Sweden’s financial supervisory authority FI has deregistered Depaho Ltd, the operator of retail FX broker FXGM. This happens a week after the Cyprus Securities and Exchange Commission (CySEC) announced that the authorisation of the Cyprus Investment Firm Depaho Ltd, was suspended. The decision means that the company may no longer provide investment services or conduct…
The Australian Government has published its proposals for establishing a financial services compensation scheme of last resort (CSLR). The CSLR will provide limited compensation where a determination issued by the Australian Financial Complaints Authority (AFCA) remains unpaid and the determination relates to a financial product or service within the scope of the scheme. The Government…
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SIX welcomes Global X ETFs as a new issuer on the Swiss stock exchange. This is the second new issuer of Exchange Traded Funds in 2021 (after Tabula) and already the ninth product issuer (including ETPs) joining one of Europe’s leading stock exchanges. “Investors increasingly turn to SIX in order to trade ETFs. In 2020,…
Retail Forex and CFD broker FxPro has announced another update to its trading instrument list. The broker has added over 100 new CFDs on popular Stocks to its offering. FxPro clients can now trade the Shares of the most demanded US, UK, German and French companies. Among the newcomers are Hugo Boss, Ozon, Monday.com, Coursera,…
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Online trading and investment specialist Saxo Markets has announced a suite of price reductions which are designed to allow more of its retail clients in Hong Kong to invest in the global capital markets at some of the lowest rates available. Saxo is lowering commission to 0.05% (down from 0.08%) with a HKD18 minimum charge…
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The UK Financial Conduct Authority (FCA) today published a Business Plan, outlining certain goals and priorities. The regulator stressed once again the changes it is making to the financial promotions regime. The FCA has put new procedures in place to fast-track its supervisory and enforcement response to breaches. “We will proactively monitor firms that repeatedly…
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Nomura Research Institute, Ltd and Behavox Ltd today announced a partnership to provide Japanese financial institutions with solution services aimed at enhancing conduct risk management. Conduct risk is defined as “a risk that, while not regulated by laws and regulations, could lead to acts against social norms, acts against business and market practices, or acts…
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Popular online trading platform cTrader has announced a brand-new cTrader Community Leader Program that gives traders a chance to become influencers of cTrader users, while reaping numerous benefits from their knowledge of the cTrader platform and leave a footmark in the formation of the cTrader ecosystem. Traders can lead their own community of cTrader users…
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In order to further improve the resilience of the financial system against cyber risks, the SNB and SIX are launching the Secure Swiss Finance Network (SSFN) communication network. It is aimed at secure, flexible and resilient data communication. The SSFN is a monitored and protected network that allows authorised participants operating in the Swiss financial…
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Australian Forex and CFD broker FP Markets has added more than 550 new stock CFDs to its already extensive list of products. The stock CFDs come from a range of global markets including London, Hong Kong, Paris, Frankfurt, Madrid, Amsterdam, and New York (NYSE and Nasdaq) and cover a wide range of sectors including pharmaceuticals,…
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