Vantage Lowers Copy Trading Barrier; FCA Warns against MS Clone
انتشار: آبان 01، 1402
بروزرسانی: 29 خرداد 1404

Vantage Lowers Copy Trading Barrier; FCA Warns against MS Clone


Vantage Lowers Barrier toEntry for Copy Trading

VantageMarkets, a multi-asset broker, has reduced the minimum deposit requirement forits copy trading feature from $200 to $50. This move comes after a survey bythe company revealed that over 60% of active traders are interested in copytrading. The survey also indicated that nearly 20% of respondents wereunfamiliar with the concept but were keen to learn more.

Lian Jie, Assistant App Marketing Director, Vantage

"Ourclients are looking for a means to expand their portfolio and maximise theirreturns with minimal cost, so our reduced minimum deposit provides a lowerbarrier for them to explore copy trading and adopt it as part of their tradingstrategy," said Lian Jie, the Assistant App Marketing Director at Vantage.

To furthersupport traders, Vantage plans to release a series of educational tutorials anduser guides in the coming months. These resources aim to help novice andexperienced traders make the most of the platform\'s features.

FCA Issues Warning aboutMorgan Stanley Clone Firm

TheFinancial Conduct Authority (FCA) has warned about a clone firm impersonatingMorgan Stanley. The clone firm, operating under the name MorganStanley/msaccounts.uk, is not authorized by the FCA and has been contactingpeople, pretending to be the authorized firm.

The FCAadvises the public to be cautious and to consult their Warning List for otherunauthorized and clone firms. The genuine Morgan Stanley has no connection withthe clone firm and is fully authorized by the FCA.

Ebury Opens GlobalTraining Center in Malaga

Ebury, aLondon-based global financial technology firm, has opened a new global trainingcenter and operations base in Malaga, Spain. The facility, which underwent a€1.2 million renovation, will serve as a hub for Ebury\'s global operations andoffer technical training opportunities.

The newoffice is expected to attract over 500 people from Ebury\'s 38 global officesfor training and development programs by 2024. Ebury specializes ininternational payments, trade finance, and FX risk management, among otherservices.

“We’redelighted to unveil this brilliant facility in the heart of Malaga,” JuanLobato, the Co-Founder and Co-CEO at Ebury, commented. “Ebury has a deep-rootedconnection to Spain and we are delighted to be investing further into thisgeography through an office which will provide invaluable opportunities bothfor employees based out of Malaga and those visiting to take advantage of ournew training capabilities.”

Odeon Capital Faces FINRASanctions

OdeonCapital Group LLC has agreed to a settlement with the Financial IndustryRegulatory Authority (FINRA) over alleged rule violations related to tradereporting. The firm has consented to a censure and a $100,000 fine for failingto report approximately 640 trades to the Trade Reporting and Compliance Engine(TRACE) and for incorrectly reporting around 130 internal transfers.

The firmalso violated MSRB Rule G-14 by failing to timely report approximately 225trades to the Municipal Securities Rulemaking Board’s (MSRB) Real-timeTransaction Reporting System (RTRS).

TSE Partners withBroadridge for Direct Connection

Tokyo StockExchange (TSE) and Broadridge Financial Solutions have announced a directconnection between TSE\'s CONNEQTOR platform and Broadridge\'s Xilix ExecutionManagement System (EMS). The partnership aims to provide asset managementcompanies with more advanced and efficient trading processes.

Accordingto Hiroki Kawai, Senior Executive Officer at TSE, the direct connection willenable institutional investors to trade ETFs with greater convenience. “We will continue our efforts tofurther develop an even more highly convenient market environment that enablessmoother execution and better pricing for investors.”

BBVA Consolidates TechFirms into One Company

Spanish bankBBVA is consolidating its three technology firms, BBVA Next Technologies, BBVAIT España, and Datio, into a single new company called BBVA Technology. The newentity will focus on software development transformation and aims to offer morecareer development opportunities for current employees while attracting newtalent.

BBVATechnology will house 3,000 employees and have offices in Madrid, Barcelona,and Bilbao.

GTN Launches GlobalFractional Trading Engine

GTN, aglobal fintech company, has launched a fractional trading engine that allowsretail investors to invest in high-value stocks and fixed income globally. Thenew capability aims to democratize investing by making it more accessible andaffordable. Manjula Jayasinghe, Group CEO of GTN, stated that the new featurealigns with the company\'s mission of making trading and investing accessible toa broader spectrum of people.

"Foryears, GTN has been at the forefront of introducing innovative solutions in thefinancial industry,” said Manjula Jayasinghe, the Group CEO of GTN. “We wereone of the first firms outside the US to offer fractional trading on US stockswhen it first became available. Now, expanding fractional trading capabilityacross global stocks and ETFs in the 80+ markets we provide access to isaligned with our clients\' needs for greater access to investment opportunities.”

