Mr. Ananda Kathiravelu, of Perth, Western Australia, is a a corporate adviser to a series of Australian companies, including Armada Capital Pty Ltd. Kathiravelu has been in the financial services business for over 20 years and has served as a director to a number of companies. Mr. Kathiravelu has been charged with conspiracy to manipulate…
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The Cyprus regulator CySEC has made a new announcement today regarding the withdrawal of the AIFLNP authorisation of two companies. The latest additions to CySEC's list are Quantelion Fund Ltd and MESSINA FUND VCIC LTD. Quantelion Fund Ltd’s authorization is with number LPAIF88/2014 and MESSINA FUND VCIC LTD's authorization is with number LPAIF66/2014. According to…
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ACY Securities, a Sydney based ASIC-regulated multi asset broker, just announced that it has teamed up with Finlogix, an emerging fintech provider in the global derivatives markets. Finlogix provides a technologically inspired suite of trading widgets designed to equip traders with cutting-edge tools such as live market data, real-time HTML 5 charting, an all-encompassing economic…
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New Zealand Financial Markets Authority (FMA) has recently added another name to its list of unregulated firms. The latest addition is the company Ashwood Holdings Limited. According to the regulator, Ashwood Holding Limited and www.ashwoodholdingsltd.com could be involved in a scam which is associated with Grace Investment, Regal Investment, and Duke Valentines Limited. It is…
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Deutsche Börse Group and its post-trade services provider Clearstream announced earlier this week that they have opened a brand news office in Cork, Ireland. Expanding its footprint in Cork, the move to the new location “NSQ1” reflects Clearstream’s growing funds business. Earlier this year, Clearstream had already moved its operations to Navigation Square. In total,…
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The UK Financial Conduct Authority (FCA) has put out details of two clone firms today. The names of the clone companies are ICAP Investment and Cabinet Klienmann Sarl. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using…
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Fintech company Integral just released its volumes report for the month of August 2019. Average daily volumes (ADV) across Integral platforms totaled $34.5 billion last month - an increase of 1.2% compared to July 2019 and 3.0% YoY. LeapRate reminds that in 2018 Integral invested in Mint Exchange, a cryptocurrency clearinghouse designed for institutions. Mint Exchange…
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Australian regulator announced earlier this week that it has suspended the Australian financial services (AFS) licence of Queensland-based financial services provider Financial Options Pty Ltd. The licence is suspended until 26 February 2020. According to the regulator, Financial Options was not meeting its obligations as an AFS licensee. The company has failed to have a dispute…
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We are into the ninth month of the year, and we are still waiting patiently for the SEC to approve a Bitcoin Exchange-Traded Fund (ETF). Yes, the VanEck consortium decided to forego the retail market for now and launch a Bitcoin Trust for institutional investors only, but the SEC is still pondering what to do…
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Online FX and CFD broker ATFX has today announced the launch of its new institutional desk offering ATFX Connect. The latest offering is specifically aimed at professional clients and is part of AT Global Markets (UK) Ltd, which is an established broker based in the City of London. The company recently created an additional layer in…
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