To increase the effectiveness of the equity market microstructure Moscow Exchange (MOEX) has announced that it has aligned its tick size regime with MiFID II. MOEX will apply the new tick size regime and Decimals parameter from 1 August 2018 in the following trading modes: Main trading mode Т+ ("Т+2" order book) Odd lots trading…
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The Financial Markets Authority (FMA) has just issued a warning against a company called Roiteks (otherwise known as Green Oak Limited). Roiteks is operating via the website www.roiteks.com and is not registered on the Financial Service Providers Register to provide financial services in New Zealand. The regulator considers that the operations of the entity bear…
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The European Securities and Markets Authority (ESMA) just informed the public that it has today fined Danske Bank, Nordea Bank, SEB, Svenska Handelsbanken and Swedbank €495,000 each and issued five public notices for negligently breaching the Credit Rating Agencies Regulation (CRAR). ESMA found that the five banks infringed the CRAR by issuing credit ratings without…
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Australian regulator ASIC announced that former executive of Healthe Care Pty Limited Mr Gregory Campbell, of Bundall, Queensland, has been charged with three counts of insider trading. The filing hearing for Mr Campbell’s charges was listed at the Melbourne Magistrates’ Court on 20 July 2018. On 20 October 2016, Pulse Health Limited publicly announced that…
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With cryptocurrency investment scams rising to become the #2 item leading to fraud related losses for investors, Australia's consumer watchdog ACCC (Australian Competition & Consumer Commission) has issued its Scamwatch updated figures for the first half of 2018, indicating a troubling rise in investment scams. Scamwatch said it is warning the Australian community to be…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Last week, US President Trump once expressed concern about the strong dollar and the Fed’s interest rate hike, and believed that the strength of the dollar may damage the US economy. This kind of interventionary speech caused the dollar to fall.…
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Which leading FX brokers set key technology relationships to improve liquidity distribution? And with which providers? What did the FCA have to say about an impending Hard Brexit for both inbound and outbound brokers? What do Malta's new cryptocurrency and blockchain laws mean? Answers to these questions and more appeared first or only at LeapRate.…
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The U.S. Securities and Exchange Commission (SEC) has announced that two U.S.-based subsidiaries of German financial services giant Deutsche Bank AG (FRA:DBK) will pay nearly $75 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). The case stems from a continuing SEC investigation into abuses involving pre-released ADRs. In proceedings against Deutsche…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm General 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…
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The Financial Markets Authority (FMA) has just issued a warning against a company called Prosperous International Limited, operating at website www.forexnz.co.nz. Prosperous International Limited is not registered on the Financial Service Providers Register to provide financial services in New Zealand. Their customers will not have access to a Dispute Resolution Scheme. Therefore the regulator has…
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