FMA claims that Speed Solutions Ltd, trading under the name "Arotrade", may be involved in a scam. The company is not registered in New Zealand and it is not on the New Zealand Financial Service Providers Register. The agency also noted that Arotrade and Speed Solutions appear in the Monetary Authority of Singapore (MAS) alert list as…
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LR: How could ATFX (Retail) and ATFX Connect (Institutional) influence the market in 2020? Wei: Both ATFX and ATFX Connect will continue to transform the forex trading industry by providing technology-led, innovative tools to our clients. We plan to launch several new products and education services that address gaps in the market. The Forex industry is…
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The Securities and Exchange Commission announced yesterday a temporary flexibility for registered funds affected by the recent volatile market situation to borrow funds from certain affiliates and to enter into certain other lending arrangements. The relief is interceded to provide funds with additional tools to manage their portfolios so that all shareholders as investors may…
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MAS will secure USD, in exchange for SGD through the US Federal Reserve and lend the USD to banks in Singapore through the new MAS USD Facility. The first auction will take place this Friday and US$10 billion in 7-day funds will be offered to help the increased end-of-quarter demand for USD during this period.…
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The company has a capital markets license with the MAS that allows CFH to offer OTC Derivatives Contracts and leverage products in line with the agency regulations. The available products will be Spot FX, precious metals and energies and global stock indices. Alex MacKinnon CEO, CFH Singapore said: We recognise the many benefits of Singapore…
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As the business opportunities in the offline market expand, GMO FG’s listing will also raise the social recognition and credibility of the company. The listing will also advance service and system development capability through the procured capital which will also facilitate GMO-FG’s 2 medium to long term sustainable business growth. GMO FG’s shares are owned…
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“Smart cities” have seen accelerated development globally. Residents use autonomous vehicles for transportation, energy is used efficiently with devices tracking real time the consumption of electricity and gas. Toyota announced its plans in January for building a sustainable prototype in early 2021. The Woven City will be built in a 175-acre site at the foot…
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The agency reported to have received a report from a New Zealand resident who was cold-called by Tung Shun Securities Limited regarding investment opportunities in AB Research Partners Inc. Neither of the two companies, Tung Shun Securities Limited and AB Research Partners Inc, has been registered as a financial service provider in New Zealand. The companies are…
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Datuk Syed Zaid Albar, SC Chairman commented: The unprecedented scale of challenges we are facing today demands measured responses that offer relief in the short term and support for longer term recovery. The SC is constantly monitoring the situation and weighing all available options. We would like to assure all market participants that the capital…
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Prime Minister Scott Morrison said: More stronger measures will be coming and they will be coming in more localized areas to deal with outbreaks. What that means is, what may be necessary in a part of Sydney may not be necessary at all in … other parts of the country. Treasurer Josh Frydenberg stated that…
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