FX Industry Week Review: Forex broker goes offshore, Plus500 shareholders cash in, and lots more LeapRate

September 09, 2018 BY LeapRate Staff

FX Industry Week Review: Forex broker goes offshore, Plus500 shareholders cash in, and lots more

Which Retail FX broker decided to 'move offshore', from its home country to St. Vincent? Which Plus500 shareholders pocketed more than $400 million from the sale of stock? What are Tickmill UK's trading volumes? Admiral Markets' revenues? Answers to these questions and more appeared first or only at LeapRate. Some of our most viewed and…

September 07, 2018 BY Valentina Kirilova

TradingScreen teams up with Imagine Software to enhance offerings

TradingScreen Inc. (TS), the all-asset class order and execution management system (OEMS), has just announced upgrades to its partnership with Imagine Software, which offers real-time portfolio, risk, and compliance management solutions. TradingScreen recognizes the need to create seamless integrations and cultivate deeper partnerships to ultimately benefit trading desks faced with varying regulatory and compliance demands,”…

September 07, 2018 BY LeapRate Staff

Virtu prepays another $74 million on its KCG acquisition term loan facility

Virtu Financial, Inc. (NASDAQ:VIRT), a leading technology-enabled market maker and liquidity provider to the global financial markets, today announced further actions to reduce debt and modify its capital structure. Virtu has commenced marketing for a repricing transaction of its 1st Lien Senior Secured Term Loan Facility (the “TL”). In conjunction with the repricing transaction, Virtu…

September 07, 2018 BY Valentina Kirilova

Advanced Blockchain AG announce investment in WOM Token

Advanced Blockchain AG has just announced its investment in WOM (Word of Mouth) Token. Established in 2018, WOM Token Ltd. is building a blockchain-based protocol that gives brands, content creators, publishers and social networks a way to monetize word-of-mouth recommendation content without any one central party exclusively profiting from the collective value created. WOM or…

ASIC applauds the enactment of stronger whistleblowing laws

September 07, 2018 BY Valentina Kirilova

SEC awards more than $54 million to two whistleblowers

The Securities and Exchange Commission (SEC) has informed the public that it is awarding $39 million to one whistleblower and $15 million to another whose critical information and continued assistance helped the agency bring an important enforcement action. The $39 million award is the second-largest award in the history of the SEC’s whistleblower program. Whistleblowers…

September 07, 2018 BY Valentina Kirilova

CSA proposes rule regarding non-GAAP and other financial measures

The Canadian Securities Administrators (CSA) has just published for comment Proposed National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure (the Proposed Instrument), which establishes disclosure requirements for issuers that disclose non-GAAP and other financial measures. These measures often lack standardized meanings, resulting in potentially misleading or confusing disclosure. We are proposing clear and comprehensive…

September 07, 2018 BY Valentina Kirilova

ING Financial Markets LLC to pay $5 million to settle charges

New York Stock Exchange Regulation (NYSE Regulation) has announced that ING Financial Markets LLC (ING) has agreed to pay $5 million to settle charges for improperly handling “pre-released” American Depository Receipts (ADRs). This settlement stems from NYSE Regulation’s investigation into improper conduct by ING’s securities lending desk from 2007 into 2015. A former employee on…

September 07, 2018 BY Valentina Kirilova

MGEX announces its second best total fiscal year volume ever

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), has released the results of its fiscal year on Friday, August 31, 2018 at 2,320,880 contracts. September 2017 to August 2018 is now the Exchange’s second best fiscal year. The 2017-2018 fiscal year was the fifth consecutive year in which MGEX’s total volume has…

September 07, 2018 BY Valentina Kirilova

Stater Global hires Max Moriarty from FIXI plc for FX Sales

FCA regulated Prime of Prime brokerage Stater Global Markets has added Max Moriarty to its team as the first member of the Stater Global Markets sales team. Moriarty joins the London-based FCA regulated Prime of Prime brokerage from a senior FX sales role at FIXI plc. He has over three years’ experience in EMEA sales, originally…

September 07, 2018 BY Valentina Kirilova

MAS consults on measures to strengthen cyber resilience of financial institutions

The Monetary Authority of Singapore (MAS) has just issued for consultation proposed requirements for financial institutions (FIs) in Singapore to implement essential cyber security measures to protect their IT systems. These requirements will help FIs strengthen their cyber resilience and guard against cyber attacks. FIs will be required to implement six cyber security measures: address…