ASIC announces ban on unsolicited sale of financial products LeapRate

September 23, 2021 BY Steffy Bogdanova

ASIC announces ban on unsolicited sale of financial products

ASIC Deputy Chair Karen Chester commented: These changes put in place fairness protections, so consumers are not sold products they don’t want or don’t need. The restrictions mean consumer needs will be central to how firms offer products. Chester continued: The new hawking prohibition addresses long held concerns about poor consumer outcomes from unsolicited sales…

September 23, 2021 BY Steffy Bogdanova

Interactive Brokers hires Cecelia Zhong as Executive Director

Zhong added: I am pleased to join Interactive Brokers and work alongside such an accomplished team. As the financial landscape in Asia continues to evolve, I look forward to identifying and developing new business opportunities to ultimately benefit the company’s clients. Before Interactive Brokers, Zhong worked at NYSE Euronext where she was responsible for setting…

September 22, 2021 BY Steffy Bogdanova

TMGM signs a multi-year partnership with Gianluigi Buffon

Buffon is also a seasoned trader with more than 20 years of experience, making this partnership a perfect fit. Buffon commented: I enter a world that has always fascinated me and that I have been following closely for many years. The partnership will give the Italian goalkeeper a digital presence on TMGM.COM. Clients of the…

September 22, 2021 BY Steffy Bogdanova

INX partners with GMO to list regulated Japanese yen stablecoin

Corporate clients can take advantage of more efficient Japanese Yen-backed payment solution, with instant settlement in digital wallets as opposed to the traditional market T+2 experienced in the underlying asset. In the beginning, GYEN and ZUSD will be traded against the US Dollar and Bitcoin. The company said it will include additional pairs in the…

September 20, 2021 BY Steffy Bogdanova

Fullerton Markets enters an esports sponsorship with MiTH

CEO of Fullerton Markets Mario Singh, commented: We are thrilled to partner with Ampverse, the region’s leading esports organisation to expand our reach to young professionals via their favourite esports teams. As we segment and target different audiences, we have spotted parallel interests in today’s youths who are both immersed in esports and also well-informed…

September 15, 2021 BY Steffy Bogdanova

Vantage FX hires Eoh You Loong as Regional Strategy Director

Loong holds a Bachelor's Degree in Banking and Finance from the the London School of Economics and Political Science (LSE) David Shayer, UK Chief Executive Officer at Vantage FX, commented: Having You Loong onboard will certainly help to propel Vantage FX’s brand in APAC. We’re keen to ensure that we’re catering to the needs of…

September 08, 2021 BY Steffy Bogdanova

PayPal to acquire Japanese payments platform Paidy

Paidy's products like its Paidy 3-Pay monthly installment offering, has driven strong engagement with over six million registered users and played a key role in establishing strategic relationships with leading global brands and online marketplaces. Paidy’s integrations with PayPal and other digital and QR wallets through Paidy Link expands Paidy's reach to online and offline…

September 01, 2021 BY Steffy Bogdanova

LSEG launches a Singapore unit dedicated to sustainable finance innovation

LSEG has locations in London and Singapore and its customers and partners around the globe assist in the application of strategic analysis, emerging technology, data science and design thinking to solve demanding problems faced by the financial industry. The Singapore unit delivers a combination of data science, data engineering, design thinking and Environmental, Social and…

August 30, 2021 BY Steffy Bogdanova

smartTrade Technologies and Japanese FX company SBI Liquidity Market expand partnership

SBI and smartTrade’s partnership began in 2013 when SBI picked LiquidityFX as its connectivity, aggregation and smart order routing partner. SBI added smartTrade’s pricing and distribution modules three years later in order to grow its business outside Japan and provide liquidity to the rest of Asia. David Vincent, co-founder and Chief Executive Officer of smartTrade…

August 26, 2021 BY Steffy Bogdanova

Monitoring compliance for CFDs and binary options outlined as a priority for ASIC

Earlier this year, ASIC imposed restriction on CFD trading. In March, the regulator lowered the maximum leverage limit from 500:1 to 30:1. The Aussie watchdog also banned the sale of Binary Options to retail clients for 18 months in May this year, after which time it may be extended or made permanent. As a second…

Tag: APAC