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Fullerton Markets joins the Financial Commission, LordFX expelled
The Financial Commission revealed earlier this week that Fullerton Markets is the latest online brokerage to join the Commission’s ranks as a member. The company has joined the self-regulatory organization, underlining the growing demand for independent external dispute resolution (EDR) servic
ASIC releases 4-year corporate plan with focus on Tech Risks and CHESS Replacement
The Australian Securities and Investments Commission (ASIC) on Monday revealed its corporate plan for the period from 2022 to 2026. The regulator highlighted its priorities for product design and distribution and technology risks. Additionally, ASIC will also focus on sustainable finance through &ld
CySEC issues warning about six unregulated entities
The Cyprus Securities and Exchange Commission (CySEC) today alerted investors of several unregulated brokers. The regulator added seven unauthorized websites to its warning list which do not belong to entities authorised by CySEC to provide investment services. The six websites include: octatradings
Crypto.com secures regulatory approval from UK FCA
Cryptocurrency platform Crypto.com today revealed it has gained regulatory approval in the UK from the Financial Conduct Authority (FCA) as a cryptoasset business. The latest registration will allow Crypto.com to offer a range of products and services to UK customers. Kris Marszalek, Co-Founder and
AFSA grants Binance in-principle approval to operate in Kazakhstan
Crypto exchange Binance today revealed it has obtained an in-principle approval from the Astana Financial Services Authority (AFSA) to operate a Digital Asset Trading Facility and Provide Custody in the Astana International Financial Centre (AIFC). The in-principle approval requires Binance to compl
BlackBull Markets expands offering with acquisition of ATM Strategy Research
Financial services provider, BlackBull Markets today announced the expansion its financial products with the acquisition of independent research firm ATM Strategy Research. In the official announcement shared with LeapRate, the New Zealand-based company highlighted that ATM Strategy Research launche
StoneX net income jumps 44% to $49 million in Q3 FY22
Nasdaq-listed StoneX Group Inc. has released its financial results for the third quarter of the fiscal year 2022. For the three months between April and June 2022, the international brokerage, owner of Gain Capital, reported an operating revenue jump of 23% to $528.8 billion, compared to Q3 F21
FXSpotStream posts $64 billion ADV in July
FXSpotStream, provider of a multi-bank FX aggregation service for spot FX trading, has released its monthly metrics for July 2022. During last month, the average daily volume came in at $64.04 billion. July overtook June as the firm’s second highest ADV ever. The numbers increased 0.3% compare
Dukascopy sees profit surge 169% in H1 2022
Swiss financial trading services provider Dukascopy Bank SA saw increase in revenue in profits in the first half of 2022. The Geneva-based retail forex and CFDs brokerage posted revenue of CHF 14.43 million for the first six months of the year. The number marks a 26.7% increase compared to the same
CySEC withdraws CIF licence of MPS Marketplace Securities
The Cyprus Securities and Exchange Commission (CySEC) revealed on Tuesday that it has decide to withdraw the Cyprus Investment Firm authorisation of MPS Marketplace Securities Ltd (MPS), formerly known as SpotOption Exchange Ltd and S.O. Spotoption Ltd. The regulator’s decision follows the com
XTB sees a surge of net profit of 638%
The Polish CFDs and retail FX broker XTB has released its preliminary financial results for the first half of 2022. The company’s net profit jumped 638.4% in the first six months of the year to total of PLN 480 million compared to PLN 65 million during the same period the previous year. The op
CySEC warns CFDs brokers as its introducing additional controls to strengthening investor protection
The Cyprus Securities and Exchange Commission issued a warning on Thursday to Cyprus Investments Firms (CIFs). The message was particularly aimed at the ones trading in CFDs. The Cypriot regulator advised brokers to take immediate action and improve their practices or they will face enforcement acti
GCEX now offers 24/7 forex trading
Digital brokerage GCEX today announced it now offers 24/7 FX trading for institutional and professional clients. This move mirrors the firm’s digital assets offering, which offers 24/7 crypto trading. Lars Holst, CEO, GCEX commented: Lars Holst This is a significant announcement and another example
IG Group announces a £150 million share buyback programme
IG Group revealed on Thursday it has started a major share buyback program to repurchase ordinary shares of up to $150 million. The company has entered into a non-discretionary instructions with J.P. Morgan Securities plc to manage the first tranche of the share buyback programme which will be up to
New Zealand FMA censures Western Union for licence breaches
The Financial Markets Authority (FMA) has censured Western Union Business Solutions (Australia) Pty Ltd for violating the derivatives issuer licence requirements for net tangible assets (NTA). The Kiwi regulator’s Standard Conditions require derivatives issuers to maintain $1 million or 10% of avera
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