After reporting record trading volumes in the first half of the year, multibank FX aggregation service FXSpotStream has reported figures indicating that July volumes were down slightly from June, off 9% to $27.7 billion ADV versus $30.4 billion the previous month. We'd note, however, that June's $30.4B figure was an all-time best for the company.…
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After a record first half of the year which saw more than $2 trillion of client trading volumes booked, FCA and CySEC licensed Retail FX broker Exness has reported July FX trading volumes of $343.5 billion - 11% above June's $308.6 billion and one of Exness' busiest months ever. Exness saw 44,135 active traders in July, up from…
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Usually it's criminal groups and organizations that perform serious cryptocurrency thefts. This time, however, is a Boston high-school valedictorian who committed a $2-million crypto crime. The name of the student is Joel Ortiz, who was named the valedictorian at his Massachusetts high-school, and who was also known for his proficiency in programming and high-tech skills,…
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The following article was written by Jasper Lawler, Senior Market Analyst at FCA regulated broker LCG. The BoE will give its highly anticipated interest rate decision on Thursday. Despite all the uncertainty surrounding Brexit, the central bank is widely expected to raise interest rates by 0.25% to 0.75%, a move which had initially been planned for…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Purple Bridge Services Limited. 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 or giving out the following details as part of their…
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The Australian Securities and Investments Commission (ASIC) has just informed the public that it has cancelled the Australian Financial Services (AFS) license of NSW Independent Insurance Brokers Pty Ltd after finding it has ceased to carry on a financial services business. NSW Independent Insurance Brokers’ AFS license cancellation became effective on 19 July 2018. ASIC…
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SharesPost, a provider of private company liquidity solutions and private capital markets research, has announced a new partnership with Lightyear.io, a software company that develops applications and infrastructure for the Stellar ecosystem. The partnership entails adding the Stellar Decentralized Exchange, a decentralized digital asset exchange, to SharesPost’s Global Liquidity and Settlement System (GLASS) as an…
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Clearstream, the international central securities depository (ICSD) of Deutsche Börse Group, has just announced that it expands its international coverage by opening a new domestic link to Kazakhstan on 30 July 2018. The link will help foreign investors to access the local market and enables Clearstream to offer Kazakhstan government bonds and National Bank notes.…
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As the world marks a day against trafficking in persons, Rani’s Voice, a global social enterprise focused on human trafficking prevention, announced that it is joining forces with information giant Thomson Reuters (NYSE:TRI) in a public-private coalition, to help step-up the fight against financial crime and modern slavery. Human trafficking and other financial crimes have…
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The Board of the International Organization of Securities Commissions (IOSCO) today published eight recommendations to assist trading venues and regulatory authorities in the implementation of mechanisms to manage extreme volatility and preserve orderly trading. IOSCO is the leading international policy forum for securities regulators and is recognized as the global standard setter for securities regulation.…
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