9.5 Industry News: The TradingLive Autumn Awards will be held tomorrow. Malaysia's SC updates its Au


The 2023 TradingLive Impact Awards are tomorrow. Malaysian SC adds 24 unauthorized firms to the alert list. Moscow Exchange's trading grew in August. Clear Junction bought Altalix.

1. The Autumn Awards Ceremony for the 2023 TradingLive Impact Award will be held tomorrow

The autumn awards ceremony for the 2023 TradingLive Impact Award will take place on September 6, 2023, at 4:30 p.m. Cyprus time, at the AMARA Hotel in Limassol. The award ceremony can be watched live online!

For more details, please visit the TradingLive website or download the Trading Live app. If you have any questions, please send an email to event@trading.live.

2. Malaysia's SC Updates its August Investor Alert List, Adding 24 Unauthorized Companies

The Securities Commission Malaysia (SC) has updated its investor alert list for August, adding 24 unauthorized websites, investment products, companies, or individuals.

Note that this list is not exhaustive and is intended as a reference before making investment decisions.

The companies/individuals added to the August alert list are as follows:

  1. MyCryptoversity / Beranikripto
  2. Pelaburan Saham
  3. (AAA) Labur Saham Syariah
  4. Team Sahabat Invest
  5. Silver Aspire 248
  6. Perdana Wawasan (M) Berhad
  7. Global Stock Trading
  8. Oroku Edge
  9. RZK Century Trading
  10. A Telegram group cloning the Securities Commission Malaysia
  11. Potential clone entity - Bursa Malaysia Group
  12. Potential clone entity - Qhazanah Islamic / QhazanahQuantum
  13. Fusion Markets
  14. Potential clone entity - Ihsan Trading
  15. Potential clone entity - Middle East Investment Company (MEIC)
  16. One Royal
  17. Pelaburan Crypto Club
  18. Nerd Trade Malaysia / NT Trade
  19. Potential clone entity - GPT Coin
  20. Potential clone entity - Wahed Global
  21. Potential clone entity - MIG Top Trading
  22. ACI Exchange
  23. Potential clone entity - Amara Investments Berhad
  24. Pelaburan Saham Gold Syariah

3. Moscow Exchange Sees Growth Across All Markets in August 2023

Russia's largest exchange, the Moscow Exchange, has released its key trading figures for August 2023, with a total trading volume of 127.5 trillion rubles, marking a 56.9% increase year-over-year.

Here's how trading fared across the markets: the stock market's trading volume grew 3.7 times, the derivatives market grew 1.9 times, the bond market increased by 82.5%, the foreign exchange market grew by 63%, the money market by 44.7%, and the precious metals market grew 4.3 times.

4. Clear Junction Acquires UK FinTech Company Altalix

Altalix has been acquired by the payment solution provider Clear Junction, with the acquisition amount undisclosed. Altalix will be renamed Clear Junction Digital Ltd., and will adjust its business strategy. Altalix was among the earliest companies to be registered by the UK Financial Conduct Authority (FCA) and was regulated by the Sandbox and Innovation Hub. Since 2016, Clear Junction has been providing technology support to regulated institutions, with access to payment accounts, e-money accounts, virtual IBANs, etc., globally. The acquisition of Altalix by Clear Junction is to adapt to the dynamic changes in the digital asset market, seizing competitive advantages in an ever-evolving market.

5. J.P. Morgan Payments Partners with Network International to Strengthen its Acquiring Business in the Middle East and Africa

Network International (Network), a leading digital commerce company in the Middle East and Africa (MEA) region, has announced its partnership with J.P. Morgan Payments to strengthen the bank's acquiring business. J.P. Morgan Payments covers over 160 countries and more than 120 currencies, making it one of the largest merchant acquiring institutions by transaction volume worldwide.

6. IQ Option Appoints Pawel Cichowski as Head of the European Trading Division

IQ Option has appointed Pawel Cichowski as the head of the IQ Option Europe LTD trading division. Pawel brings a wealth of experience, having served as the head of trading at XBO, as the chief trader/trading division head at the German FinTech company NAGA, and having worked for over seven years at xPro, overseeing the company’s trading systems and order execution (forex and other assets), forecasting market risks, and macroeconomic events. Pawel also worked at the Polish commercial bank, Meritum Bank ICB S.A., and served as a market analyst for Reuters.

7. ICE Reports Increased Trading Volume in Financial Products for August

Intercontinental Exchange, Inc. (ICE), a data, technology, and market infrastructure provider, has released its trading figures for August 2023, totaling 47,287,456 financial product contracts, marking a 12.3% increase from July 2023 but a 11.7% decline from the same period in 2022.

8. FCA Adds SMARTCOINFX and Two Other Companies to its Blacklist

The UK FCA recently warned that SMARTCOINFX, OCTAFXELITETRADE, and DynastyFx might be offering financial services or products in the UK without FCA authorization, advising investors to exercise caution when dealing with them.

For more details:

Unauthorized company - SMARTCOINFX

Email: support@smartcoinfx.com

Website: https://smartcoinfx.com


Unauthorized company - OCTAFXELITETRADE

Address: Gresham House, 24 Holborn Viaduct, London, England, UNITED KINGDOM, EC1A 2BN

Email: info@octafxelitetrade.com

Website: https://octafxelitetrade.com


Unauthorized company - DynastyFx Global

Address: Coffeyville, Massachusetts USA

Phone: +18452935074

Email: support@dynastyfxglobal.com

Website: www.dynastyfxglobal.com

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End


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