enterprises like Swissquote Bank operate to strict AML regulatory levels in both fiat and crypto worlds to prevent such illicit…

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May 29, 2020 BY Steffy Bogdanova

Deutsche Börse partners with Chinese data provider Wind

Li Zhou, Vice President of Wind commented: As the first financial information company in China to sign a comprehensive strategic cooperation with Deutsche Börse, Wind will cooperate on market data, news and information, research reports, ESG and investor education as well as other fields based on the advantageous resources of both sides. This cooperation will…

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Euronext
May 29, 2020 BY Steffy Bogdanova

Euronext terminates RIE activities in the UK

The Euronext London office will not be affected by the closure of the market regulated by the current licence. After the acquisitions of Euronext FX, Commcise and Nord Pool, Euronext has boosted its staff numbers in London from 30 to 55. The company remains committed to its presence in the UK and in London as…

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fca warning
May 29, 2020 BY Steffy Bogdanova

Allow Loans, Step Changing and others added to FCA warning list

Allow Loans Address: 504 Roman Road, Bow, London, E3 5LU Telephone: 02037699035 Website: http://allowloans.com/ Step Changing Telephone: 07480632791, 03338805847 Email: [email protected] Website: www.stepchanging.org.uk Compare - Free Address: 160 Queen Victoria Street EC4V 4ED Website: www.compare-free.co.uk British Bond Capital Website: https://britishbondcapital.co.uk/ Bright Finance Address: Leeds Innovation Centre, 103 Clarenton Road, LS2 9DF, Leeds, UK GmbH, HRB242418,…

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