Nasdaq Stockholm fines Oscar Properties Holding AB SEK 410,000 LeapRate

Nasdaq Copenhagen Improves Small Cap Market Access For Non-Nordic Trading Members

September 14, 2018 BY Valentina Kirilova

Nasdaq Stockholm fines Oscar Properties Holding AB SEK 410,000

The Disciplinary Committee of Nasdaq Stockholm has found that Oscar Properties Holding AB (“Oscar Properties” or the “Company”) has breached Nasdaq Stockholm’s Rule Book for Issuers (the “Rule Book”) and, accordingly, has imposed a fine on Oscar Properties amounting to two annual fees, corresponding to an amount of SEK 410,000. The Disciplinary Committee has found…

Paxful launches wallet app, releases a series of educational workshops in Africa

September 14, 2018 BY Valentina Kirilova

Block Commodities launches ecosystem pilot project in Uganda

Block Commodities Limited (NEX: BLCC), the commodity trader operating in Africa, has announced a strategic partnership with Pure Grow Africa Limited (Pure Grow), a supplier of high-quality agricultural produce based in Uganda. Block and Pure Grow will be working together in connection with the first pilot of a food project commodity cycle ecosystem (Pilot Ecosystem…

September 14, 2018 BY LeapRate Staff

Saxo Bank trading volumes hit multi-year lows as Geely formally takes over

Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that all the necessary regulatory approvals have been received to enable China’s Geely Group and Sampo plc of Finland to acquire shares in Saxo Bank A/S. Following the approval and reflecting the new ownership structure of Saxo Bank, Daniel Donghui Li has been elected chairman…

September 14, 2018 BY Valentina Kirilova

Nasdaq to acquire Swedish financial technology provider Cinnober

Nasdaq (Nasdaq:NDAQ), the global provider of trading, clearing, exchange technology, listing, information and public company services, has announced that it has made an USD 190m all cash recommended public offer to the shareholders and warrant holders of Cinnober (Nasdaq First North: CINN), a major Swedish financial technology provider to brokers, exchanges and clearinghouses worldwide. Nasdaq’s…

September 14, 2018 BY Valentina Kirilova

GP Bullhound becomes new partner of Deutsche Börse Venture Network

Startups gain better access to later stage financing With a new collaboration, the more than 160 startups from Deutsche Börse Venture Network will get better access to growth financing: global technology advisory and investment firm GP Bullhound is joining the network. Companies in the later stage growth phase in particular will benefit from this. GP…

September 14, 2018 BY Valentina Kirilova

FCA warns against Capital NCL clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Capital NCL. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

September 14, 2018 BY Valentina Kirilova

Cowen Execution Services fined $2.75 million for providing deficient blue sheet data

The Securities and Exchange Commission (SEC) has announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and deficient securities trading information known as “blue sheet data.” According to the SEC’s order, for nearly four years…

September 14, 2018 BY Valentina Kirilova

CySEC withdraws CIF license of Ouroboros Derivatives Trading Ltd

Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) has announced that it has decided to withdraw the CIF license of a company called Ouroboros Derivatives Trading Ltd. The complete text of the regulator's decision can be seen below: Announcement date: 13.09.2018 CySEC Decision date: 03.09.2018 Regarding: Ouroboros Derivatives Trading Ltd Legislation: The Investment Services…

September 13, 2018 BY Mariela Naydenova

Morgan Stanley is "thinking" of a Bitcoin derivative product

After Goldman Sachs was said to launch a cryptocurrency trading desk this summer, which did not happen, now, another major US investment bank is on the "hunt" for creating a Bitcoin derivative product. Morgan Stanley is rumoured to be eyeing price return swaps that are actually tied to the "people's currency". As the price return…

September 13, 2018 BY Valentina Kirilova

FCA warns against Bradshaw Asset Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Bradshaw Asset Management. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…