Daily market commentary: The Euro is on the fourth consecutive day of gains against the dollar LeapRate

May 29, 2020 BY Valentina Kirilova

Daily market commentary: The Euro is on the fourth consecutive day of gains against the dollar

EUROPEAN SHARES Shares opened lower throughout Europe as uncertainty rises ahead of what may prove to be an eventful day. Even if simmering Sino-US tensions are nothing new to investors, the relationship between the two blocs has now become the biggest source of uncertainty to markets. President Trump is set to hold a press conference…

May 29, 2020 BY Steffy Bogdanova

MAS blocks unregulated overseas online trading platform Arotrade

The police and MAS have determined that Arotrade is in breach of the Securities and Futures Act (SFA) and IMDA assessed that the information on its constitutes prohibited content under the Internet Code of Practice (ICOP). ). IMDA has directed Internet Access Service Providers (IASPs) to block access to Arotrade’s website from Singapore residents. The…

May 28, 2020 BY Steffy Bogdanova

ASIC cancels Squareknot’s AFS licence and suspends Forex Plus Australia’s one

ASIC discovered that Forex Plus had not been providing financial services for some time. The company also failed to lodge its audited accounts for a number of years. AFS licensees are required by law to lodge their audited accounts annually to demonstrate that they have adequate resources to provide the services. ASIC did not cancel…

May 27, 2020 BY Steffy Bogdanova

HKEX and MSCI to launch suite of indexes in Asia and Emerging Markets futures and options contracts

Charles Li, Chief Executive, HKEX commented: This is very exciting news indeed for Hong Kong and HKEX. As the global markets leader in the Asian timezone, and reflecting our unique role connecting markets and investors across the world, we are very pleased to today be announcing this major agreement with MSCI. Bringing enhanced liquidity to…

May 27, 2020 BY Steffy Bogdanova

New Zealand FMA adds New Economic Evolution of the World to its warning list

The New Zealand regulator found that New Economic Evolution of the World (NEEW) (formerly Skyway Investment Group, Skyway Capital, Skyway Group) website lists bank account number in the name of a third party in Russia. “RTN” Limited Legal address: 664081, Irkutsk, Krasnokazachya st. 133/5 INN/KPP: 3811031100/381101001 OGRN: 1153850012557 Registration date: 24.03.2015 г. Payment account: 40702810448100001478 Correspondent…

May 27, 2020 BY Valentina Kirilova

A look at the ASX 200 as it heads into its third decade of trading

The relationship with other indices As with all indices, market sentiment is crucial in driving the value of the ASX 200. It is important to monitor that public sentiment when trading in ASX 200 futures, with the IG online trading platform providing up-to-date analysis on whether traders are generally adopting long or short positions on the…

May 27, 2020 BY Steffy Bogdanova

South Korea’s fintech sandbox raises $110 million funding

The regulator has reported that 36 fintech services have launched through the sandbox after close monitoring for a year. Another 66 services are finishing their final stages, expected to go live sometime in 2021. The $110 million raised in venture capital through the sandbox was brought by 16 of the 54 fintechs in the programme.…

May 26, 2020 BY Steffy Bogdanova

Former Spectrum Wealth adviser banned from providing financial services for five years

ASIC found that Lewis advised his clients to use a Limited Recourse Borrowing Arrangement (LRBA) to fund the purchase of real property through a self-managed superannuation fund (SMSF). In addition, Lewis also provided insurance advice to his clients. When giving this financial advice, Lewis did not asses whether SMSF and borrowed funds to invest in…

May 25, 2020 BY Steffy Bogdanova

ISignthis criticizes ASX for requesting sensitive information as its contract with Visa ends

iSignthis added in its letter criticism of ASX and its quiry seeking sensitive details about its partnership with Visa. iSignthis stated: The company has advised ASX that it is inappropriate for it to be requesting and releasing information regarding current negotiations and submissions, as it may compromise our ability to reach outcomes of best effect…

May 22, 2020 BY Steffy Bogdanova

Hong Kong shares tumble as China plans new security law

Morgan Ortagus, a State Department spokeswoman stated: Any effort to impose national security legislation that does not reflect the will of the people of Hong Kong would be highly destabilizing, and would be met with strong condemnation from the United States and the international community. Ortagus added: We urge Beijing to honor its commitments and…

Tag: APAC

Daily market commentary: The Euro is on the fourth consecutive day of gains against the dollar

MAS blocks unregulated overseas online trading platform Arotrade

ASIC cancels Squareknot’s AFS licence and suspends Forex Plus Australia’s one

HKEX and MSCI to launch suite of indexes in Asia and Emerging Markets futures and options contracts

New Zealand FMA adds New Economic Evolution of the World to its warning list

A look at the ASX 200 as it heads into its third decade of trading

South Korea’s fintech sandbox raises $110 million funding

Former Spectrum Wealth adviser banned from providing financial services for five years

ISignthis criticizes ASX for requesting sensitive information as its contract with Visa ends

Hong Kong shares tumble as China plans new security law

AJ Bell’s Assets Under Administration Rise to £90.4bn

Monex Group to Acquire 20% Stake in Westfield Capital Management

LSEG Risk Intelligence and Docusign Partner to Boost Digital Contract Security

WisdomTree Partners with Marex On Structured Products Linked to ETFs

Interactive Brokers Launches Home Savings Account in Canada