Tag: APAC

ASIC office
February 07, 2020 BY Steffy Bogdanova

АSIC wins in binary options case against One Tech Media, Allianz Metro, Eustace Senese and Yoav Ida

The Federal Court found One Tech Media Ltd, (OTML), Allianz Metro Pty Ltd, Eustace Senese and Yoav Ida in breach of the Corporations Act for pressure sale of binary options. The Seychelles-based company OTML was caught trading binary options without Australian Financial Services Licence (AFSL) and without providing the necessary product disclosure statements. Justice Davis…

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acquisition
February 07, 2020 BY Valentina Kirilova

AxiCorp to acquire trading tech firm Star Financial System

Australia-based FX and CFD trading provider AxiCorp has earlier this week announced that it will acquire the UK-headquartered trading technology firm Star Financial System. The cash-based deal will include Star’s technology, staff, operations and licenses, but it does not necessarily represent a signal for radical change. AxiCorp’s CEO Rajes Yohannan noted in a statement that…

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FlexTrade adds Paul Beatty to team
February 07, 2020 BY Valentina Kirilova

Ex-CEO of Saxo Bank, Matt Long, joins Asia’s crypto company OSL

Matt Long, Saxo Bank Hong Kong’s former CEO, has joined Asia’s digital asset platforms for professional investors OSL. Long will be in charge of OSL’s distribution activities, including institutional and white-label sales and its prime brokerage business, Bloomberg reported earlier this week. The list of bankers and investors from financial companies that have made the jump to…

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SGX
February 07, 2020 BY Valentina Kirilova

SGX’s Asian FX futures volume rises as FX industry moves toward the final stages of regulatory reforms

Singapore Exchange (SGX) keeps reporting record volumes, as international investors seek trading opportunities in Asia. The heightened activity is not that unexpected, as the FX industry moves toward the final stages of regulatory reforms for uncleared OTC derivatives. Interest in SGX’s suite of Asian currencies continues to grow, with record US$1.3 trillion changing hands in…

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February 07, 2020 BY Steffy Bogdanova

United States and Singapore issue a joint statement on financial services data connectivity

US Treasury Under Secretary for International Affairs Brent McIntosh and Monetary Authority of Singapore Deputy Managing Director Jacqueline Loh met n Singapore for a discussion on the importance of data connectivity in financial services. Both countries recognize managing data across borders is crucial to the development of the financial sector. The new technological developments in…

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forex market crypto news and updates
February 07, 2020 BY Valentina Kirilova

Daily Market News: Burberry sends a chilling warning to investors

Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 7, 2020.  Burberry sent a chilling warning to investors this morning in an unplanned announcement which revealed the impact the coronavirus is having on the ground in China. The group said the outbreak of the coronavirus…

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NZDUSD: RBNZ rate meeting might send New Zealand dollar higher
February 06, 2020 BY Valentina Kirilova

NZDUSD: RBNZ rate meeting might send New Zealand dollar higher

The following article is written by Alejandro Zambrano, Chief Market Strategist, ATFX. On February 12, the New Zealand central bank, the Reserve Bank of New Zealand (RBNZ), will host a rate meeting. The key interest rate is at 1% and economists do not anticipate a change in interest. However, their language might change to less dovish…

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Tokyo Financial Exchange TFX volumes TFX Click 365
February 04, 2020 BY Valentina Kirilova

TFX-Click 365 volume jump 55% MoM in January

Tokyo Financial Exchange (TFX) has released its trading volumes report for the month of January 2020. You can see the highlights below: FX Daily Futures contracts(Click 365) The total trading volume of FX Daily Futures contracts (Click 365) was 1,966,251 ( +17.8% MoM / -30.6% YoY ) and its average daily trading volume was 89,378.…

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February 04, 2020 BY Steffy Bogdanova

Can a BPH investee have a positive influence over East Coast gas crisis?

The following article was written by Jonathan Jackson. Late in 2019, the Australian Competition and Consumer Commission (ACCC) has confirmed that domestic wholesale gas prices have risen two to three times higher than historical prices. This has put many trade-exposed Australian manufacturers under extreme pressure. There is also continuing uncertainty about the longer-term supply outlook.…

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