December 31, 2015 BY Maria Nikolova

Phillip Capital Inc. becomes FINRA member, adds securities clearing to services

Phillip Capital Inc., a Chicago-based firm, which is part of the Singapore-based PhillipCapital Group, on Wednesday announced that it has become a Financial Industry Regulatory Authority (FINRA) member. As a result, Phillip Capital has expanded its financial services offering beyond futures and Forex to include self-clearing corporate equity and debt securities. The company will settle…

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December 30, 2015 BY Maria Nikolova

China's c-bank puts on hold Forex operations of some foreign banks

The People's Bank of China (PBOC) has issued suspension notices to at least three foreign banks regarding their Forex businesses, in a move underlining the stringent controls of the financial sector in China. According to a Reuters report, citing anonymous sources with knowledge of the matter, China's central bank has suspended the banks from conducting…

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December 29, 2015 BY Maria Nikolova

Nasdaq Dubai applies for designation as National Numbering Agency in DIFC

The Dubai Financial Services Authority (DFSA) today announced that it has received a request from Nasdaq Dubai Ltd to obtain designation as the National Numbering Agency (NNA) for the jurisdiction of the Dubai International Financial Centre (DIFC). The role of the NNA is to accept registration information from issuers of new financial instruments such as…

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December 29, 2015 BY Maria Nikolova

Capital Markets Board blocks access to MXTrade's Turkish website

After getting regulatory warnings in Italy and Cyprus earlier this year, Forex broker MXTrade has locked horns with Turkey's vigilant financial regulator – the Capital Markets Board (CMB). In its latest bulletin, which was out on Monday, December 28, 2015, the regulator announced sanctions against the brokerage. The regulator said it had conducted an investigation into the…

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December 29, 2015 BY Maria Nikolova

Dubai regulator warns against fraudsters claiming to work at Barclays

The Dubai Financial Services Authority (DFSA) today published a warning regarding an online scam involving abuse of the name of the DFSA’s Chief Executive and fraudulent impersonation of employees of Barclays Bank PLC UAE. The case is defined as an advance fee scam, with fraudsters sending e-mails to apparent customers of Barclays telling them to…

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December 29, 2015 BY Maria Nikolova

People's Bank of China publishes rules for online payments

People's Bank of China (PBOC) on Monday published details regarding regulations of the booming online payments sector, which are set to come into effect on July 1, 2016. The new rules restrict the size of payments done from non-bank payment accounts and introduce certain requirements for registration. In particular, the size of payments through such…

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December 28, 2015 BY Maria Nikolova

Spotware Systems launches three new marketing tools for cTrader platform

Spotware Systems, the developer of multi-asset trading platform cTrader, keeps enhancing the solution. After releasing a set of exciting updates in November, such as new alerts and free chart moving, the company today announces the addition of three new marketing tools available to brokers. The new tools include: Dividends Payments for Equity CFDs, Dynamic Commission Discounts…

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December 28, 2015 BY Maria Nikolova

Alpari adds news and analysis service FxWirePro to MT4 trading platform

Retail Forex broker Alpari Limited today announced the launch of a new service – FxWirePro – which enables traders to read news and comments from leading economists right in the MetaTrader 4 (MT4) trading platform round-the-clock and in real time. The main characteristics of FxWirePro which distinguish it from other news services is the careful…

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