Advanced Blockchain AG announce investment in WOM Token LeapRate

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…

September 07, 2018 BY LeapRate Staff

Playtech offloads its 9.99% stake in Plus500 for £176 million

There are a lot more free floating shares out there now for Plus500 Ltd (LON:PLUS). Just several hours after a group of Plus500 founders sold 9.39 million shares in the company for £145 million, another 11.4 million PLUS shares hit the market, with online gaming and financial trading company Playtech PLC (LON:PTEC) selling its entire 9.99% stake…

September 07, 2018 BY Valentina Kirilova

Xenfin Capital's Sophie Verdellet joins MarketFactory as Account Manager

MarketFactory, the foreign exchange technology platform, has just announced that Sophie Verdellet, previously holding the position of eFX business development at Xenfin Capital, has joined the company as an account manager. Based in London, she will be responsible for account management and customer service in the EMEA region. Sophie Verdellet will report directly to MarketFactory…

INTL FCStone’s Carsten Hils discusses the impact the current crisis has on FX markets

September 07, 2018 BY Valentina Kirilova

Digital Asset Custody Company announces secure custody solutions for Horizen and Zcash

Digital Asset Custody Company (DACC), a custody solution, purpose-built for institutional investors holding digital assets, has announced that it is able to provide custody support for Zcash, a cryptocurrency designed to enhance privacy in financial services. DACC is also the first third-party custody solution to support Horizen (formerly ZenCash), a token that allows users to…