Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for January 16, 2020. The major US stock indices hit new highs on Wednesday, with the Dow Jones Industrial Average passing 29,000 points, after the US and China signed a phase one trade deal. A trade war between…
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IS Prime Hong Kong, part of ISAM Capital Markets, has just announced that it has been granted a Type 3 Leveraged Foreign Exchange Trading licence by the Hong Kong Securities and Futures Commission (SFC). The licence enables IS Prime Hong Kong to offer Leveraged FX Trading services to institutional professional investors. The Responsible Officers for…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for January 15, 2020. This is not a trading advice. See details below: FOREX Wednesday started with subdued trading on forex, as most currency pairs remain within tight ranges. It is expected that later today the US and China will sign the…
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New Zealand Financial Markets Authority (FMA) has recently added several more names to its list of unregulated firms and suspected scams. The latest additions are the companies Tower Hill Limited, GG Trade International Ltd, Boulder Wealth GG Trade and Jinshi Global Financial Group. The regulator recommends exercising caution before dealing with these companies as it…
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The Luxembourg Stock Exchange (LuxSE) has earlier this week signed a Memorandum of Understanding (MoU) with Chongwa (Macao) Financial Asset Exchange Co., Ltd. (MOX) in Macau. MOX is Macau’s only exchange, established in 2018. The cooperation will mostly focus on promoting cross-border investment and liquidity for offshore RMB-denominated financial products. Robert Scharfe, CEO of LuxSE,…
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The infamous failed ICO of Telegram has sparked controversy in the cryptocurrency industry and how the SEC is involved in regulating the sector. As LeapRate recently reported, after the SEC rejected the GRAM crypto and demanded to see how the raised funds were used by the company, Telegram actually hesitated to give such information to…
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While Japan may be one of the most progressive cryptocurrency countries in the world, recognising digital currencies as official method of payment, the Japanese Financial Services Agency (FSA) is now taking steps to put imminent trading limits on cryptocurrency exchanges in the country. The leverage is to be maxed at twice the deposits of traders.…
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UK-headquartered global fintech firm TigerWit has announced today that it has been accredited with a Financial Services licence from Hong Kong’s Securities and Futures Commission. Financial innovation in Asia and demand for access to financial markets is growing rapidly and Hong Kong is a major global financial hub. Tim Hughes, CEO at TigerWit commented on the…
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Kroll, a division of Duff & Phelps, has today announced that it has acquired RP Digital Security, aiming to expand its cyber security offerings. Singapore-headquartered RP Digital Security is a computer forensic investigations, digital security and eDiscovery services company. It serves some of the largest law firms, financial institutions and insurance providers in the region. RP Digital Security has…
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Australian watchdog ASIC has announced yesterday that it has extended the suspension of the Australian financial services (AFS) licence held by Halifax Investment Services Pty Ltd until 8 January 2021, effective 18 December 2019. The Halifax AFS licence can continue only to ensure that clients of Halifax continue to have access to an external dispute resolution…
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