Steffy Bogdanova
LeapRate Analyst

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
ASIC office
March 10, 2020 BY Steffy Bogdanova

ASIC releases new regulation for foreign financial services providers

ASIC has released new regulation for foreign financial services providers (FFSPs) that service Australian wholesale clients. Cathie Armour, ASIC Commissioner, noted: Our new regulatory framework facilitates Australian wholesale access to foreign investment opportunities, preserves market integrity against misconduct in wholesale markets, and strengthens ASIC's ability to take effective regulatory and supervisory action. Our ability to…

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Citi names Daniel Young its Head of equities for Australia and New Zealand
March 09, 2020 BY Steffy Bogdanova

Citi cuts ties with two-thirds of FX platforms

Citi has shared its intention to reduce its global ambitions in the foreign exchange space since launching a review back in October of last year. To do so Citi will drop almost two-thirds of the trading platforms it gives currency quotes. The bank has made changes to its vendor platform requirements and cut 12 of…

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March 09, 2020 BY Steffy Bogdanova

MoneyNetint in strategic partnership with AFEX to expand network

MoneyNetint, global payment solutions provider, just announced its strategic partnership with foreign exchange specialist AFEX. The collaboration will improve MoneyNetint and allow it to wider range of services to its clients, taking advantage of AFEX’s API technology. MoneyNetint services clients around the world, processing and facilitating transfers of billions of dollars every year. The AFEX…

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CLS
March 09, 2020 BY Steffy Bogdanova

Sumitomo Electric Industries becomes third-party participant in CLSSettlement

CLS, US settlement services provider in the foreign exchange market, announced yesterday the first Japanese manufacturing company to access CLSSettlement as a third-party participant, Sumitomo Electric Industries (SEI). SEI is manufacturer of electric wire and optical fiber cables and is ranked in the Fortune Global 500. The company has a diverse global business portfolio in…

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cysec cif licence suspension
March 09, 2020 BY Steffy Bogdanova

CySEC suspends CIF licence of Prior Capital Cy Ltd

The Cyprus Securities and Exchange Commission (CYSEC) announced in the end of last week the suspension of Cyprus Investment Firm (CIF) authorisation of Prior Capital Cy Ltd. The agency suspended CIF licence number 221/13 because of suspicions of an alleged violation of the Investment Services and Activities and Regulated Markets Law of 2017 regarding the…

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fca warning
March 09, 2020 BY Steffy Bogdanova

Open Hub Pro, Fx Pro, Bitmex and others added to FCA warning list

UK watchdog FCA has put out the details of several unregulated companies and clone firms this week. The names of the latest additions to the regulator’s warning list are the companies [email protected]; [email protected], Open Hub Pro, Fx Pro, GMGFX, Citigroup Asset Management / Citibank Asset Management, Bitmex, MTI24, Lend Finance, FX Goat / @_samfx_ and MCM FX / MCMFX. According to the…

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avelacom
March 06, 2020 BY Steffy Bogdanova

Avelacom expands to Virginia with direct connection to Amazon AWS North America

Avelacom expands to a wider variety of cryptocurrency markets, making it easer for institutions to take advantage of arbitrage and other latency sensitive strategies. Global connectivity and IT infrastructure provider, Avelacom, launched a new point-of-presence (PoP) in Ashburn, Virginia, with direct connectivity to Amazon AWS US – East–1 region. Its most popular route for cryptocurrency…

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fxcm launches stock baskets
March 06, 2020 BY Steffy Bogdanova

FXCM introduces commission-free equity trading

FXCM Group, LLC, international foreign exchange trading, CFD trading, cryptocurrencies and related services provider, announced its expansion into equity trading with the launch of a commission-free trading service in collaboration with Interactive Brokers. Equity trading is one of the most popular investment securities for retail traders. FXCM will create a dedicated online and mobile trading…

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