It will also: ensure BBY continues to be required to have arrangements for compensating retail clients for loss or damages suffered as a result of breaches of the Corporations Act by the companies or their representatives. ASIC had suspended BBY’s licence for three years on 28 May 2015 following the appointment of Stephen Vaughan and…
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Sam Goh, Founder and Chief Executive Officer of Samtrade FX, commented: Richard joins us at an exciting time! Earlier this year, the Group achieved a new milestone and its affiliate, S.A.M. Trade (Asia) Pte Ltd became publicly traded on the U.S. OTC Markets, under the symbol (OTCMKTS:SMFX). We look forward to Richard's strategic insights as…
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ASIC announced that Societe Generale Securities Australia Pty Ltd (SGSAPL) has met the additional Australian financial services (AFS) licence conditions imposed on the company and they were removed on 3 June 2021. The licence conditions imposed on SGSAPL in June last year required the company to appoint an independent expert to assess and test the…
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The trading app launched crypto trading in 2018 and now cryptocurrencies such as Bitcoin and Ethereum are available for trading. About a half of the users on the app are first-time investors. This year has been particularly volatile for crypto trading. SEC Chairman Gary Gensler is expected to make a number of new policies and…
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Matt Porter, Head of Operations at ATFX Connect, commented: Mr Steve Whittet, who has a 25-year Career in the sector and has served in senior roles at both Banks/Brokers collecting experience in client relations, institutional sales, would play a key role in accelerating the global growth of ATFX Connect. His appointment is a further sign…
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Paul Houston, Global Head of FX Products, CME Group, commented: FX Link is the tradeable spread between OTC FX spot and CME listed FX futures and therefore represents a cleared and capital-efficient pool of firm liquidity for FX swaps traded on our central limit order book. Bloomberg customers can now seamlessly view and execute trades…
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ASIC revealed today that SGSAPL has met the licence conditions’ requirements, including providing attestations from a senior executive and a board member. LeapRate reported last year that the regulator initially imposed these conditions following an investigation conducted by ASIC into reports lodged by SGSAPL concerning securities breaches with “client money”. Client money provisions protect clients…
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GOLD Gold continues to trade inside a triangle pattern between $1,800 and $1,760 with no bullish reversal signs in sight so far. Indeed, the current global optimism has caused traders and other mid-term investors to rotate away from defensive values and safe havens to riskier assets, which represents a strong bearish market driver for gold.…
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The Active Investor platform offers tools built with HTML5 technology to allow for a responsive design and seamless integration. The solution is also flexible and allows for streaming content, advanced charting and analytics tools, and a ‘plug and play’ range of components, data and functionality. Users can customize the layout, capabilities and content based on…
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Alan F. Schwarz, FXSpotStream Co-founder and CEO commented: We are extremely excited to be live with our Algos and Allocations API offering. The team has done a tremendous job getting the offering live on schedule despite some challenging conditions related to the global pandemic. Alan F. Schwarz, continued: Clients currently do not pay a fee…
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