Vantage Lowers Barrier toEntry for Copy Trading

VantageMarkets, a multi-asset broker, has reduced the minimum deposit requirement forits copy trading feature from $200 to $50. This move comes after a survey bythe company revealed that over 60% of active traders are interested in copytrading. The survey also indicated that nearly 20% of respondents wereunfamiliar with the concept but were keen to learn more.

Lian Jie, Assistant App Marketing Director, Vantage

"Ourclients are looking for a means to expand their portfolio and maximise theirreturns with minimal cost, so our reduced minimum deposit provides a lowerbarrier for them to explore copy trading and adopt it as part of their tradingstrategy," said Lian Jie, the Assistant App Marketing Director at Vantage.

To furthersupport traders, Vantage plans to release a series of educational tutorials anduser guides in the coming months. These resources aim to help novice andexperienced traders make the most of the platform\'s features.

FCA Issues Warning aboutMorgan Stanley Clone Firm

TheFinancial Conduct Authority (FCA) has warned about a clone firm impersonatingMorgan Stanley. The clone firm, operating under the name MorganStanley/msaccounts.uk, is not authorized by the FCA and has been contactingpeople, pretending to be the authorized firm.

The FCAadvises the public to be cautious and to consult their Warning List for otherunauthorized and clone firms. The genuine Morgan Stanley has no connection withthe clone firm and is fully authorized by the FCA.

Ebury Opens GlobalTraining Center in Malaga

Ebury, aLondon-based global financial technology firm, has opened a new global trainingcenter and operations base in Malaga, Spain. The facility, which underwent a€1.2 million renovation, will serve as a hub for Ebury\'s global operations andoffer technical training opportunities.

The newoffice is expected to attract over 500 people from Ebury\'s 38 global officesfor training and development programs by 2024. Ebury specializes ininternational payments, trade finance, and FX risk management, among otherservices.

“We’redelighted to unveil this brilliant facility in the heart of Malaga,” JuanLobato, the Co-Founder and Co-CEO at Ebury, commented. “Ebury has a deep-rootedconnection to Spain and we are delighted to be investing further into thisgeography through an office which will provide invaluable opportunities bothfor employees based out of Malaga and those visiting to take advantage of ournew training capabilities.”

Odeon Capital Faces FINRASanctions

OdeonCapital Group LLC has agreed to a settlement with the Financial IndustryRegulatory Authority (FINRA) over alleged rule violations related to tradereporting. The firm has consented to a censure and a $100,000 fine for failingto report approximately 640 trades to the Trade Reporting and Compliance Engine(TRACE) and for incorrectly reporting around 130 internal transfers.

The firmalso violated MSRB Rule G-14 by failing to timely report approximately 225trades to the Municipal Securities Rulemaking Board’s (MSRB) Real-timeTransaction Reporting System (RTRS).

TSE Partners withBroadridge for Direct Connection

Tokyo StockExchange (TSE) and Broadridge Financial Solutions have announced a directconnection between TSE\'s CONNEQTOR platform and Broadridge\'s Xilix ExecutionManagement System (EMS). The partnership aims to provide asset managementcompanies with more advanced and efficient trading processes.

Accordingto Hiroki Kawai, Senior Executive Officer at TSE, the direct connection willenable institutional investors to trade ETFs with greater convenience. “We will continue our efforts tofurther develop an even more highly convenient market environment that enablessmoother execution and better pricing for investors.”

BBVA Consolidates TechFirms into One Company

Spanish bankBBVA is consolidating its three technology firms, BBVA Next Technologies, BBVAIT España, and Datio, into a single new company called BBVA Technology. The newentity will focus on software development transformation and aims to offer morecareer development opportunities for current employees while attracting newtalent.

BBVATechnology will house 3,000 employees and have offices in Madrid, Barcelona,and Bilbao.

GTN Launches GlobalFractional Trading Engine

GTN, aglobal fintech company, has launched a fractional trading engine that allowsretail investors to invest in high-value stocks and fixed income globally. Thenew capability aims to democratize investing by making it more accessible andaffordable. Manjula Jayasinghe, Group CEO of GTN, stated that the new featurealigns with the company\'s mission of making trading and investing accessible toa broader spectrum of people.

"Foryears, GTN has been at the forefront of introducing innovative solutions in thefinancial industry,” said Manjula Jayasinghe, the Group CEO of GTN. “We wereone of the first firms outside the US to offer fractional trading on US stockswhen it first became available. Now, expanding fractional trading capabilityacross global stocks and ETFs in the 80+ markets we provide access to isaligned with our clients\' needs for greater access to investment opportunities.”



منبع: https://www.financemagnates.com//forex/news-nuggets-23-october-vantage-lowers-copy-trading-barrier-fca-warns-against-ms-clone/
نویسنده: تیم تحریریه رضا خانتاراج