Commonwealth Bank of Australia (CBA) informed that it has entered into a court enforceable undertaking with Australian regulator ASIC in relation to their bank bill trading business and their participation in the setting of the Bank Bill Swap Rate (BBSW), a key benchmark and reference interest rate in the Australian financial system. As part of…
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After posting 60% revenue growth last year, UK-based foreign exchange service provider Alpha FX Group plc (AIM:AFX) has issued a strong Trading Update for the six month period ended June 30, 2018. The company stated that it is pleased to report that revenue for the period is expected to be approximately £9.6 million (USD $12.7 million), representing…
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Next Level Consulting has announced the appointment of Kirsten Roy-Reid as its Senior Partner and Head of Compliance. A former JP Morgan Senior Vice President for compliance who worked extensively in London, New York, Hong Kong and New Zealand for over 13 years, Roy-Reid joined a global advisory firm specialises in distributed ledger technology (DLT)…
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Bitcoin is currently priced at around $6,490 according to several major cryptocurrency exchanges. The "people's currency" took major hits in the past few weeks, dropping even below $6,000, when in December 2017, the coin was hitting $20,000 on a weekly basis for a short period of time. Despite the fluctuation, however, positivity on Bitcoin's future…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Coreserv Financial Services. Coreserv Financial Services is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Plato Partnership Limited, a not-for-profit company bringing solutions and efficiencies to today’s equity marketplace, announced the appointment of Mike Bellaro as its new CEO following a comprehensive search process. Mike Bellaro will commence his new duties with immediate effect. The appointment of a Plato CEO enables Plato Partnership to move to a dedicated leadership model…
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TMX Group has announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for June 2018. TSX welcomed nine new issuers in June 2018, compared with 23 in the previous month and 15 in June 2017. The new listings included three exchange traded funds, two closed end funds, two mining companies, one life…
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Euronext Brussels has today welcomed the fashion group FNG (ticker symbol: FNG) to celebrate their listing on Euronext Brussels, as well as their capital increase. FNG is a Benelux fashion group designing and distributing clothing and shoes for women, children and men through its own concept-stores in Belgium and the Netherlands and through a network…
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The Hong Kong Securities and Futures Commission (SFC) has just announced that it has reprimanded and fined Citigroup Global Markets Asia Limited (CGMAL) $4 million over CGMAL’s regulatory breaches in relation to the operations of its alternative liquidity pool (ALP). The disciplinary action followed an SFC investigation on CGMAL, which found that the operations of…
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LeapRate has learned that Cyprus based, CySEC licensed Retail FX broker and social trading platform Naga Markets (formerly SwipeStox) has hired experienced FX industry marketing executive Dominic Poynter as the company's new Head of Marketing & Affiliates. Naga also operates an offshore brokerage under the same brand, Naga Capital Ltd, based in St. Vincent & the…
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