Tag: APAC

Edgewater Markets deploys forex trading and pricing engine in Singapore
July 20, 2021 BY Steffy Bogdanova

Edgewater Markets launches forex trading and pricing engine in Singapore

Chief Product Officer of Edgewater Markets, Brian Andreyko, added:. With local SG1 based trading infrastructure, pricing, trading, and order matching, our internal trading foreign exchange volumes will execute with bespoke local connectivity and all of our liquidity consumers and white label trading partners will benefit from better price discovery, lower latency, and improved execution quality.…

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July 19, 2021 BY Alan Sayer

Malaysian police go viral as they crush Bitcoin mining rigs

Mining for Bitcoin is not illegal in Malaysia, which is partly why Malaysia is one of the most popular countries for Bitcoin miners. It currently comes into the top 10 mining locations, accounting for over 3% of the total Bitcoin mining in the world. However, bitcoin mining does attract criminals, with most opting to steal…

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FP Markets announces launch of new Social Trading platform
July 15, 2021 BY Alan Sayer

FP Markets adds more than 500 share CFDs to its listings

Craig Allison, FP Markets head of the Middle East, Europe and Africa, commented: The interest around equities has reached an all-time high globally and it is important for us to continually evolve and expand our product range in line with increased client demand for a greater diversity of our range of share CFDs. The addition…

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PrimeXM expands in Asia with new data centre in Singapore
July 09, 2021 BY Steffy Bogdanova

PrimeXM expands in Asia with new data centre in Singapore

The company also underwent a compliance readiness assessment based on the Association of Banks in Singapore (ABS) Guidelines for Outsourced Service Provider Audit Report (OSPAR) by PwC. This audit report is the framework that external auditors use to validate the service provider’s controls against the criteria stated in the guidelines of the association. The readiness…

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Acquisition
July 01, 2021 BY Steffy Bogdanova

Cboe Global Markets finalises acquisition of Chi-X Asia Pacific

In the announcement, Cboe revealed it plans to fully integrate Chi-X Asia Pacific into its existing global business operations and technology platforms. This process will begin with the integration of Chi-X Asia Pacific and BIDS. Cboe plans to migrate Chi-X Australia and Chi-X Japan its trading platform thereafter. Toru Irokawa, Representative Director and President at…

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BlackBull Markets partners with Commission Junction
July 01, 2021 BY Steffy Bogdanova

BlackBull Markets teams up with Commission Junction

BlackBull Markets’ Chief Business Development Officer, Anish Lal, commented: The BlackBull Markets product and services offering is highly competitive in the marketplace. We know this because of the phenomenal growth in market share we experience year-over-year. Clients are moving to BlackBull Markets from our competitors at a startlingly fast pace. Anish Lal stated that BlackBull…

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June 28, 2021 BY Steffy Bogdanova

FCA bans Binance in the UK following Japanese warning

This huge blow to the crypto exchange giant comes as a reaction to a warning placed by the Japanese regulator, the FSA, which on Friday stated that Binance had been offering its crypto exchange services to customers in the country without ever having officially registered with the Financial Services Agency. The latest warning is the…

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ASIC
June 28, 2021 BY Steffy Bogdanova

ASIC cancels the AFS licence of BBY Limited

It will also: ensure BBY continues to be required to have arrangements for compensating retail clients for loss or damages suffered as a result of breaches of the Corporations Act by the companies or their representatives. ASIC had suspended BBY’s licence for three years on 28 May 2015 following the appointment of Stephen Vaughan and…

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Hong Kong SFC
June 25, 2021 BY Steffy Bogdanova

Hong Kong SFC fines Deutsche Securities Asia $2.45 million

The SFC reported that in July 2018, Deutsche Securities’ prime brokerage clients replied to the incorrect statements and oversold bonus shares issued by three Hong Kong-listed firms. The regulator revealed that Deutsche Securities discovered the issue within the same month of issuing the incorrect statements and in the following month tracked the problem to a…

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Societe Generale
June 24, 2021 BY Steffy Bogdanova

Societe Generale meets additional licence conditions imposed by ASIC

ASIC revealed today that SGSAPL has met the licence conditions’ requirements, including providing attestations from a senior executive and a board member. LeapRate reported last year that the regulator initially imposed these conditions following an investigation conducted by ASIC into reports lodged by SGSAPL concerning securities breaches with “client money”. Client money provisions protect clients…

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