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Australia
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Brokers
Exclusive: What Aussie Brokers are Doing With Overseas Clients
2019-07-02T07:31:10.000+02:00
Finance Magnates conducted a “mystery shopper survey” to gather the take of 20 AU brokers on non-AU clients
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Brokers
IC Markets Reverses Migration of Overseas Clients
2019-06-25T10:13:29.000+02:00
After client feedback, the Australian broker reversed its decision from last week
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Brokers
ASIC Extends Suspension of BBY Limited’s AFS Licence
2019-06-25T08:28:59.000+02:00
The firm was authorised to issue and make a market in derivatives and foreign exchange.
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Brokers
Exclusive: Australian Brokers Split on Overseas Clients
2019-06-21T18:41:27.000+02:00
While some bow to ASIC's pressure, others seem confident to use legal opinions allowing them to onboard overseas
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Brokers
IC Markets to Cease Non-Aussie Business
2019-06-21T14:47:31.000+02:00
The broker will be migrating affected clients to its Seychelles entity
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Executive Moves
Jefferies Secures Brian Johnson from Rival Broker CLSA
2019-06-19T11:40:35.000+02:00
Johnson is the 27th employee to be poached from CLSA in recent months.
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Brokers
ASIC Enforcement of Product Intervention Could Take up to 2 Years
2019-06-19T10:24:02.000+02:00
Brokers will have until the beginning of April 2021 to prepare their businesses
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Executive Moves
NAB Appoints David Pieri as Forex Derivatives Trader in NY
2019-06-13T15:13:31.000+02:00
Pieri joined the Australian bank last month.
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News
Revolut Goes Live in Australia, Opens Melbourne Office
2019-06-13T13:09:07.000+02:00
The challenger bank will be operating as an electric money institution until gets an Aussia banking license
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Regulation
Exclusive: Polish Retail Traders Profitability Spikes Higher in Q1
2019-06-07T15:18:11.000+02:00
Meanwhile, European regulators are progressing in their work on making ESMA regulations permanent.
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Thought Leaders
Mitrade Focusing on Strong Compliance Culture
2019-06-05T11:33:05.000+02:00
Mitrade strives to maintain a culture of transparency and believes CFD providers have a responsibility to help retail clients
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Regulation
ASIC: Some Brokers Making "Deceptive" Claims About AFS Licenses
2019-06-04T10:47:04.000+02:00
Commissioner Cathie Armour also said Australia is providing brokers with an opportunity for regulatory arbitrage
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Regulation
ASIC: FX & CFD Reporting Changes to Come into Effect in July
2019-05-31T09:41:31.000+02:00
From July, CFD, margin FX and equity OTC derivatives will need to be reported using the "life cycle" method.
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News
ASIC Releases Guidelines on ICO and Crypto Asset Licensing
2019-05-30T08:49:12.000+02:00
The agency clarified the classification of digital assets as financial products.
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Regulation
Maurice Blackburn Launches Suit Against FX ‘Cartel’ Scandal
2019-05-27T08:47:22.000+02:00
UBS, Royal Bank of Scotland, JPMorgan, Citibank, and Barclays were named in the class action.
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Regulation
ASIC Flags Trading Provider Dartalon Ltd, as Crypto Scams Rise
2019-05-21T08:41:14.000+02:00
The entity claims to offer forex, CFD and cryptocurrency trading through its platform.
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Brokers
Vantage FX Stops Servicing Clients Outside Australia
2019-05-20T13:21:23.000+02:00
With ASIC clamping down on firms, the broker follows in the footsteps of IFGM who announced similar measures last Thursday
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Execution
Clearstream to Expand into Australia with Ausmaq Acquisition
2019-05-17T08:48:30.000+02:00
Clearstream has come to an agreement with the NAB to acquire Ausmaq in the second half of 2019.
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Brokers
Breaking: First Case of Australian Broker Refunding Overseas Clients
2019-05-16T16:51:53.000+02:00
Other brokers are reportedly considering their options as ASIC’s June data submission deadline looms
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News
Zebpay Enters Australia with 5 Fiat-Crypto Trading Pairs
2019-05-08T14:41:30.000+02:00
The exchange opened a new office in Melbourne.
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Brokers
Mitrade Launches Proprietary Trading Platform
2019-05-06T15:45:58.000+02:00
The new platform is available for both mobile and desktop
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News
Crypto Scams in Australia Surged 190 Percent in 2018
2019-04-29T15:04:12.000+02:00
In total, the country lost $13.4 million in financial scams.
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Brokers
Ahead of Crunch Game, Sydney FC and AETOS Reaffirm Partnership
2019-04-23T11:43:44.000+02:00
The broker has been working with the Australian football team since 2017
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Brokers
ASIC Decrees Tsunami Prompts Brokers to Look for Client Insurance
2019-04-16T17:44:00.000+02:00
As the pressure on ASIC regulated firms is growing, they are devising new tactics to protect customers
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Brokers
Monex Securities Australia Launches Free Brokerage Service
2019-04-16T08:16:56.000+02:00
Australian investors can trade shares and ETFs without fees in the United States and most of Asia.
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