Broker Updates During Oct. 26 - Nov.1

Vietnam

Tightened Rules

1. Following the steps of regulators throughout Europe and the UK the Australian Securities and Investment Commission (ASIC) has announced a long awaited tightening on the rules governing the sale of CFDs to retail clients. ASIC introduces differentiated leverage caps on major and minor currency pairs, gold, major stocks market indexes, commodities, minor stocks market indices, crypto assets and shares.

Digital Currency

2. Hong Kong and China to test cross-border digital yuan transactions. The People‘s Bank of China (PBOC) and the General Bank in Hong Kong (HKMA) have confirmed a mutual desire to work together on testing China’s digital currency – the digital yuan.

Monetary Penalty

3. FinCEN fines Helix and CoinNinja owner $60 million for money laundering. The US regulatory body, FinCEN has fined the owner of two bitcoin exchange services with $60 million due to his participation in laundering crypto that was then used in illegal transactions.

CFTC Fine

4. CFTC Imposes $14 Million Fine on Binary Options Marketer. The Commodity Futures Trading Commission (CFTC) stated that former Hawaiian citizen Peter Szatmari was found guilty on charges of fraud and solicitation.

Indonesia

Unlicensed Domains

5. The Ministry of Trade through the Indonesian Commodity Futures Trading Supervisory Agency (Bappebti) during September 2020 ran out of 137 unlicensed entity domains. As of September 2020, Bappebti has 914 domain entities. The blocking is carried out through the Ministry of Communication and Information Technology as well as companies where domain names are registered in Indonesia.

Securities Issuance

6. The Indonesian Financial Services Authority (OJK) will issue securities from PT Kresna Sekuritas as the underwriter or brokerage of securities starting Friday (23/10). Termination is carried out until the company makes repairs according to OJK's request.

Thailand

Trading Update

7. Online contracts for differences (CFDs) brokerage, Plus500 has published its trading update for the third quarter of 2020, showing a continued slump in activity since the peak achieved in the first quarter, but solid growth when compared with the previous years metrics.

Entering New Market

8. Pepperstone, a forex and contracts for differences (CFDs) broker, has expanded its geographical reach by officially entering the Kenyan forex trading market.

Japan

Trading Data

9. Monthly statistical bulletin on over-the-counter retail FX margin trading:

Number of over-the-counter retail FX margin trading operaters: 54(September 30, 2020)

Number of members reported: 54

Volume: 5,479,286 hundred million JPY

Open Positions(as of the end of the month): 74,233 hundred million JPY

Short: 27,804 hundred million JPY

Long: 46,429 hundred million JPY

Commonwealth of Independent States (CIS)

Investment Portfolios

10. FINAM studied the candidates' pre-election programs and developed two investment portfolios - they included shares of companies that will become beneficiaries in the event of a victory of Joseph Biden or Donald Trump.

Financial Event

11. The FINAM group of companies has become a partner of the Digital Ball cultural and business event, organized to discuss issues of digital transformation and the formation of the scientific and technological future of Russia. The event will be held online on November 7, 2020 as part of the All-Russian professional holiday “Day of the financier”.

Alpari PAMM Data

12. According to official data, at the end of September the number of active clients in the Alpari PAMM service exceeded 19,000 people from more than 60 countries, and the average monthly trade turnover of the PAMM service amounted to more than $ 10.2 billion. The broker's trading turnover in the first nine months of 2020 exceeded $ 92 billion.