Alan Sayer
LeapRate Analyst

Having gained a degree in economics, Alan entered the world of financial services starting his career in London and then moving to New York for a number of years. His first post at a City bank saw him establish a reputation as an forex trader. Having recently returned from New York after eight successful years, Alan is now a prosperous trader in his own right concentrating on commodities and forex.
Match-Prime Liquidity
June 06, 2023 BY Alan Sayer

Match-Prime and SquaredFinancial Announce Long-Term Collaboration Agreement

Stavros Economides, Chief Operating Officer at Match-Prime Liquidity, said: We are delighted to onboard SquaredFinancial, a leading brokerage firm that has established itself in the industry. Match-Prime has a very similar culture to SquaredFinancial, putting its clients needs first." Economides explained that his firm delivers "tailor-made solutions" to help companies such as SquaredFinancial sufficiently adjust…

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June 05, 2023 BY Alan Sayer

Nium Appoints European Senior Vice President and General Manager - Says European Reveneu Doubled Last Year

Sandhofer joins Nium from Payoneer, an American financial services firm that provides online money transfer and digital payment services. Before joining Payoneer in 2021, Sandhofer spent almost 10 years at UniCredit before co-founding Optile, a tech business that streamlines payment acceptance processes for merchants worldwide. Prajit Nanu, Nium's CEO and Founder, commented: Despite a challenging macroeconomic…

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June 05, 2023 BY Alan Sayer

Mercado Bitcoin Obtains Payment Institution in Brazil

The license also means the company can now offer digital banking services to its customers using held crypto assets. Moreover, there are also said to be plans for the exchange to establish a debit card with a crypto off-ramp offering. Mercado Bitcoin is a leading crypto exchange in the South American country, with more than…

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Interactive Brokers
June 02, 2023 BY Alan Sayer

Interactive Brokers Reveals DARTs Declines 19% YoY

Ending client credit balances were $98.7 billion, which includes $2.9 billion in insured bank deposit sweeps, representing an 8% rise from the prior year and a 1% decline compared to the previous month. Elsewhere, the average commission per cleared commissionable order came in at $3.08, including exchange, clearing, and regulatory fees. The average commission per…

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June 02, 2023 BY Alan Sayer

ASIC Issues DDO Stop Order Against Mitrade Global

ASIC's concerns were raised by a retail investor questionnaire that Mitrade used as a key step for compliance with its obligations. The questionnaire gave prompts to a prospective retail investor to review any "unacceptable answer" that would indicate that the investor was not likely to be in the target market for the products. They said…

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February 17, 2023 BY Alan Sayer

Fintech Firm Payoneer Receives UK FCA E-Money License

The company already holds licenses in countries such as Japan, the United States, Europe, Australia, Hong Kong, and India. Payments processed via Payoneer are made through a compliant, tightly audited, and secure payments platform supervised by financial regulators worldwide, the company states. The company said the new FCA authorisation demonstrates its commitment to the UK…

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CFTC
February 17, 2023 BY Alan Sayer

CFTC Charges Vista Network Technologies and CEO for Ponzi-Like Scheme

The CFTC says the defendants' representations were false because Vista never traded customer assets and did not even have a trading program capable of generating the promised returns. CFTC Acting Director of Enforcement Gretchen Lowe commented: This action demonstrates our ongoing commitment to use the tools at our disposal to hold bad actors accountable in…

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