LCH, the global clearing house, has just announced that Kate Birchall has been appointed Head of Asia Pacific, LCH Ltd, effective 15 October 2018. Based in Sydney, Birchall will report to Martin Pluves, CEO, LCH Ltd. Kate Birchall will be responsible for LCH’s business in Asia Pacific, including the CCP’s existing OTC derivatives clearing operations…
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The Financial Services Commission, Mauritius (the FSC Mauritius) has just informed the public that Quasar Capital Corporation Ltd has surrendered its Investment Adviser (Unrestricted) License in accordance with section 28(5) of the Financial Services Act (the FSA). Quasar Capital Corporation Ltd is registered at Level 3, Ebene House, Hotel Avenue, 33 Cybercity, Ebene. Pursuant to Section…
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The Council of Financial Regulators (CFR) has today released an Issues Paper: Review of Retail Payments Regulation: Stored-Value Facilities. The Issues Paper is part of a review into the regulatory regime for ‘stored value facilities’, which are payment products that allow users to pre-load money for future purchases (such as a travel money card). While…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. The Trump government of the United States announced last week that it has imposed an additional 10% tariff on Chinese imports worth US$200 billion. The renminbi is bearish. The negative news has caused the US dollar to see 6.86 against the…
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If you weren't on LeapRate this week, then you missed (or heard late about) all the key Forex Industry News stories including: What are EU Forex brokers doing to circumvent the ESMA leverage cap? What measures are Chinese authorities taking to crack down on illegal FX brokerage activity? (And, what exactly does it consider "illegal"?)…
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TPG Capital (TPG), a global private equity and alternative asset firm, has selected PFA Solutions' FirmView® to support their GP accounting and reporting needs. PFA Solutions, a provider of alternative investment technology and services, has announced today that TPG, the global private equity platform and alternative asset firm, has selected the FirmView platform to support…
Read moreLondon Stock Exchange Group (LSEG) has announced today that it has signed a Memorandum of Understanding (MoU) with National Stock Exchange of India (NSE). LSEG and NSE will work together on creating a dual listing route for Masala bonds and explore the launch of ELITE, LSEG’s successful business support and capital raising programme for private…
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PPDAI Group Inc. (Paipaidai) (NYSE:PPDF), the online consumer finance marketplace in China, has just announced the resignation of Mr. Zehui Liu from the board of directors of the Company (the "Board"), effective September 21, 2018, due to his own personal reasons. Upon the effectiveness of Mr. Liu's resignation, the Board will consist of eight directors,…
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LeapRate Exclusive... After tripling its Revenue in 2016, LeapRate has learned via filings made in the UK and Australia that ThinkMarkets UK had a more reserved year in 2017, with Revenue, Profit and Client Deposit activity basically mirroring that of the previous year. ThinkMarkets UK revenue for 2017 came in at £3.79 million (USD $5 million), versus £3.82…
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Peabody (NYSE:BTU) has just announced that it has signed a definitive agreement to purchase the Shoal Creek metallurgical coal mine from private coal producer Drummond Company, Inc. for $400 million. Shoal Creek is located on the Black Warrior River in Central Alabama and serves Asian and European steel mills with high-vol A coking coal. The…
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