FXOpen Loses Australian Licence Over Compliance Concerns LeapRate

September 04, 2024 BY Sam Boughedda

FXOpen Loses Australian Licence Over Compliance Concerns

The cancellation follows an ASIC investigation that uncovered "serious concerns" about FXOpen AU's ability to properly oversee its financial services and meet its licensing requirements. ASIC explains that the investigation identified shortcomings in FXOpen AU's human resources, specifically its lack of qualified personnel to deliver financial services and maintain adequate supervisory arrangements. In addition, ASIC…

September 03, 2024 BY PureContent

Weekly data: Oil and Gold: Price review for the week ahead

The most important economic data for this week are: US manufacturing PMI, BoC interest rate decision, US services PMI, US job report Tuesday: US manufacturing PMI at 14:00 GMT. The consensus is for an increase from 46.8 to 47.8 points. Even though the expectations are for an improved image of the manufacturing sector in the…

September 03, 2024 BY Sam Boughedda

Saxo Bank and Leonteq Partner for Structured Products Manufacturing and Distribution

As part of the collaboration, Leonteq explained that Saxo will adopt a white-labelling issuance model developed by Leonteq, becoming a sponsor responsible for distributing Saxo-guaranteed structured products to its extensive client base via its platforms for investors and traders. Leonteq, in turn, has secured an international distribution mandate from Saxo, granting it access to Saxo's…

September 03, 2024 BY Sam Boughedda

dxFeed Announces PriceSquawk Integration

The collaboration with PriceSquawk, an audible trading tool, aims to enhance the trading experience for retail traders by delivering CME Group and Nasdaq Level 1 data through an "innovative audio tool." PriceSquawk is well-known for its ability to convert market data into audible trade sounds, enabling traders to listen to price action, buying and selling…

September 03, 2024 BY Sam Boughedda

DXtrade Partners with Traders Connect for Copy Trading Integration

As part of the new partnership, brokers and traders utilising the DXtrade CFD platform will gain access to advanced copy trading capabilities. Traders Connect is known for its cross-platform trade copying, high-speed execution, and advanced analytics. Its cloud-based functionality eliminates the need for software installation, allowing for trade copying across multiple platforms. Additionally, Traders Connect…

September 02, 2024 BY Leaprate Staff

ATFX Ranks 4th Globally in Q2 2024 Trading Volume with 43.75% Year-Over-Year Growth

This milestone underscores ATFX's strong competitive edge in the global financial markets and highlights significant growth in trading activity. Compared to the previous quarter, ATFX’s trading volume in Q2 2024 saw a significant increase of 22.45%, and an astonishing 43.75% year-on-year growth. These impressive growth rates are not only a solid foundation for the…

September 02, 2024 BY Sam Boughedda

Danske Bank CFO Stephan Engels to Retire, Cecile Hillary to Take Up Role

Engels, who joined Danske Bank in April 2020, will resign from his position on March 1, 2025. In his statement, Engels expressed gratitude for the opportunity to have been part of Danske Bank and expressed confidence in the organisation's future. "I am confident that when the time comes next year, I will be able to…

August 23, 2024 BY Elizabeth Anderson

WeRide Delays Its Intended US IPO

The firm was expected to put up 6.5 million American depository shares (ADS) valued at between $15.50 and $18.50, and aimed to raise an estimated $440m with its US IPO. The listing deadline was set for the week ending 23 August 2024. In a Thursday 22 August 2024 statement, WeRide said: Updating transaction documents is…

August 23, 2024 BY Robert Bell

McDonald’s Hacked In Crypto Scam

Posts began to appear on Wednesday 21 August, with the five million followers of McDonald’s on Instagram seeing the grimace memecoin promoted. This token is based on the Solana blockchain and its market value began to rise, apparently due to the hacked account. The value of grimace began to climb until its market cap reached…

August 23, 2024 BY Elizabeth Anderson

Evergrande Offshore Creditors Have A Chance To Get Some Money Back

Reuters reported that, according to a January 2024 Hong Kong court ruling, Evergrande’s creditors are “de facto shareholders” in the company’s onshore assets. The property developer’s offshore debt is estimated at about $23bn. Shareholders are usually last in line when it comes to liquidated debt settlements. However, in relation to the Evergrande electric vehicle (EV)…

Category: Forex