90% of institutional investors worried over Japan’s tougher rules on foreign investment LeapRate

December 27, 2019 BY Valentina Kirilova

90% of institutional investors worried over Japan's tougher rules on foreign investment

Japan times reported earlier this week that according to a private survey nearly 90% of institutional investors are worried about the possible negative effects of a law revision, tightening restrictions on foreign investment. The law was enacted in November 2019 and is expected to take effect around May next year. The new law requires foreign investors to notify…

December 27, 2019 BY Valentina Kirilova

Taiwan Futures Exchange launches real-time market data feed in 2020

The Taiwan Futures Exchange (TAIFEX) has announced that as of 23 March 2020, it will start providing real-time market data feed. The exchange will also introduce continuous trading on Taiwan’s stock market, which currently adopts the call auction trading method during trading hours. Market participants and information vendors will be able to choose to connect to…

China to carry out the initial real-world trial of its central bank digital currency

December 25, 2019 BY Mariela Naydenova

China seizes 7,000 crypto mining machines

The fight against the mining of cryptocurrencies continues with full force. It is a well-known fact that the mining of Bitcoin and other digital coins drains a huge amount of electricity and this cost often comes at the expense of the respective government. While in China it's no longer a crime to found mining operations,…

December 23, 2019 BY Mariela Naydenova

ASIC secures regulatory proceedings against USGFX representatives

The Australian Securities & Investments Commission (ASIC) has announced that the Federal Court in Sydney has issues asset restraint orders against Corporate Authorised Representatives of OTC derivatives provider USGFX, or Union Standard International Group Pty Ltd. ASIC has sought to issue the restraint orders in order to protect customers while an investigation against USGFX is underway. The Federal…

December 23, 2019 BY Valentina Kirilova

Daily market commentary: The euro is finding support on the back of good news

ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for December 23, 2019. This is not a trading advice. See details below: FOREX At a time of subdued market activity due to the holiday season, the euro is finding support on the back of good news on the international trading front.…

December 20, 2019 BY Mariela Naydenova

Hong Kong's fintech company WeLab raises $156 million in Series C round

Fintech is exploding in Hong Kong and the entire APAC region. The latest winner in terms of funding goals is the Hong Kong-based fintech company WeLab that just raised $156 million during its Series C funding round. Some of the investors included the China Construction Bank and Alibaba Hong Kong Entrepreneurs Fund. The Founder and CEO…

December 20, 2019 BY Mariela Naydenova

The World Federation of Exchanges responds to MAS regarding derivatives contracts on crypto assets

The WFE (the World Federation of Exchanges), the global industry group for exchanges and central counterparties called CCPs, has recently given a response to MAS, the Monetary Authority of Singapore's Consultation Paper on Proposed Regulatory Approach for Derivatives Contracts on Payment Tokens or so crypto assets. The response given by WFE stresses the significance of the role…

December 20, 2019 BY Valentina Kirilova

Torstone Technology expands in Hong Kong, introduces risk management platform RiskMine

Torstone Technology, a provider of post-trade securities and derivatives processing technology, has announced earlier this week a number of senior hires and the expansion of its Hong Kong office. Several senior appointments have been made across Professional Services, Client Support and Sales function. Simon Tang joins Torstone as the Head of Professional Services APJ. LeapRate…

December 19, 2019 BY Valentina Kirilova

CFH Clearing adds more single stock CFDs to its product range

Busy week for FCA regulated CFH Clearing, TradeTech Group’s liquidity provider and Prime of Prime brokerage, as it has just announced that it has extended its single stock CFD product range with a wide selection of additional stocks from the US, Europe, Hong Kong and Australia. LeapRate reminds that earlier this year, CFH launched single…

December 19, 2019 BY Valentina Kirilova

Australian watchdog cancels the AFS licence of KP International Group Australia

Australian regulator ASIC has announced earlier today that it has cancelled the Australian financial services (AFS) licence of Sydney-based financial services provider KP International Group Australia Pty Ltd, effective 22 November 2019. This is not the first time ASIC suspends the company's licence, it was previously suspended until 23 September 2020. KP International Group Australia…

Tag: APAC