Sam Boughedda
LeapRate Analyst
September 24, 2024 BY Sam Boughedda

ATFX Relocates MT Trading Servers to Hong Kong and London

The move is aimed at optimising services for clients across China, Southeast Asia, Australia, the Middle East, North Africa, and Latin America, ensuring faster and more stable trading experiences, according to the company. By partnering with Equinix, a colocation and interconnection vendor, ATFX said it has leveraged the company's network infrastructure to enhance performance and…

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FCA
September 23, 2024 BY Sam Boughedda

PayAfrique.com's Small Payment Institution Registration Cancelled by FCA

The FCA took the action due to PayAfrique.com's failure to comply with regulatory obligations. Specifically, the regulator said the company failed to submit annual reports (Returns) for the past two years (2022 and 2023) despite its repeated requests. "The Authority has concluded, on the basis of the facts and matters described above, that by failing…

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September 23, 2024 BY Sam Boughedda

Italian Regulator Blocks Access to 4 Sites that "Offer Financial Services Illegally"

The websites allegedly offered financial services without proper authorisation, posing a risk to Italian investors. CONSOB's action leverages authority granted by the "Growth Decree" (Law no. 58 of 2019), which empowers them to restrict access to websites offering unauthorised financial services within Italy. The targeted websites include FCapital24 (fcapital24.org), Multibank Group (multibankfx.com), Stocket (www.stocket.me), and…

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September 23, 2024 BY Sam Boughedda

Revolut Adds Nearly 2 Million Customers in 2024

The achievement comes as the company has seen a substantial increase of nearly 2 million customers in 2024 alone, solidifying its position as one of the largest payments businesses in the market. Founded in the UK in 2015, Revolut has expanded rapidly both domestically and internationally. The company now has a global customer base of…

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Trading on a mobile
September 20, 2024 BY Sam Boughedda

MetaQuotes Adds Real-time Nasdaq Data

The new feature is said to offer users access to detailed market data, enabling more accurate decision-making and efficient risk management. The company said in its press release that by subscribing to Nasdaq data, users can benefit from receiving real-time tick data, "providing information on every price change and enabling deeper market analysis." Additionally, users…

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StoneX
September 20, 2024 BY Sam Boughedda

StoneX Agrees to Pay $20,000 Settlement to ICE Futures

The settlement comes after an investigation into a potential wash trade in the Cocoa Futures market. According to a disciplinary notice released by ICE Futures, a StoneX employee may have placed opposing buy and sell orders for the same principal on April 27, 2023. The firm explained that the orders, which were executed in the…

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September 20, 2024 BY Sam Boughedda

HSBC's Trial of Quantum-Secure Technology for Tokenised Physical Gold Successful

The breakthrough, according to the bank, marks a significant step in safeguarding digital assets from potential future quantum computing attacks. HSBC, which pioneered tokenised physical gold offerings for institutional and retail investors, explained that it utilised post-quantum cryptography (PQC) and Quantum Origin technology to secure its gold tokens. The technology is said to protect against…

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September 19, 2024 BY Sam Boughedda

ASIC Gains New Powers Under Australian Financial Market Infrastructure Reforms

In a press release, the regulator explained that the FMIs, which include entities such as financial market operators, benchmark administrators, clearing and settlement facilities, and derivative trade repositories, play a vital role in facilitating trading in Australia's capital markets. The new laws, part of the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill…

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September 19, 2024 BY Sam Boughedda

GTN Promotes Zaid Aloul to Chief Commercial Officer for Middle East

In his new role, GTN said Aloul will play a pivotal role in driving the company's commercial strategy and expansion efforts across the region. Aloul has more than two decades of experience in the brokerage and wealth management sectors in the GCC and the Levant. His understanding of the regional market and his strong relationships…

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September 19, 2024 BY Sam Boughedda

Barchart and SIGMA Join Forces to Deliver AI-Powered Trading Insights

The companies said in a press release that the partnership aims to leverage the strengths of both companies and deliver cutting-edge tools and insights for traders. The partnership hinges on integrating Barchart's extensive market data across various asset classes with SIGMA's AI-driven analytics platform, with the integration expected to create a wide-ranging solution. This solution…

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